Posted 4/7/2024, 11:17:00 AM
Immigration Surge Helps Economy Grow by Easing Labor Shortages Without Raising Inflation
- Immigrants are helping to expand the U.S. labor force without raising inflation
- More immigrants means employers can fill open jobs without raising wages significantly
- Groups like Goldman Sachs and Congressional Budget Office cite immigration surge as letting economy grow faster without overheating
- Immigration puts strain on state and local budgets but is usually an economic net positive
- Majority of new immigrants are authorized to work in U.S., helping supply labor and increase demand