Facts that show that illegal immigration helps the economy
Facts that show that illegal immigration helps the economy
- According to Giovanni Peri, high immigration levels (including some illegal immigration) do not contest with skilled laborers but instead help them.
- According to Peri, in states with more undocumented immigrants, skilled workers in fact earned more money, worked more hours (which although may be a negative for them) and therefore helped the economy grow. So according to Peri, immigration vastly helps the economy.
- From 1990 to 2007, it is estimated that undocumented workers raised legal workers salaries by up to 10 percent!
- Employers do not have to pay highly skilled workers to perform basic cheap tasks, this lowers the overall cost of production and as we learned in Econ, this increases the supply of the number of jobs the company could book, lowering the cost for consumers.
- According to Stephen Goss (chief actuary for the Social Security Administration), illegal immigrants contribute $15 billion a year to social security through payroll taxes, and they only take out $1 billion. It is estimated, that illegal immigrants have contributed nearly 10% of all Social Security.
- More workers leads to a greater GDP.