With the presidential election on the horizon, immigration policy will continue to spur heated debates. However, there really shouldnt be any debate to begin with. Immigration, legal AND illegal, is good for the economy.

This is the key misunderstanding that causes immigration debates as explained by an IMF (International Monetary Fund) publication, Over 60 percent of voters in the United Kingdom and the United States, 50 percent in Spain and Italy, and 40 percent in France and Germany think immigrants take jobs away from natives. No wonder politicians became more anti-immigration over the past decade as the financial crisis slammed labor markets in OECD countries. The article goes on to explain that migrants take jobs that natives are unable or unwilling to perform. And the most important benefit of migration is this: LOWER PRICES FOR CONSUMERS.

By opening up the labor market to the world, positions are matched more closely to the people that want them, and supply & demand are more closely aligned. For example, research shows the immigration-induced decline in the cost of child care and housekeeping has significantly increased the labor supply of skilled native women.

Immigrants play an important role in innovation and business creation. Highly educated immigrants receive patents at more than twice the rate of highly educated natives.

Low-skilled immigrants provide the benefit of lower costs for businesses which means lower prices for consumers. High-skilled immigrants increase job creation due to their increased rate of entrepreneurship, and they help provide domestic businesses with access to the high-demand technology and mathematical labor that they need.

Source(s):

Bloomberg-Rethinking The Immigration Debate

IMF: A Long Commute

Dallas Fed Article

SHOW YOUR SUPPORT FOR THE PRESIDENT AND FIGHT THE MAIN STREAM MEDIA BY SHARING NOW.
Share on Facebook
Facebook
Tweet about this on Twitter
Twitter
Share on LinkedIn
Linkedin
Share on Reddit
Reddit

Comments

comments