Question
In: Economics
Discuss the economic costs and benefits of immigration? Is immigration bad for U.S. economy? How does...
Discuss the economic costs and benefits of immigration? Is immigration bad for U.S. economy?
How does it help the sending (immigrants' original country) country?
Solutions
Expert Solution
economic cost of immigration
It changes factor prices. It lowers the wages of competing workers. However effect of negative wage impact is more on less skilled workers
If immigration is of low skilled workers, it reduces real GDP
It may also lead to structural unemployment
Rise in pressure on social services like hospitals, schools etc
Rise in housing cost
Possibility of disharmony in societies
Benefits of immigration
It fuels economy with labour force
It increase productivity. of the economy
Rise in income of both immigrants and natives
It grease the wheels of labour market where their shortage might otherwise damp growth
Immigrants are more mobile than natives which result in better allocation of resources
No immigration is not bad for US economy
The available evidences suggest that immigration leads to more innovation, a better educated workforce, greater occupational specialization, better matching skills with jobs and higher over all economic productivity
It hasa net positive impact on combined federal ,state and local budgets.
Benefits to sending country
Improved quality of life
Rise in technical knowledge
Increase in remittances causing rise in foreign exchange reserves
Better employment opportunities, highly paid jobs
Better educational facilities
Modernisation of society
Rahul Sunny answered 2 years agoRelated Solutions
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