Initially I was not going to post this work, if only because other things came up and I do have to prioritise what I post on my site. It had nothing to do with the work’s quality, which I think is actually quite good. What am I talking about? Well today’s piece is from a Pro Public article about the impact of immigration on economic growth. And it turns out the two are linked. Why? Well, the overly simplistic explanation is that we will need immigrants to pick up the slack in the labour force that will otherwise begin shrinking in years to come.
But why take my word for it when you can take charts’ word for it. The piece does a great job of showing how changes in immigration numbers can help grow or shrink economic growth. And if you recall, President Trump has promised growth rates of 4%. But, and this is why I decided to post this, yesterday it was announced that Trump will support legislation intending to halve immigration to the United States over the next ten years. As my screenshot captured, a reduction in immigration will actually lead to lower economic growth and put us further away from the 4% rate.
Credit for the piece goes to Lena Groeger.