Economic Benefits of Immigration in the United States
Legal Immigration Benefits Economy: Expert
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One of the first and most prominent stances on immigration being a positive aspect are the benefits we see economically. Immigrant entrepreneurs and professionals contribute significantly to job creation and innovation in the United States. This analysis shows the striking propensity of immigrants to start and grow successful American companies, particularly in the technology field.
A study by the National Venture Capital Association found, “Over the past 15 years, immigrants have started 25 percent of U.S public companies that were venture-backed, a high percentage of the most innovative companies in America.” Some of the companies started by immigrants include Intel, Solectron, Sanmina-SCL, Sun Microsystems, eBay, Yahoo!, and Google. Most these companies are probably ones you are familiar with and because of this they give a strong claim for the benefits of immigrants. |
Another claim to support the economical benefits of immigration is the increase in GDP and increase in jobs available. In a study done by the National Economic Council, studies affirm that an immigration reform bill will increase real GDP relative to current law projections by 3.3 percent in 2023 and 5.4 percent in 2033 – an increase of roughly $700 billion in 2023 and $1.4 trillion in 2033 in today's dollars. A large labor force; higher productivity and investment; and stronger technology, tourism, hospitality, agriculture, and housing industries are just some of the key ways that immigration reform strengthens the U.S GDP. On top of that evidence that immigrants streamline the process for highly-skilled and highly-educated workers to come to the U.S and build businesses that create jobs for Americans. In addition, it encourages companies to locate, invest, and expand here in the U.S which means more jobs and money in the United States instead of oversees.
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Perspective |
It is easy to see that through such a perspective on economic benefits, this group of people with such opinions highly favor immigrants and their necessity. These stakeholders see immigrants as a key factor for economic growth and for this reason are motivated to pursue arguments on the topic ton insure their beliefs on the matter are not jeopardized.
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