The last time the overall cost of immigration was signed into law by Ronald Reagan in 1986, an estimated 3 to 5 million illegal immigrants living in the United States. Today, there are 11 million illegal immigrants in the United States at the expense of immigration reform will allow many of these immigrants receive citizenship in 13 years. They would be required to learn English is to pass background checks, pay and have no obligation to back taxes and fines. Then they would be allowed to get permanent local status. Right here are five methods of the bill to reform the migration will impact the economy.
Economic growth
In May 2013 more than 100 economists have signed a letter of the American Action Forum said that immigration reform will contribute to the growth of the economy. A study of the Forum was conducted revealed that immigration reform would reduce the federal deficit by $ 2500000000000 over the next ten years. Also based on an analysis of the administration of social security, immigration reform would help, social security, working to contribute more to the Trust Fund. It is estimated that immigration reform would increase GDP by $ 1500000000000 more than ten years. In addition, according to the Partnership for a New American Economy, immigrants in the United States are more than twice as likely to start a business than non-immigrants.
Higher wages. . . For more
While revenue growth of immigration reform for most Americans trigger, it could also cause wages to go down for some. A 2007 study by Harvard economists George Borjas and Lawrence Katz found that immigration has led led to a decrease in income for senior high school dropouts and graduates. However, another study showed that in 2010 the total revenue migration actually native rose 0.6 percent. Although there is much academic debate on the pros and cons of migration on income effects, note Demetrios Papademetriou, the Head of State and co-founder of the Migration Policy Institute, that any negative impact of the migration on wages is very low.
More competition for jobs
11 million legal immigrants join the workforce will undoubtedly grow even more competition for jobs. A study by the seat Hispanic Center reports carried out 650,000 jobs created in 2009, foreign-born workers, while native workers lost 1.2 million euros. A research project of the Center for American Progress published, but found that the granting of a legal status for immigrants might actually create jobs, because it would allow immigrants to increase the efficiency and wages. The reasons for the study if the legal staff earn higher wages and spend money on things like real estate, clothing and food are improving demand for goods and services will, and develop the economy as a result.
Increased tax revenue
As the number of statutory employees and increase spending increases, tax revenue will also increase. In 2010, it was estimated that undocumented Latino workers have lost $ 2.2 billion in revenue. As a result, the federal government failed $ 1.4 billion in taxes. The work plan of the Congressional Budget and the Joint Committee on Taxation also found that migration was the 2006 reform law signed into law, it would have created an estimated $ 66 billion in new profits in years 2007 and 2016.
Education is the key
The U.S. economy is no longer able to easily absorb the uneducated, as he did with so many European immigrants in the early twentieth century. To succeed in today's economy, workers must be well educated. Because many jobs, unskilled immigrants without papers who pay lower wages to fill, they struggle to get out of poverty. A study by sociologists UCLA was conducted revealed that, although the formation of Mexican Americans spectacular gains of second-generation parents of immigrant and non-teaching third and fourth generation to do this, and in fact has been delayed in some cases. Many third and fourth generation Mexican Americans are not college graduates, and the education of children from immigrant families still lag behind the national average. In today's economy, it is difficult to digest for less educated workers. Immigration reform is more emphasis on highly skilled only help the economy in the late migrants.
Overall, the proposed immigration reform will have a positive effect on the economy, and could even be aptly called the "bill to reform the economy." As New York Times reporter Ross Douthat pointed out, it is good that so many people around the world still believe in the American dream. But it is important that "if we decide to host the largest number of them and the speed with which we still have to deliver on it."
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