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Add Ecuador to a growing list of South American countries beginning to close or significantly restrict mass migration spilling over their borders, a tragic consequence of the chaos and corruption that has plunged over 90% of Venezuela's population into poverty. It is estimated that by the end of this year, over 5 million Venezuelens will have fled their homeland.

Just about everything the American people are told by the corporate media promotes the idea that there is only an upside to mass immigration. A review of the academic literature reveals a large body of work detailing the benefits and costs of immigration. For some strange reason, only the former tends to receive wide-spread coverage.

The official unemployment rate is at an "historic low" and job growth is encouraging. There is, however, more to the story. Wage growth remains sluggish and there is still a lot of "slack" in the labor market, meaning the claims of a labor shortage are attempts by employers to undo the recent gains made by American workers.