The Unexpected Influence of Immigration on US Economic Growth in 2023
Wednesday, 10 April 2024, 10:00
The Role of Immigration in Economic Growth
Policymakers and experts point to immigration as a key driver of US economic success in 2023.
Immigration Data's Impact on Labor Market
- Conflicting data from government agencies led to surprising job market strength.
- Larger labor force due to immigrant influx helping to avoid recession.
- Increased workforce size contributing to low inflation rates and spike in productivity.
Immigrants' lower wages compared to natives can influence employment costs and overall output.
Advocates Highlight Immigrant Contributions
- Marisa Calderon emphasized immigrant job growth in key sectors like construction and hospitality.
- Immigrants played a crucial role in filling job gaps and stabilizing the economy post-pandemic.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.