'Average Wage Across the Economy Would Decline for the First Decade', Says Analysis on Immigration Reform CBO Report
CNBC's senior editor, John Carney, analyzed the Congressional Budget Office's immigration bill report and found that wages across all skill levels would decline for the first ten years after comprehensive immigration reform passed.
Along with a nationwide wage decline, Carney says that according to the CBO report, unemployment would initially rise after a CIR would pass.