President Donald Trump has thrown his support to the Cotton-Perdue bill to restrict legal immigration of low-skilled workers into the US by as much as 50 percent on the grounds it would raise the wages of American working families. That’s not what the economic evidence is showing, however. The only academically solid study of the impact of reducing legal immigration ...

Japan has served its time as a symbol of economic failure. Its latest growth surge puts it in a welcome new role. The country’s demographics, according to conventional wisdom, are supposed to be bad for the economy. Instead, Japan unexpectedly shot to the top of Group of Seven club, with its gross domestic product notching 4 percent annual growth last ...

President Donald Trump takes economic indicators seriously, except when he doesn’t. He’s boasted that recent stock market highs endorse his leadership; before the election, he said it was all a bubble. In the same way, before he took office, low unemployment was a phony number that meant nothing; now it’s a sure sign of success. In general, stock-market performance is ...