Report – The impact of immigration on the economy
Immigration is one of the cornerstones of the US productive and labor system, state the Concord Coalition and the Global Aging Institute (GAI) in a recently released report.
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The influence of immigration on the economy’s future
For centuries, immigration has represented a considerable factor in the sustenance and functioning of the country’s economy. However, in recent decades there has been a phenomenon of declining immigration numbers, which has led to some considerable potholes in the long-term sustainability of one of the economies that, to this day, is still recognized as a world power.
Some of the data shown in the report by The Concord Coalition and The Global Aging Institute, talk about how the reduction of immigration in the long term could affect the growth of the Gross Domestic Product (GDP) and other factors that measure the economic evolution of each country.
Let’s look at some of the other elements considered:
- There has been a considerable reduction in the working-age population, from 1.7% per year in 1970, to only 0.8% since 2000.
- According to the Congressional Budget Office (CBO), the working-age population has an increase of only 0.2% per year which is specifically attributed to immigrant populations.
- Considering demographic figures, the retirement-age population would leave many jobs open during the next decade. However, the native-born population could fill only a percentage, yet a large proportion would remain unfilled. Therefore, immigration is the best solution to protect the economy.
As multiple immigration processes have changed over the past year, the best recommendation and decision when starting your immigration journey in the US or completing a pending process is undoubtedly to seek reliable help from experts who have the necessary and appropriate tools to lead you towards the success of your immigration application. Contact Motion Law Immigration, schedule a FREE Consultation and follow the advice of our experienced attorneys!
The contribution of immigrant workers to our dynamic economic
In addition to the above figures, the report also outlines other reasons why immigration could positively affect the dynamics of the economy, taking into account that, productivity growth, generated by service demands and labor supply, is be the key to the progress of the economy in the short, medium and long term.
On the other hand, immigration is a great alternative to contribute to the retirement-age population sustainability.
If you need help with an immigration case of any kind, Motion Law Immigration’s team can also help you. Contact us today and schedule a FREE Consultation!
Do you need help with an immigration case of any kind?
If you, a family member, or a friend need help with an immigration case, then feel free to contact Motion Law Immigration today and schedule a FREE Consultation with one of our expert immigration attorneys. Our team will be happy to guide you through your immigration journey in the US.
Please contact Motion Law Immigration today at: (202) 918-1799.