Over the last few years, immigration has become an extremely divisive topic. On one side are those that see bringing immigrants into the country as a positive that expands our cultural identity, while others are bent on keeping foreigners from entering the country and keeping things as they are now. One of the arguments that the latter group raises is based on the country’s financial strengths: those who want immigration halted say that those “huddled masses yearning to breathe free” cost too much and represent an economic drain. But studies have shown that the exact opposite is true, and that immigration is an essential component to our continued economic growth.
One of these studies was conducted by the National Academy of Sciences. Titled “The Economic and Fiscal Consequences of Immigration,” it cited three major reasons that immigrants represent a significant financial contribution to the growth of the U.S. economy. Those three reasons are entrepreneurship, human capital and labor force growth. Let’s take a closer look at each.
The National Academy of Sciences study concluded by saying, “Innovation carried out by immigrants also has the potential to increase the productivity of natives, very likely raising economic growth per capita. In short, the prospects for long-run economic growth in the United States would be considerably dimmed without the contributions of high-skilled immigrants.”
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