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The Washington Post applauds immigration for creating employment that pay more and stimulating the “roaring” economy

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Financial experts quoted in The Washington Post claim that immigration has helped the economy by thousands of people accepting positions that would not have been filled otherwise.

An examination of government statistics by the Economic Policy Institute, which was quoted by the Washington Post on Tuesday, indicates that foreign-born workers accounted for about half of the US labor market’s robust growth in 2023.

According to data released this month by the Congressional Budget Office, immigration had a major role in the 5.2 million increase in the labor force in the United States last year.

‘Immigration has not slowed. It has just been absolutely astronomical,’ Pia Orrenius, vice president and senior economist at the Federal Reserve Bank of Dallas, told the Post.

‘And that’s been instrumental. You can’t grow like this with just the native workforce. It’s not possible.’

The article omitted to discuss the disastrous impact the crisis is having on southern border towns or the growing number of crimes committed by immigrants in the United States.

According to the study, foreign workers hold 20% of the positions in construction, banking and real estate, and education and health services.

An 18% immigrant workforce also supports the hospitality and food services industries.

The CBO projects that over the next ten years, economic growth will exceed that in the absence of new immigrant arrivals by $7 trillion.

These numbers do not differentiate between legal immigration and illegal entry into the nation, which is a contentious subject for voters ahead of the 2024 election. Neither do most official data on the economic impact of foreign-born residents.

For the first time since 2019, Americans now view immigration as the nation’s top issue, according to a new Gallup poll released Tuesday morning.

It comes after a spike in unauthorized border crossings since 2022, a crisis that has taxed government resources and burdened the communities that take in the migrants, like as New York, Chicago, and Boston.

The surge in asylum-seeking migrants has put a strain on taxpayers and presented difficulties for officials responsible with providing for their basic requirements, while many of them suffer protracted delays in obtaining worth authorization.

In parallel, the State Department has been issuing visas for legal immigration, which has increased recently and brought levels of immigration back to those before to COVID-19. This has fueled economic growth.

The precise percentage of immigrants in the US today who are not authorized is unknown.

However, according to Pew Research Center estimates, just 22% of the nation’s foreign-born population was in the US illegally in 2021.

In contrast to previous decades, the number of illegal immigrants decreased by 14% between 2007 and 2021, while the number of legal immigrants increased by 29% during that same period.

A Congressional Democrat on the Joint Economic Committee stated that in 2021, immigrants accounted for roughly 15% of the US labor force.

However, they were overrepresented in a number of important job sectors, such as construction (20%), finance and real estate (20%), and education and health services (20%).

When the Federal Reserve continued to raise interest rates in an effort to control inflation, the majority of analysts believed that the US economy was about to enter a recession a year ago.

However, the Economic Policy Institute reports that although the unemployment rate has stayed low, the economy has continued to grow by generating new jobs, with foreign-born workers accounting for around half of those jobs last year.

‘The reality is that the economy does not have a fixed number of jobs, and what we see today is a growing economy that is adding jobs for both immigrants and US-born workers,’ EPI analysts Daniel Costa and Heidi Shierholz wrote in a recent blog post.

‘The reality is that the labor market is absorbing immigrants at a rapid pace, while simultaneously maintaining record-low unemployment for U.S.-born workers,’ they added.

Analysts point out that in some economic climates, salaries for American workers vying for the same occupations may be lowered by foreign-born workers who are willing to take lower wages.

However, the last several years have seen an exceptionally competitive labor market, with companies scrambling to fill positions.

A Federal Reserve Bank of San Francisco investigation found that immigration eased tight labor markets and helped meet demand for workers.

Analysts point out that in some economic climates, salaries for American workers vying for the same occupations may be lowered by foreign-born workers who are willing to take lower wages.

However, the last several years have seen an exceptionally competitive labor market, with companies scrambling to fill positions.

A Federal Reserve Bank of San Francisco investigation found that immigration eased tight labor markets and helped meet demand for workers.

The libertarian Cato Institute’s vice president for economic and social policy studies, Alex Nowrasteh, concurred with the Post that it would be difficult for immigration to affect the majority of American workers.

‘What it can do is lower the wages of a specific occupation in a specific area, but American workers aren’t stupid. They change jobs.

‘They change what they specialize in,’ Nowrasteh said. ‘So that’s part of the reason why wages don’t go down.’

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Dulal Ahmed Chowdhury

Dulal Ahmed Chowdhury is the Editor of The Daily Dazzling Dawn. Previously, he has been serving in important positions in all the famous national dailies of the Bangladesh since the nineties. He has played a commendable role in journalism by participating in various events at the national and international levels. United Nations Conference, World Climate Conference, SAARC Summit are notable among them.

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