Recent discussions and analyses highlight the significant impact of immigration on the U.S. economy, with a consensus among economists, Wall Street, and research institutions that immigration is a key driver of economic growth. JPMorgan's head of research and other experts argue that immigration has been beneficial, contributing to the U.S. outperforming economies like China and Japan. The Congressional Budget Office estimates a $7 trillion GDP boost over the next decade due to immigration. Wall Street Journal reports suggest that immigration is helping the U.S. gain an edge over Asia by addressing labor shortages and capping inflationary pressures. Moreover, Goldman Sachs estimates that above-trend immigration will boost potential growth by approximately 0.3 percentage points to 2.1% this year. The role of immigrants in innovation is also significant, with them being responsible for 36% of aggregate innovation in the U.S. Despite political divisions, the economic advantages of immigration, including filling vital roles and driving innovation, are widely acknowledged.
Fact: Embracing immigration isn't just the right thing to do – it's also incredibly beneficial for our economy. https://t.co/tLRegOmOwp
Advocates of legal immigration say foreign-born workers have long been a key factor in U.S. economic growth. But are they sharing in the benefits of their contributions? https://t.co/Vp4NuMOjTe
The United States is growing more slowly than at any point in its history—if immigrants enter through a legal and orderly process, the US can handle a much larger immigrant population. https://t.co/Wsh3AamJIy #CatoImmigration https://t.co/W1UozKCB7m
Only 14% of US residents are immigrants. But immigrants are responsible for 36% of aggregate innovation. Two-thirds of this contribution is due to their innovation externalities on their native-born collaborators. Immigration is America’s superpower. https://t.co/0ltQCdMzeA
Advocates of legal immigration say foreign-born workers have long been a key factor in U.S. economic growth. But are immigrant workers sharing in the benefits of their contributions? @johnyangtv speaks to ProPublica's @msanchezMIA for more. https://t.co/lKO1jtVIK1
🇺🇸 #Immigration Is Fueling US Economic Growth While Politicians Rage - Bloomberg https://t.co/Q7M0f36kuN https://t.co/cdTqqT8qv6
GS estimates above-trend immigration in ‘23-24 will boost potential growth by ~0.3 pct pts to 2.1% this year https://t.co/dzzHR5BM35
The US economy is powered by the hard work, talent, and entrepreneurial spirit of immigrants. They fill vital roles, start businesses, and drive innovation, propelling our nation forward. Let’s recognize and appreciate their invaluable contributions. https://t.co/UxmaAcADdF
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 the #2 issue and Trump is destroying Biden on it! https://t.co/VAcW7XOBkw
Trump is doing very well with minorities and I'll tell you why. They are PISSED at all the free stuff Biden is giving illegals! https://t.co/KOUGIUuo9f
Immigration Is Helping the U.S. Edge Out Asia https://t.co/hNK5SLdPTZ
The question is not whether immigration is good or bad, but how it can yield benefits for both destination countries and foreign workers, observes @SonaMuzikarova. https://t.co/gvgMptI2IV
"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
Significant portion of progress in the US is because of legal immigration that politicians do nothing to help increase because primary voters care about borders more than STEM https://t.co/HAqjtrbzyY
"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
Last month, the nonpartisan Congressional Budget Office calculated that immigration will generate a $7 trillion boost to GDP over the next decade. The agency came to that conclusion after incorporating the recent surge in immigration. https://t.co/idYwCyRlZG
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