Recent analyses and comments from economists and financial research heads, including Nobel laureate Paul Krugman and JPMorgan's research boss, highlight the significant positive impact of immigration on the U.S. economy. Contrary to concerns about potential negative effects on American workers, immigration has been driving a surprisingly strong U.S. economy without harming the employment prospects of native workers. This influx of immigrants has not only helped the U.S. maintain its economic edge over countries like Japan and China, which are struggling due to declining populations, but has also been instrumental in capping inflationary pressures by expanding the workforce. Furthermore, immigration is credited with contributing to the U.S. achieving a 'soft landing' economically, outperforming other advanced economies. The consensus among Wall Street and economists is that immigration is a key factor in the U.S.'s current economic success, with benefits such as boosting growth, aiding in controlling inflation, and improving public finances for years to come. It's noted as President Biden’s biggest political liability and strength, and is helping the U.S. edge out Asia. JPMorgan forecasts even higher US GDP growth this year thanks to immigration.
Immigration has given the US an economic boost, while Japan & China struggle because of declining populations https://t.co/UgAx15viru Dumb idea: immigrants harm our economy. What harms our economy is foolish natives who think they entitled to a high income b/c they are Americans
“No advanced economy is benefiting from immigration quite like the US, and ‘the impact of migration has been an important part of the US growth story over the past two years.’” https://t.co/OAAUdpoHIn
Immigration is fueling US economic growth while politicians rage https://t.co/XJbgMvNwLd https://t.co/ziTfM6jIHp
JPMorgan's head of research says immigration is undeniably a "good thing" for the economy, as the bank forecasts even higher US GDP growth this year. https://t.co/b1xoDqUMhP
Immigration Is Helping the U.S. Edge Out Asia https://t.co/hNK5SLdPTZ
"JPMorgan: Immigration is boosting the U.S. economy and has been 'underestimated'" https://t.co/qldMj66YRS "From everything that we have seen, the revenues that are generated exceed the expenses." https://t.co/g3jVTgJ3Oz
The U.S. has another ace up its sleeve: big postpandemic immigration inflows Immigrants have helped cap inflationary pressures by expanding the workforce and will boost growth and public finances for years https://t.co/UpQ0I26aUI @WSJheard @MeghaMandavia @nate_taplin https://t.co/ac5p4LMXEH
"Immigration Is Helping the U.S. Edge Out Asia: Antipathy toward large-scale foreign labor is emerging as Asia’s Achilles’ heel" 💥🚀🇺🇸https://t.co/NrVJaK5Vjl https://t.co/5Zs7sWcLyW
Immigration Is Helping the U.S. Edge Out Asia - WSJ https://t.co/fmtMebfhjF
"Immigration Is Fueling US Economic Growth While Politicians Rage" https://t.co/7cmVlqJ7LK https://t.co/Tz7m6BVkYG
Immigration Is Biden’s biggest political liability — and strength? Some economists saying it’s the reason why US is outperforming China, Japan & others — and achieved a “soft landing” https://t.co/071e29UHZx
While immigration in the US sows division among politicians, almost everyone on Wall Street seems to be on the same, upbeat, page about the issue https://t.co/kPwzibBZ4K
JPMorgan research boss says immigration is benefiting the U.S. economy https://t.co/FZGRDrYZbU
Heard on the Street: Immigration has given the U.S. an economic boost, while Japan and China struggle because of declining populations https://t.co/1LjP4ukGNe https://t.co/1LjP4ukGNe
Immigrants are driving a surprisingly strong US economy, and it hasn't come at the expense of American workers, Nobel laureate Paul Krugman says https://t.co/Y2vNKfMfIk