What is the real impact of immigrants on the economy?

Immigrant communities have always been a part of the American culture and, clearly, they have also become a backbone of the nation’s socioeconomic fabric. This is because most foreigners do not come to the country just to visit or for tourism, but have a strong intention to work, study, support their loved ones abroad, and find economic consistency, something they may not be able to access in their countries of origin.

However, despite the fact that immigrants are an active part of the national economic behavior, there has always been a question among the local population about whether their contribution is positive or negative. One part of the population thinks that foreigners take opportunities away from local citizens, while another part of the population thinks that foreigners are essential to the country’s economy. To answer this question, it is important to consider, what do official facts and figures reveal? And, what do the experts on the subject think?

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Facts, Arguments and Opinions

Now, let’s talk about some of the facts, figures, arguments and opinions that demonstrate and analyze the real impact of immigrants on the economy beyond political opinions, ideals or goals.

Let’s look at some key points:

• An investigation conducted in 2019 revealed that, between 2009 and 2019, there was a 54% growth in the local workforce thanks to immigrants. Adding to that, immigrants were also responsible for 42% of the net population growth in the US during the same period, which also stimulates the economy in the medium to long term.
• A recent report by Harvard Political Review reveals that foreign workers do not take job opportunities away from American citizens, despite this being a constant and redundant comment among anti-immigrant ideas.
• A recent study reveals that if the US does not expand and optimize its immigration network, it will no longer have the world’s largest economy by the end of this decade, but China will gain this status. This is because the presence of foreign workers in all kinds of sectors always brings vitality to any economy.
• An expert on the subject recently stated that, although the local unemployment rate is still quite high, the shortage of skilled workforce is affecting multiple sectors of the local market and companies are increasing the prices of their products or services, preventing the country from overcoming the current economic crisis. In his opinion, foreigners are the ideal solution to fill the labor gaps, which would also create more jobs for the local population.

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