Immigrants fuel the New York economy, study shows

Discussion in 'Economics' started by dealmaker, Feb 23, 2020.

  1. dealmaker

    dealmaker

    BUSINESS


    Immigrants fuel the New York economy, study shows
    By Gregory Bresiger

    February 22, 2020 | 10:27pm | Updated


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    Christopher Sadowski
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    Immigrants love New York — they always have.

    And they are having the greatest economic effect here, out of all the states, according to a new report.

    The WalletHub study compared the economic impact of foreign-born populations on the 50 states and the District of Columbia. It used 23 indicators to determine which states benefit the most — and least — from immigration.

    New York was No. 1 because “foreign-born population is almost 23 percent, second-highest in the country, and more than 12 percent of its households are made up of second-generation immigrants,” the report said, adding, “The percentage of income generated by immigrant households is over 25 percent, the highest in the nation.”

    WalletHub analyst Jill Gonzalez attributed New York’s immigrant bounty to a number of factors.

    “Some of the reasons immigrants have the highest economic impact in New York include the third-largest share of foreign-born workforce, over 27 percent, and the second-largest share of foreign-born business owners, over 25 percent,” she said. “The state also has the second-largest share of active physicians who are international medical graduates, 37 percent.”

    In addition, New York has a large number of international students and enjoys the “brain gain” and innovation brought by immigrants.

    Most experts, according to the study, view immigrants as a net plus.

    Alan Hyde, a professor at the Rutgers University Law School, noted, “They revitalize cities. Their neighborhoods are low-crime. They fill many important jobs. Their taxes and Social Security contributions keep the systems afloat
    https://nypost.com/2020/02/22/immigrants-fuel-the-new-york-economy-study-shows/
     
  2. gkishot

    gkishot

    What immigrants? Unskilled and low skilled immigrants scaling en masse the border fence?
     
    murray t turtle likes this.
  3. SteveM

    SteveM

    "Immigrants make up 25% of NY population."

    "Immigrants have huge impact on the NY economy."


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  4. easymon1

    easymon1

    Last edited: Feb 23, 2020
  5. If you bring in immigrants through merit, I am okay with it because they are going to contribute. The difference between Trump and Democrats is Trump wants legal immigrants whereas the Democrats want illegal immigrants.
     
    MoreLeverage and murray t turtle like this.
  6. Zithiel89

    Zithiel89

    It seems to me that this is a relative statement - judging by what is happening in Europe, migrants are not always an excellent solution. But in America there are good conditions for talented young people from all over the world, all kinds of exchange programs and internships, that's a good choice to attract intellect and new ideas.
     
  7. Visitors are first of all a workforce that can ensure normal economic development. And in my opinion, not only they have a positive impact on the economy, but the American economy provides people with good working and living conditions.
     
  8. %%
    Exactly...........................................................................................................
     
  9. Cuddles

    Cuddles

    Does he now?

    https://www.nytimes.com/2020/02/24/us/politics/trump-border-legal-immigration.html
    As Trump Barricades the Border, Legal Immigration Is Starting to Plunge
    President Trump’s border wall is beginning to rise, but a thick curtain of policy changes is more responsible for suppressing the flow of immigrants into the country.

    WASHINGTON — President Trump’s immigration policies — from travel bans and visa restrictions to refugee caps and asylum changes — have begun to deliver on a longstanding goal: Legal immigration has fallen more than 11 percent and a steeper drop is looming.

    The number of people who obtained lawful permanent residence, besides refugees who entered the United States in previous years, declined to 940,877 in the 2018 fiscal year from 1,063,289 in the 2016 fiscal year, according to an analysis of government data by the National Foundation for American Policy. Four years ago, legal immigration was at its highest level since 2006, when 1,266,129 people obtained lawful permanent residence in the United States.
     
  10. Overnight

    Overnight

    Ohh, that they do, Danny Boy!

     
    #10     Feb 24, 2020