There have always been disagreements over immigrants. Some people do not want outsiders in their country thinking that they will use their resources. However, this article will explain the positive effects of immigration on a country. In 2021, people have stopped traveling because of the pandemic. People migrate in hopes of a better future. Some migrants who worked in other countries have not been able to go back. Many of them have even lost their work permits. You can read more about the application for work permit. The United States has the most number of immigrants, 51 million to be precise. We will look at the positive effects of immigration on the United States.
Effect on Population
In the last decade, the United States experienced the slowest population growth since the 1930s. Immigration laws have also been more strict and the number of incoming immigrants has decreased significantly. Immigrants are only 13% of the total population. However, FWD.us thinks that immigration should be doubled to compete with other economies.
Effect on Education
Some people think that the migrants are not well-educated and do not have any skills to offer. Whereas, this is not true. It is reported that 43% of the immigrants who arrived in the United States in the last decade are college graduates. It is more than the people born in the United States. Immigrants tend to go towards entrepreneurship which makes the workforce flexible and new businesses are always good for the economy.
Effect on Economy
I have heard people say that immigrants are a burden on the American economy. The economy will be stronger with fewer immigrants, but this is not true. Experts believe immigrants are necessary for the United States to remain competitive and grow economically. Immigrants are entrepreneurs, business owners, and buyers with massive spending power. These factors drive the American economy and create jobs for all Americans. In 2018, the immigrants in the United States had a total net worth of 1.2 trillion dollars. They paid a total of 458 billion dollars in taxes the same year. Decreasing the number of immigrants will have a negative effect on the American economy. You can find the complete details about Foreign Worker Quota.
Effect on Taxes
Immigrants paid a total of $458 billion in taxes in 2018. These taxes fund the schools, hospitals, and other things. The tax revenue increases and thus improves the lifestyle of the people. Not to mention, the positive effects on the economy. There would be fewer working-age adults if immigrants were not allowed to enter the country. They would end up making up a smaller percentage of the total population.
Immigration helps the Aging Population
As mentioned above, the birth rate of the United States has dropped significantly in the last decade. A low birth rate can result in a shrinking labor force, lower demand in certain companies such as housing (and lower home prices as a result of lower demand), and a slower, less diverse economy. Immigrants, on the other hand, can mitigate these consequences. Furthermore, due to low population growth and the aging of Generation X, immigrants are improving the worker-to-retiree ratio. They also support Generation X in their retirement years.
International students contribute significantly to College and university campuses. Their drive and ambition, innovative thinking, and consumer spending benefit the United States. They spend billions of dollars as buyers, pay much higher tuition costs to subsidize domestic students. These factors support the local economy. International Students spend a total of billions of dollars annually.
Giving Citizenship to Immigrants
Providing citizenship for the estimated 11 million unregistered immigrants in the United States would increase their earnings and spending power. As a result, boosting US GDP by $1.2 trillion in the next decade. If the United States provided a path to permanent resident status and citizenship for currently undocumented immigrants; it will add over 200,000 jobs to the economy annually.
There are many people who believe that deporting immigrants will be good for the American economy. In reality, it is the opposite. Deporting 11 million people would negatively impact countless American families and create huge social consequences, in addition to the shocking emotional damage of dividing millions of American families. Closing the borders would cost the economy nearly $8 trillion over the next 14 years. It will put the real estate market in jeopardy. Furthermore, it would take up to 20 years and probably between $400 and $600 billion to US taxpayers.
The United States has long become a place of refuge for those forced to flee conflict, crushing poverty, and oppression. People might think that refugees are a burden to the economy and the taxpayers. On the other hand, the truth is that 70% of refugees are of working age and contribute to the economy.