The recent surge in immigration to the US is prompting economists to revise their forecasts and examine its broader impacts on the economy. This influx has led to significant effects such as stronger hiring trends and increased housing demands. Additionally, both legal and illegal immigration contribute to household formation and spending, which in turn supports US GDP growth. This is in contrast to the more muted or bearish outlooks from Wall Street banks since the end of 2022. A new report from the National Bureau of Economic Research highlights the positive influence of immigration on wages, particularly for the less educated, showing a wage increase of +1.7 to +2.6%, due to the complementary skills and educational backgrounds of immigrants.
Also Migrating From Latin America: A Wave of Urban Innovation @markets https://t.co/ym3WVW0Li0
New from Cato Economics: Weak GDP readings might signal underlying problems for the U.S. economy, but the growing demand for imported goods for U.S. households and companies isn’t one of them. Read more here from @scottlincicome and @DanielGriswold https://t.co/bNbnck2YrT
CityLab Daily: US cities have a lot to learn from Latin America https://t.co/IW9JzPFQNT via @citylab
CityLab Daily: US cities have a lot to learn from Latin America https://t.co/JyA5vrqzbx
From #MexicoCity to Lima, Latin America Is Exporting Urban Innovations | @business https://t.co/39XPBhj0Gt
For US cities, urban innovation solutions from Latin America can be more useful than better-known practices from Europe https://t.co/lHDyCeMrWr via @citylab
For US cities, urban innovation solutions from Latin America can be more useful than better-known practices from Europe https://t.co/myttfuoPkC
Here’s How Immigration Will Boost the US Economy, From Strong Hiring to More Housing @markets https://t.co/WzPt2XpWfY
New @nberpubs: "Immigration's Effect on US Wages and Employment Redux" https://t.co/JMJ3DwM4gt "immigration, thanks to native-immigrant complementarity & college skill content of immigrants, had a positive & significant effect between +1.7 to +2.6% on wages of less educated… https://t.co/LhjMjp4mqF
Federal government spending, legal/illegal immigration (household formation, spending), and increased productivity/capex (chips/AI) have been supporting US GDP growth despite almost every Wall Street bank having a more muted or bearish outlook from the end of 2022 through 2023...… https://t.co/ZWeFbAKtdV
Federal government spending, illegal immigration (household formation, spending), and increased productivity/capex (chips/AI) have been supporting US GDP growth despite almost every Wall Street bank having a more muted or bearish outlook from the end of 2022 through 2023...…
Federal government spending, illegal immigration (household formation, spending), and increased productivity/capex (chips/AI) have been supporting US GDP growth despite almost every Wall Street bank having a more muted or bearish outlook from the end of 2022 through 2023...
Here’s How Immigration Will Boost the US Economy, From Strong Hiring to More Housing https://t.co/uphR2mzuaM
Here’s How Immigration Will Boost the US Economy, From Strong Hiring to More Housing - BBG https://t.co/1j7B89TIDC
The increasingly obvious increase in US population from a surge in immigration over the past couple of years is spurring economists to take a more granular look at its impact https://t.co/8Bwq5oD2mg
The recent surge in immigration to the US has led many economists to boost their forecasts. Now they’re looking for more signs of its impact in the data https://t.co/f29ETjk9eK