Many American mistakenly believe that immigration is bad for the economy. 74% of respondents to a New York Times/CBS News poll indicated that they thought illegal immigrants weakened the economy. Here are some reasons why immigration actually has a positive impact on our economy.
- Whether legal or illegal, immigration provides a small net boost to the economy. The immigrant labor force helps lower the prices of commodities from produce to new homes, which means that consumers end up with a little more money in their pockets.
- Working immigrants pay income taxes, including Social Security contributions, particularly important since a high number of Americans will retire over the next couple of decades.
- Many undocumented workers also pay income taxes and contribute towards Social Security.
- Both documented and undocumented immigrants pay sales and property taxes.
- The rise in population due to immigration results in larger communities of people who spend money. As a result, large and small businesses alike benefit from immigration.
- Overall, immigrants do not reduce the number of job opportunities available to native citizens.
- Diverse immigrant populations boost our country’s multilingualism and multiculturalism. As a result, we have seen an increase in a workforce equipped to excel in global and international professions.