AlBUNDY4TDS Posted February 9 Share Posted February 9 8 minutes ago, Tiberius said: I guess Trump shouldn't have killed the deal to help at the border. Sad Almost as sad as you. Imagine being a grown ass man and choosing this as your personal crusade. Link to comment Share on other sites More sharing options...
Doc Posted February 9 Share Posted February 9 4 hours ago, Tiberius said: I guess Trump shouldn't have killed the deal to help at the border. Sad Trump killed Europe's border deal? Wow! Never mind that the criminals in the US came in awhile ago, when Dems were claiming "there's no border crisis!" Link to comment Share on other sites More sharing options...
Tiberius Posted February 27 Author Share Posted February 27 https://www.washingtonpost.com/business/2024/02/27/economy-immigration-border-biden/ Immigration has propelled the U.S. job market further than just about anyone expected, helping cement the country’s economic rebound from the pandemic as the most robust in the world. That momentum picked up aggressively over the past year. About 50 percent of the labor market’s extraordinary recent growth came from foreign-born workers between January 2023 and January 2024, according to an Economic Policy Institute analysis of federal data. And even before that, by the middle of 2022, the foreign-born labor force had grown so fast that it closed the labor force gap created by the pandemic, according to research from the Federal Reserve Bank of San Francisco. Get a curated selection of 10 of our best stories in your inbox every weekend. Immigrant workers also recovered much faster than native-born workers from the pandemic’s disruptions, and many saw some of the largest wage gains in industries eager to hire. Economists and labor experts say the surge in employment was ultimately key to solving unprecedented gaps in the economy that threatened the country’s ability to recover from prolonged shutdowns. “Immigration has not slowed. It has just been absolutely astronomical,” said Pia Orrenius, vice president and senior economist at the Federal Reserve Bank of Dallas. “And that’s been instrumental. You can’t grow like this with just the native workforce. It’s not possible.” Yet immigration remains an intensely polarizing issue in American politics. A record number of migrants have crossed the southern border since President Biden took office, with apprehensions topping 2 million for the second straight year in fiscal 2023, among the highest in U.S. history. Cities like New York, Chicago and Denver have struggled to keep up with busloads of immigrants sent from Texas who are overwhelming local shelters. Whoever wins the election will take the helm of an economy that immigrant workers are supporting tremendously — and likely will keep powering for years to come. Fresh estimates from the Congressional Budget Office this month said the U.S. labor force in 2023 had grown by 5.2 million people, thanks especially to net immigration. The economy is projected to grow by $7 trillion more over the next decade than it would have without new influxes of immigrants, according to the CBO. Link to comment Share on other sites More sharing options...
Tiberius Posted April 4 Author Share Posted April 4 Lately CNBC has been declaring the huge benefits immigration is doing for the economy. It's pretty obvious to those who watch these things that our economy is humming along in large part because foreign labor is allowing businesses to expand and create more goods and services. https://www.cnbc.com/2024/03/02/immigration-taking-pressure-off-the-job-market-us-economy-expert.html * Foreign-born workers made up 18.6% of the civilian labor force in 2023, up from 15.3% in 2006, according to Bureau of Labor Statistics data. *While immigration poses some challenges, it’s a net benefit to the U.S. economy, economists say. * Without foreign-born labor, the U.S. labor pool would shrink because of lower birth rates and an aging workforce, making it harder to finance programs such as Social Security. The share of immigrants in the U.S. labor force has steadily increased for more than a decade, and that growth is poised to continue — a trend economists say benefits the American workforce and economy. In 2006, 15.3% of the civilian labor force was made up of “foreign-born” workers, or those born outside the U.S., according to the U.S. Bureau of Labor Statistics. That share hit a record 18.6% in 2023. Mark Zandi, chief economist at Moody’s Analytics, said the increase in foreign-born workers is “taking pressure off the economy.” “In fact, it’s probably one reason why the economy grew so strongly last year,” he said. U.S. gross domestic product, a measure of economic output, grew by 2.5% in 2023, beating expectations and increasing from 1.9% in 2022. The problem is that native-born U.S. households are having fewer children and the baby boom generation is aging out of the job market, economists said. Absent immigration, such dynamics would cause a long-term shrinking of the U.S. population and labor force, while social programs would require greater tax revenue to support more retiring seniors. The Congressional Budget Office, or CBO, a nonpartisan federal agency, predicts U.S. deaths will exceed births starting in 2040, at which point immigration will account for all population growth. “When you just consider the native-born population, we’re seeing very little labor force growth because of the aging population and low birth rates,” said Jack Malde, senior policy analyst at the Bipartisan Policy Center. Link to comment Share on other sites More sharing options...
BillsFanNC Posted April 4 Share Posted April 4 Link to comment Share on other sites More sharing options...
Recommended Posts