Recent discussions emphasize the significant role of immigration in bolstering economic growth in wealthy nations, particularly the United States. The OECD has recently upgraded its global economic outlook, attributing part of this improvement to high immigration flows which enhance job markets and overall economic expansion. In the U.S., the surge in immigration is projected to increase the economy's size by 2% over the next decade, indicating a substantial impact beyond mere GDP growth. However, experts, including @didaoh, point out that current immigration systems are primarily designed for individuals already established in their careers rather than attracting potential future leaders. This has sparked calls for a reform to better harness the potential of young, promising talents worldwide.
Immigration is surging in many countries with economic tradeoffs, particularly in housing because of regulated supply of building it and safety net programs because they’re too expansive. Most are fleeing places of hardship for prosperity. https://t.co/T09DbG9s86 @TheEconomist
America’s immigration surge means its economy will be 2% larger over the next decade than had been forecast. The influx of workers helps explain its strong economic growth. But their impact goes well beyond an arithmetic effect on GDP https://t.co/dHHbNA6dD8 👇
High flows of immigration into rich countries are helping to strengthen jobs markets and bolster growth, the OECD said, as it lifted its outlook for the global economy. https://t.co/D1FvfHWOu5
We could be doing much better at recruiting the world's most promising young people to build their careers here Our immigration system is mostly designed for people already established—not future superstars In a new piece, @didaoh and I discuss how to fix this huge blindspot⬇️ https://t.co/gPGCyD0ayH
For hundreds of years the smartest and most ambitious people in the world have moved to America. Immigration is the wellspring of dynamism and economic performance. The high growth rates in other parts of the world are simply countries catching up to the abundance and prosperity… https://t.co/nZ3mm2uRK9