Xenophobia means higher interest rates, less investment and fewer jobs
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Xenophobia means higher interest rates, less investment and fewer jobs One of the recurring claims in anti-migrant politics is that foreigners take jobs, lower wages, and contribute little to their host society. These claims are, quite simply, contrary to the evidence. Overall, migration is good for growth, and good for job creation.
- ▪Xenophobia means higher interest rates, less investment and fewer jobs One of the recurring claims in anti-migrant politics is that foreigners take jobs, lower wages, and contribute little to their host society.
- ▪These claims are, quite simply, contrary to the evidence.
- ▪Overall, migration is good for growth, and good for job creation.
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Xenophobia means higher interest rates, less investment and fewer jobs One of the recurring claims in anti-migrant politics is that foreigners take jobs, lower wages, and contribute little to their host society. These claims are, quite simply, contrary to the evidence. Overall, migration is good for growth, and good for job creation. By Sim Tshabalala 24 Jul 2026 Simpiwe Sim Tshabalala is the Chief Executive of Standard Bank Group and Chief Executive of the Standard Bank of South Africa, a subsidiary of the Standard Bank Group.
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