How Immigration Impacts U.S. Economy and Job Creation

A recent poll by CBS News shows that immigration is a growing concern for Americans, with 30% viewing the border situation as 'very serious.' However, economic research indicates a positive impact on the U.S. economy, with foreign-born workers comprising nearly 19% of the labor force. Economists also attribute immigration to surprising strength in consumer spending and overall economic growth since 2022. The influx of immigrants has contributed to consumer spending growth and is expected to increase gross domestic product. Immigration also addresses labor shortages, as lower birth rates lead to an aging workforce, posing challenges to social programs. Federal Reserve Bank chair Jerome Powell highlighted the positive impact of immigration on economic output growth. Additionally, immigrants are significantly more likely to start businesses and create jobs in the U.S., with 55% of billion-dollar startups founded by immigrants. However, foreign-born workers face labor challenges, including workplace abuse and vulnerability to wage theft. Proponents of stronger border enforcement argue that immigration leads to overcrowding and downward pressure on wages. The complex impact of immigration on the U.S. economy and job market requires a balanced approach to ensure economic growth while addressing labor challenges.