The Economic Benefit Of Refugees

The Economic Benefit Of Refugees

It has long been my intuition that a country like Australia should welcome refugees – not fear them. I guess this feeling in part comes from my first-hand experiences with immigrants I’ve known over my life, people who came from poverty-stricken countries with political instability and ended up some of the hardest-working, most appreciative Australian’s I’ve ever met. Not only do first generation immigrants work hard, but their children, raised in Australian schools, often with accents broader than my own, tend to grow up with an appreciation of the opportunity Australia represents, continually reinforced by their parents with stories of the “old country”, that is stronger than those of us whose ancestors moved here 100 years or more ago (my mother’s ancestors came to Australia in 1912, from Poland and Britain, my father moved here from Scotland as a “Ten Pound Pom” in the late 60’s).

So today I read some of a document published by the Department of Immigration and Citizenship in June 2011 – “A Significant Contribution: the Economic, Social and Civic Contributions of First and Second Generation Humanitarian Entrants – that seems to confirm my intuition.

This research examines what are the economic, social and civic contributions to Australia of first and second generation Humanitarian Program entrants by the analysis of Census data, interviews with families and in-depth discussions with organisations such as employment, education and refugee service providers.

In the introduction summary to the report, they state:

The research found the overwhelming picture, when one takes the longer term perspective of changes over the working lifetime of Humanitarian Program entrants and their children, is one of considerable achievement and contribution.

The Humanitarian Program yields a demographic dividend because of a low rate of settler loss, relatively high fertility rate and a high proportion of children who are likely to work the majority of their lives in Australia.

It finds evidence of increasing settlement in nonmetropolitan areas which creates social and economic benefits for local communities.

Humanitarian entrants help meet labour shortages, including in low skill and low paid occupations.

They display strong entrepreneurial qualities compared with other migrant groups, with a higher than average proportion engaging in small and medium business enterprises.
Humanitarian settlers also benefit the wider community through developing and maintaining economic linkages with their origin countries.

In addition, they make significant  contributions through volunteering in both the wider community and within their own community groups.

I wish I heard this perspective being used more liberally in the media and by politicians from all parties when we discuss “The Pacific Solution”. We, as a nation, need to realize that we stand to benefit far more from refugees arriving on our shores than we will need to provide them.

Mormons “just more modern, not more crazy”

Mormons “just more modern, not more crazy”

I totally endorse this rant by Penn Jillette. Sure, what Mormons (and Scientologists) believe sounds batshit crazy to most of us. But is it really any crazier than what mainstream Christians, Jews or Muslims believe? Hell no. “Just more modern, not more crazy”, as Penn says.

I’m as confused as Penn is about how otherwise intelligent-sounding people can just spout crazy stuff and act like it’s totally normal. It’s especially scary when you hear it from politicians, the people who are supposedly running the country. Surely there should be a sanity test that you have to pass before you can be elected to public office.

How To Embezzle $100 Million

How To Embezzle $100 Million

Step 1. Start a financial services firm.

Step 2. Make sure you are the only person in the company who sees the bank statements.

Step 3. “Using a combination of Photo Shop, Excel, scanners and both laser and ink jet printers… make very convincing forgeries of nearly every document that came from the Bank.”

At least, that’s how Peregrine CEO Russell Wasendorf Sr. did it – for over 20 years.

He wrote a suicide note explaining the whole scam before attempting suicide. He failed at that and has now pleaded guilty to fraud and embezzlement.

What about the Regulators? Why didn’t they catch him?

“It was relatively simple to deceive the Regulators” according to Russ. Good to know.

He ended his suicide note with “I am ready to die. I guess this is the only way out of a business I hate so much.”

It’s a far cry from his most recent “Chairman’s Letter”, where he wrote

“At PFGBEST, our consistent hallmarks remain: respectful and conscientious care of customers and their accounts; a keen sense of their evolving needs; and, the talent and resources to provide analytical, flexible and customized solutions.”

Guys like Wasendorf are fascinating to me. How high would he score on a test for psychopathy? Surely he would score highly on many of those factors.

You have to wonder how many CEOs, politicians and entrepreneurs are psychopaths? And what is it about capitalism that allows them to prosper?

Of course, the history of socialism and communism has it’s fair share of psychopaths as well. Why is it so hard for us to design a socio-economic system that weeds out psychopaths?

 

Does Deprivation Fire Ambition?

Does Deprivation Fire Ambition?

In the NYT today, David Brooks makes some interesting points about motivation, reflecting on Romney’s latest gaff:

The final thing the comment suggests is that Romney knows nothing about ambition and motivation. The formula he sketches is this: People who are forced to make it on their own have drive. People who receive benefits have dependency.

But, of course, no middle-class parent acts as if this is true. Middle-class parents don’t deprive their children of benefits so they can learn to struggle on their own. They shower benefits on their children to give them more opportunities — so they can play travel sports, go on foreign trips and develop more skills.

People are motivated when they feel competent. They are motivated when they have more opportunities. Ambition is fired by possibility, not by deprivation, as a tour through the world’s poorest regions makes clear.

If rich people really think benefits don’t help you, then they wouldn’t send their kids to private schools and elite universities. They wouldn’t use their personal networks to land their kids high-paying jobs in friends’ companies. They wouldn’t buy them a car, or give them a credit card or a mobile phone.

And we know this isn’t how it works.

So the next time one of your wealthy right-leaning friends tells you that the welfare system destroys ambition, you might want to point our their hypocrisy. If they really believed it, they would send their own kids to live by themselves in Kabul for a few years.

I grew up on the poverty line (by Australian standards) and I’m grateful that we had healthcare and education made available to us. If we hadn’t, I’d probably still be living in Bundaberg, either unemployed or doing some kind of manual labour. I’m not suggesting there is anything wrong with those things, but it was only because I had a decent education that I could explore other opportunities.

Yes – growing up poor made me hungry. And in my 20s that was a hunger to be rich. In my 30s and 40s that turned into a hunger to improve the system.

What people like Romney don’t understand is that altruism is about enlightened self-interest. If you build a strong society of people with a decent education and decent healthcare, you will get rewarded a thousand-fold. These people will become the next generation of doctors, inventors, engineers, artists, authors, journalists, film-makers, musicians, scientists and historians that improve society for all of us.

(HT to @NikolasKozloff for the NYT link)