The crisis at the southern border appears to have had a positive impact on the U.S. economy, but experts warn the growth came with consequences.
economic adviser Ernie Tedeschi concluded that the U.S. economy’s recovery from the pandemic recession was stronger than the Great Recession more than a decade ago thanks in part to foreign-born workers in the United States.
Without the addition of immigrants, Tedeschi said the labor force would have lost roughly 1.2 million U.S. workers primarily due to aging. Instead, it added 2 million workers. But Eric Ruark, research director for immigration think tank NumbersUSA, said the two reports were half-truths and did not consider who was being positively affected by the economic gains.
“One of the main arguments we’ve recently heard in favor of increased immigration is that it helps bring down inflation by expanding the labor pool; in other words by driving down wages for American workers. Tedeschi admits as much in his report, although begrudgingly in a footnote,” Ruark said.
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