The Role of Immigrants on the Economy According to Congress
Congressional research reveals the real impact of immigration in the US
The Joint Economic Committee of the US Congress recently released a research called “Immigrants, the Economy, and the COVID-19 Outbreak,” which reveals the real impact of immigrant communities during the current health crisis on the local economic system.
The report analyzes several key points, such as:
- The immigrant labor force.
- Front-line and essential workers.
- Exposure to the Coronavirus.
- The economic impact of COVID-19.
- Entrepreneurship and opportunity.
One of the members of the Joint Economic Committee, Congressman Don Beyer, was in charge of leading the investigation and exposes in detail the role of immigration since the founding of the nation, when immigrant communities were also essential to create “a dynamic and growing U.S. economy.”
Apart from that, Beyer assures that, throughout history, immigrants have contributed greatly to the socioeconomic development of local companies, created new businesses through entrepreneurship projects, boosted the economy and created jobs for the American population, even more so now during the health emergency generated by the global Coronavirus pandemic.
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The pillars of research
The congressional investigation exposes multiple key facts with official immigration figures, which were taken into account for the development of the analysis.
Let’s look at some key facts:
- There are currently 46 million foreigners in the US, which means that 1 in 7 people is a foreigner.
- Due to the health crisis, 6 million foreign workers lost their jobs.
- About 25% of new businesses in the US are created by immigrants.
- A considerable percentage of immigrants work in the health sector and, therefore, are essential during the sanitary emergency.
- 22% of workers in the US food supply chain are immigrants.
Adding to that, the investigation also takes into account undocumented immigrants, who normally work in important sectors of the local market and are also essential to the economy.
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The conclusions of the investigation
Research reveals that “Immigrants play a vital role in the American economy. One-sixth of U.S. workers are foreign-born and approximately one-quarter of new U.S. businesses are started by them.”
The global Coronavirus pandemic allowed us to understand the role of immigrants in the economic system, not only locally, but also globally. They are workers in essential sectors of the market, they constantly innovate, create entrepreneurship projects, are paramount to local businesses and grow the food that reaches the tables of American families on a daily basis.
Adding to that, the research also concludes that in order to overcome the crisis brought by the COVID-19 pandemic, the federal government must expand benefits and opportunities for foreigners to come to the US and boost the economy.
Therefore, the Biden administration now has the responsibility to transform the local immigration system to restore the economic balance and, at the same time, protect the American population.
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