Blacks, immigrants and yesterday's jobs

Peter Drucker:

What we have been going through these past three years is most definitely not a recession. It's a transition--a transition with a lot of incongruities. Let me tell you a simple incongruity. We are going to have both fewer young people because of our own birth rate, and yet more young people because of immigration. For educated American young people there is no recession. But the immigrants have a mismatch of skills: They are qualified for yesterday's jobs, which are the kinds of jobs that are going away.

This also is especially hard on uneducated urban American blacks. Their great ladder of opportunity since World War II is going away.

Hat tip, Steve Sailer!

Peter Drucker On Low Skilled Immigration