Editing Openai/69640cff-e5e0-8003-a8d1-a78b118ca18b (section)

=== User: What does the research literature show on whether the United Kingdom reaps net welfare gains from low-skilled immigrati… ===
What does the research literature show on whether the United Kingdom reaps net welfare gains from low-skilled immigration? Keep in mind that some initiall low-skilled workers eventually go on to acquire skills and earn more. And do not confuse pecuniary vs. non-pecuniary externalities. For instance, if home prices go up that is a capital gain to (mostly domestic) landlords, not a cost for the economy as a whole. Do not make the mistake of thinking the calculus for the government budget reflects the gains and losses to the economy as a whole. Do survey this literature, and feel free to add your own thoughts as well.