That being said, I am relatively unconcerned about the fiscal effects of this given 1) dependents are allowed to work in the UK (unlike in the US), 2) cohort wages look decent through 2023, and 3) labor force participation for non-UK born remains higher than for the UK born (through 2025).
You’re correct that I accidentally used the 2023 work visa total instead of 2024 work visa total.
I’ll edit. As per my bug bounty policy, I’ll also donate $10 to a charity of your choice: https://www.laurenpolicy.com/p/announcing-a-bug-bounty-for-this
That being said, I am relatively unconcerned about the fiscal effects of this given 1) dependents are allowed to work in the UK (unlike in the US), 2) cohort wages look decent through 2023, and 3) labor force participation for non-UK born remains higher than for the UK born (through 2025).