Net Migration Levels Affect the Labor System
Decline in immigration hurts labor system
According to a recent Forbes report, the decline in net migration levels that has taken place since 2016 has tremendously affected the US labor system.
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Census Bureau Figures
Official Census Bureau figures reveal that foreign immigration has dropped considerably over the past few years due to multiple influential factors such as:
- Changes in migration dynamics from Puerto Rico after 2017.
- Increased migrant departures from the US since the onset of the pandemic.
- Decline in immigration case adjudication in the wake of Trump’s hardline policies.
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How does the lack of immigration affect the local market?
The Census Bureau’s analysis concludes that, with the high retirement rates across the US, the decline in immigration levels could not come at a worse time.
The sizable reduction in net immigration could represent a very large price to the national economy, and it already is.
In fact, the Census Bureau estimates that, if immigration levels continue on this worrisome trend, there will not be enough workers available to protect the retiree population by the end of the decade.
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Raising Immigration Levels is a Priority
Census Bureau data suggests rethinking the US government’s approach to immigration before it is too late.
Other countries such as Canada and China understand the importance of attracting talent from abroad and could change the course of history when it comes to world leaders. Therefore, it is absolutely important not to be left behind.
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Migrating with expert guidance is the right solution
It is no secret that starting an immigration process in the US is not always the easiest task. However, our team of experts really simplifies the process for you and can provide constant accompaniment during your immigration journey. Please don’t hesitate to contact us for a FREE Phone Consultation with one of our expert immigration attorneys.
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