According to economist, it is believed that the recent surge in immigration following the 2021 pandemic is a driving reason behind the economic boost in the U.S. job market. All without causing significant inflation. The increase of immigration has caused employers to fill job positions at levels of pay that have not increased the overall price levels. In turn, the growth of the labor force has helped companies meet stronger consumer demand. Economist also believe that immigrants who are authorized to work within the U.S. spend a large portion of their pay which will further increase consumer demand.
Source:
https://www.nbcnews.com/business/economy/immigrants-are-helping-us-job-market-grow-without-affecting-inflation-rcna146570
2 comments:
With immigration helping the economy, what do you think the government should do to make sure it keeps benefiting everyone?
I wonder what impact the result of the upcoming election will have on immigration for the United States, and if the potential change will have a negative impact on the economy.
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