Immigration to the United States California and the Southwest. With the exception of Mexican immigrants, most immigrants from the Caribbean and Latin America settled along the East Coast, primarily in Florida and New York. As in the past, most of these immigrants worked in low-wage service sectors or agricultural jobs. A large wave of Cuban-American refugees seeking political asylum has entered the country. Many settled in Miami and New York. During the 1960s the country saw a major tax cut and a drop in the unemployment rate. However, increased government spending caused another recession in the 1970s, which was not brought under control until the mid-1980s. The early 1970s marked the weakest post-World War II American economy. The increase in inflation, unemployment and the increase in public spending marked the period. During the Carter administration, the term stagflation, a combination of stagnation and inflation, was introduced to the nation. Oil prices multiplied. The rate of economic growth has slowed. Inflation rose rapidly. When Ronald Reagan took office in 1981, he introduced Reaganomics, or cutting taxes and increasing production. Reagan's economic policy was based on the idea that investment in industry and consumer spending would ultimately increase tax revenues. The Gulf War and tax increases to reduce the federal deficit marked the Bush era. During this period, hundreds of thousands of immigrants entered the country as a result of lenient immigration laws. However, many of these more recent immigrants were well educated. Many immigrants have high levels of educational achievement, and their children have thrived by attending American public schools. Today, during the Clinton administration, the nation enjoys a booming economy. The unemployment rate is at historic lows and immigrants are once again impacting the economy. Many immigrants work in cutting-edge technology jobs in an information age economy. Companies in Silicon Valley, California have reduced the price of computer MIPs and memory bits by a factor of about 10,000 over two and a half decades. Over a third of the workforce in Silicon Valley is made up of immigrants. Cultural changes and economic conditions periodically give way to anti-immigrant sentiment in this country. More recent arrivals may have more difficulty finding work than those at the turn of the century, a time of industrial boom and non-mechanized farms. One cannot help but note, however, that our country continues to be a nation of immigrants.