Side Benefits of More Immigration

 

There is another huge economic benefit to immigration that is often forgotten by my American friends, as Paul Krugman pointed out:

 

immigration appears to have been a big plus for U.S. economic growth, among other things expanding our productive capacity in a way that reduced the inflationary impact of Biden’s spending programs.”

 

In other words, if it were not for immigration inflation in the US would probably have been worse!

There is another added bonus caused by immigration: If immigration is not squelched by a new Trump administration or something similar, or deportation is not radically increased, those immigrants will help pay for Social Security and Medicare in the US.  The independent and non-partisan Congressional Budget Office .B.O expects that 91% of new adult immigrants between 2022 and 2034 will be under 55 compared with 62% for the overall population.  Those are people that pay into those social programs. The rest are more like what Hitler called useless eaters. People like me. Seriously, that means there will be a lot of additional workers contributing to these programs without drawing from them for many years.

Paul Krugman had an interesting conclusion about all of this:

 “The bottom line is that while America’s immigration system is dysfunctional and really needs more resources — resources it would be getting if Republicans, pushed by Trump, hadn’t turned their backs on a bill they helped devise — the recent surge in immigration has actually been good for the economy so far, and gives us reason to be more optimistic about the future.”

 

I think my American friends should take a closer look at the economics of immigration.

 

 

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