In the past presidential campaign, immigration emerged as a top issue. In recent years, Immigration has slowed sharply in the United States. The United States has slowed down the issuance of permanent resident visas and green cards (Shin, 860). Though immigration improves the economy, the government has imposed strict laws to limit immigration in the county. When immigrants join the labor force, they boost the economy and upsurge the GDP (Gross Domestic Product). Their revenues also rise as well as the local’s ones. It is also known as immigration surplus. In addition, immigrants help in different sectors where they are relatively needed. They assist in manufacturing, production, and processing industries hence easing the production of goods and services. Immigration is essential to the United States economy and should be encouraged. Therefore, this paper will discuss the benefits of immigration in the United States.
Immigrants are more probably to move than natives. Therefore bring in new energy that increases and speeds up the economy. Immigration is essential to people from underdeveloped countries overwhelmed by the challenging economic environment. Immigration gives them a chance to earn a living and benefit their societies in their countries. As a result, industries grow, and productivity increases. A good example is immigration in Texas which led to oil booms of the 1970s and 1980s. The immigrants’ labor was significant in the oil booms period. In the 2000s, many immigrants joined the internet high-tech jobs, and others joined the construction industry. These high skilled immigrants were linked to innovation and creativity. Technology is transforming the economy. Therefore, hiring skilled high-tech immigrants helps organizations through creativity and innovation. Information technology is the new norm in the economy, and firms need a highly-skilled workforce they can access from the immigrants. Immigrants are more innovative compared to natives. This is because they concentrate on their jobs where they can find solutions from an entrepreneurial perspective. Studies have indicated that more than forty percent of medical scientists are foreign-born. Studies have further indicated that more than forty percent of computer software engineers are immigrants. The immigrant workforce is also represented more among engineers, professors, nurses, mathematicians, dentists, and doctors, to mention a few.
Despite all these benefits, the United States has a strong restriction on immigration. Immigrants make the economy more vibrant and increase its efficiency and productivity. Immigration affects prices by lowering the wages of competing workers while increasing monetary compensation and corresponding employee pay. Perhaps, the spirit of immigration doesn’t benefit everyone by the same token (Borjas, 340). It greatly benefits investors, including companies and landowners, as well investors. The corresponding employees also benefit. With the increase in immigrants, the need for these workers is growing. They may be construction managers, interpreters, drug dealers, or immigration attorneys. In addition, customers benefit from lower prices for foreign-made products and services. However, wages for competing workers declined as the economy adjusted for further labor inflows during the transition period. According to research, any adverse impacts of pay are on low-skilled employees compared to high-skilled individuals. Probably a factor as to why they’re doing so poorly.
In general, this article emphasizes the advantages of relocating overseas. Moving to another nation, on the other hand, is both advantageous and frustrating. Throughout history, there are rare examples of positive yet troubling economic progress. Millions of farmworkers were laid off due to the Industrial Revolution, which gave rise to extensive urbanization and the foundation of huge cities, which now exhibit a range of advantageous characteristics, for instance innovation and higher earnings. Any significant change always comes at a temporary cost. It is more expensive to prevent economic forces from apportioning funds to their enduring appropriate usage. Capitalists pay modifications and reaction rates to changing requirements and supply chain characteristics steer resources to the most effective allocation.
To summarize, there are several advantages to relocating overseas. The fact that it has additional costs does not justify not just preventing it but also managing it. The government can devise channels for reaping the remunerations of immigration while accounting for the losses of other employees. Shifting to another nation is advantageous even for non-immigrants, but the advantages are not dispersed fairly. The next stage for politicians is to reform immigration policies to reap economic advantages while slowing down. The policies should focus on highly skilled immigrants. With the growth in tech industries, firms should spot immigrants with high expertise and hire them. As a result, the firm will gain from the innovative ideas and the new energy from the immigrants. Finally, immigrants are more focused on their work compared to the locals. Therefore, firms should employ more immigrants to ensure significant returns.
Borjas, George J. “Lessons from immigration economics.” The Independent Review 22.3 (2018): 329-340.
Shin, Geiguen. “The Changing US Immigration Policy on the Nexus of Security and Economy: Extending Visa-Waiver Program and Advocacy-Coalition Framework.” International Journal of Public Administration 42.10 (2019): 855-866.