| Abstrakt: |
According to Catherine Rampell, immigration is beneficial for the economy. The Congressional Budget Office (CBO) released updated economic and budget forecasts, which showed that a surge in immigration starting in 2022 will boost GDP by $7 trillion and improve revenues by $1 trillion between 2023 and 2034. Today's immigrants are mostly young and contribute disproportionately to science, research, and innovation. Federal Reserve chair Jerome Powell also credits the strength of the U.S. labor market to immigration returning to pre-pandemic levels. Rampell argues that immigration should be seen as an opportunity to harness the talents and energies of the world, rather than an invasion. [Extracted from the article] |
