A report on the fiscal and economic implications immigration was recently released by the National Academies of Sciences, Engineering and Medicine. Jefferey Sparshot takes a look at what the report teaches us about immigrants and what we have left to learn.
One of the biggest takeaways from the report is that the number of immigrants has grown by over 70% from 24.5 million in 1995 to 42.3 million in 2014. This influx of immigrants as well as their children will play a substantial role in current and future workforce growth:
Even so, the U.S. civilian labor force is growing only slowly. It’s expected to expand 0.5% this decade, compared with 1.2% in the 1990s and 0.7% in the 2000s. That has significant implications for overall economic growth as well as funding for programs like Social Security.