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Immigration Helps The US Economy.

Posted on 10th April 2024

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This report on MSNBC describes a new analysis which shows that "the large increase in [US] immigration in recent years is a major part of why the U.S. has recently experienced extraordinary economic growth compared to peer nations".

Immigration is a contentious topic around the world, especially in the USA. Many citizens in most countries do not want immigration, even when those citizens are themselves immigrants. At the same time there are critical skill shortages in most developed nations, and those same nations have a demographic problem (too many retirees in their populations, making it hard to fund pensions).

This latest analysis shows that "absent immigration, the US labor supply would have shrunk by 1.2 million since 2019. Instead, it expanded by 2 million". Immigration accounted for 20% of US economic growth since 2020, causing the country to outperform all other G7 economies.

I really think it is time for politicians around the world to have the courage to address the racism and fear amongst their voters, and start persuading people to accept immigration.