Posted 4/7/2024, 11:17:00 AM
Immigration Fuels U.S. Workforce Growth Without Straining Economy
- Immigrants are helping to expand the U.S. labor force without raising wages and prices significantly
- More immigration has allowed strong economic growth and falling unemployment without reigniting high inflation
- Projections show immigration expanding workforce size, allowing faster job growth without inflationary pressure
- Immigration puts some strain on state and local budgets but is a net positive for federal finances and the overall economy
- Most new immigrants are authorized U.S. workers, increasing both labor supply and consumer demand