The US Needs Immigrants to Protect Retirement-Age Population
The local birth rate dropped substantially
The US’ residents must participate every ten years in the National Census, which is an important tool to analyze population growth, birth rate, population density of each state, and for the local government to distribute seats in congress and allocate federal funds depending on the census results.
The most recent census took place in 2020, amid the global Coronavirus pandemic, and the results were released recently. Current figures have drawn the attention of experts and critics due to a substantial decline in the local birth rate and population growth.
In fact, the US’ population density has grown only 7.4% since 2010, the lowest figure in eight decades, since 1930. Adding to that, this rate is even more alarming because the world has now the possibilities to increase this number with the help of globalization, technology and international traffic.
The reason why the Census results could be quite worrying, in terms of population growth over the last decade, is because the economy is highly dependent on population density, and because there is a growing gap between the working-age population and retirement-age population.
The role of immigrants to protect retirement-age population
The Census Bureau estimates that by 2030, one in five Americans will be of retirement age, and if the birth rate or population density does not grow over the next several decades, there will not be enough local resources or working-age population to offer a good quality of life to retired citizens, putting the US economy at risk.
According to a recent Vox report, despite the Biden administration trying to increase the birth rate to balance the lack of a working-age population, the local birth rate will not reach the levels it needs to boost the economy when there are more retirees than active workers.
Therefore, the US has another alternative, and it is foreign workforce. In fact, throughout history, immigration has always brought wealth and well-being. For instance, in several European countries, economic strength is related to thousands of foreign workers and finds its vitality in international inclusion.
The US has also been able to witness the positive impact of immigration on the economy. However, between 2017 and 2021 (under the Donald Trump administration), immigration levels decreased considerably, further affecting population growth and the local economic system.
Therefore, to balance ever-slowing population growth, the Biden administration must expand legal immigration programs as soon as possible if it plans to avoid a negative impact on the economy.
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