Citizenship for America’s 11m undocumented immigrants would boost the economy

  • 📰 TheEconomist
  • ⏱ Reading Time:
  • 44 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 92%

Finance Finance Headlines News

Finance Finance Latest News,Finance Finance Headlines

Granting citizenship to undocumented immigrants in America remains the most controversial of all policy options

IMMIGRANTS LAID the foundations of America’s success as a country. About 45m people currently residing there, 14% of the population, were born overseas. About half of them have become naturalised citizens; one-quarter are lawful permanent residents with a path to citizenship; and about one-twentieth are temporary residents. The remainder, 11m or so “undocumented” immigrants that reside in the country illegally, wait in hope for a means of gaining a legitimate status.

The first, based on the US Citizenship Act of 2021, creates a path to citizenship for all 11m undocumented immigrants—about 8m of whom are in the labour market. Over the next ten years these workers would add nearly $1.5trn to America’s economy, about 0.5% of GDP. In turn this would generate tax revenues of $370bn and 370,000 jobs. The benefits could be higher still, because the bill would allow for immigration to increase.

Two other bills propose granting citizenship to 400,000 immigrants who were brought as children—known as “Dreamers”—and to over 250,000 workers that have fled natural disasters and armed conflict who are living in America under a temporary protected status. In these final two scenarios the study’s projections of the economic benefits, although positive, fall substantially, to about $110bn and $60bn, respectively, over ten years.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

So people who are patiently waiting in a line for decades to legally come in should just come in illegally because crime pays

I don't care how out there it is, look at those numbers. If we acknowledge the role these people have been playing, our economy will open emp. opportunities for 8 mil., our GDP grows by $1.5 tril., our gov't programs will have 375 bil. more, and we get to recognize 375,000 jobs.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

PepsiCo raises profit forecast as reopening economy boosts soda demandPepsiCo Inc (PEP.O) raised its full-year earnings forecast on Tuesday, betting on surging demand for its sodas as pandemic-weary people flock to theaters, restaurants and stadiums after being stuck at home for more than a year. Imagine being this hard up for stories.
Source: Reuters - 🏆 2. / 97 Read more »