George Soros, one of the world’s richest, and European Commission president Jean Claude Juncker put pen to paper to write an introduction to the just-released “Future of Europe” report and claim: the European Union needs more, not fewer, migrants into order to compete on the business level with the United States.
“To match the U.S. labor growth rate, the EU needs 1.8 million additional immigrants (of working age) annually for the next 10 years,” Soros and Juncker wrote in the introductory portion of the document, Breitbart reported.
The report, published by UBS, was written by analysts who work in the mega-bank’s chief investment office. And its basic findings were clear: Mass migration may damage the culture of western civilization, but in order to preserve big business, must be tolerated and even fostered, just the same.
The big draw of migration: cheap labor, the report authors indirectly suggested.
Or, as Breitbart’s Raheem Kassam put it: “In other words, the migrant crisis – while a nightmare for Western Civilization, for towns and cities across Europe and for European security – is perfect for those who want more cheap labor on the continent. This point is accidentally underscored by the authors’ own inclusion of tables that reveal the unemployment rate in Europe was 10.2 percent in 2014, while just 6.2 percent in the United States.”
Europe’s economy has nonetheless been sluggish for some time, especially when analyzed through the lens of labor participation rates.
According to report authors, welcoming migrants, not turning them away – despite the fact many have been linked to sexual attacks on women, particularly during New Year’s Eve celebrations, as cited by WND – is the key to solving fiscal challenges.
“The dysfunctional reaction of Europe to the refugee crisis and the related chaos at its borders has not improved its image as a highly desirable destination for immigrants,” the report concluded, Breitbart reported. “What’s more, our estimate that 1.8 million additional net immigrants of working age are needed annually to match U.S. labor growth dwarfs the number associated with the current European refugee crisis, estimated at one million last year.”
The Financial Times points out a fallacy of relying on these numbers to paint any type of accurate picture of economic benefit from immigration, by asking the simple question: What about the number of family members these European migrants “send home for” and reunited with on EU lands?
Soros, who presents as a philanthropist for various causes around the world, has been widely condemned in conservative circles as antithetical to free-market economies.
Hungary Prime Minister Viktor Orban called Soros in remarks reported by WND in October one of several “activists” bent on taking down the European Union via mass immigration.
Orban said in late 2015 of Soros: “His name is perhaps the strongest example of those who support anything that weakens nation states. They support everything that changes the traditional European lifestyle.”