President Trump’ recent executive order to temporarily suspend immigration to the United States on the following assertion, “In light of the attack from the Invisible Enemy, as well as the need to protect the jobs of our great American Citizens” actually may hurt the US economy as the majority of immigrants occupy positions that are in high demand such as software developers, statisticians, mathematicians and marketing specialists.
This drastic policy shift aimed at immigrants actually does not have a positive impact on U.S. workers, rather it has been observed that employment rates for American workers actually rose by a small amount when more immigrants arrived in the US. As per studies in the past, immigration did not increase unemployment or reduce labor force participation of American born workers. Instead, having more immigrants reduces the unemployment rate and raises the labor force participation rate of U.S. workers within the same sex and education group as immigrants are entrepreneurs and help create jobs and economic growth.
We, at Emandi Law Firm bring you some aspects and impact of this recent
Executive Order based on statistics:
• For the United States to continue to be a strong global power, immigrants are crucial and the backbone for the purpose to be fulfilled and occupy the majority of the professional jobs listed below. In the projections of the fastest-growing occupations for the next decade, the Bureau of Labor Statistics includes not only highly skilled professions as aforementioned among others, it also includes complementary workers in fundamental occupations: cooks, medical assistants and personal care aides.
• Research has shown that immigrants fuel economic growth and benefit most U.S. workers. Estimates suggest that economic growth between 1990 and 2016 would have been approximately 15 percentage points lower in the absence of immigration. Also, that immigration increases productivity levels, contributing to both job creation and economic growth. Furthermore, while the research on wages is mixed, the vast majority of studies conclude that immigrants have at most a modest impact, whether positive or negative, on the wages of U.S.-born workers. Regarding unemployment, there is little evidence that immigration has any impact on the U.S. unemployment rate.
• The current economic collapse in America has significantly affected small and medium enterprises (SMEs) than established large firms with enough cash flow and resources to survive. The current economic need is to boost the creation of productive SMEs that would foster competition within industries. Suspending immigration at this time will definitely have a counter effect as there is now robust evidence showing how restricting immigration results in U.S. companies pushing jobs out of the United States.
The president’s executive order is limited in scope, applying to only 32 percent of green card applicants. Immigrants generate additional economic activity that fuels economic growth. Without vital foreign-born workers in agriculture, health care, and technology industries, the U.S. economic recovery will suffer. Moreover, the executive order’s potential for expansion, both in its duration and scope, could prove to be significantly harmful to the United States.
Related Blogs: https://emandilaw.com/immigration-update-april24/