We know updating our immigration laws to include a pathway to citizenship for people living in the U.S. would go a long way toward keeping families together, improving health outcomes for Nebraska children, and reflect our state’s values of compassion and dignity.
But, there are bottom-line, dollar-and-cents reasons to fix our outdated immigration system as well. This article from “Immigration Impact” summarizes a new report from the Bipartisan Research Center and research firm Macroeconomic Advisers, which finds that fixing our immigration system, specifically with the provisions of the U.S. Senate bill (S. 744) passed in June, would lead to a large boost to the American economy.
Read the full report: Immigration Reform: Implications for Growth, Budgets and Housing
According to the report, fixing our immigration system with S. 744 would have the following positive effects over the next two decades:
- Increase GDP economic growth by 4.8 percent.
- Lower the federal deficit by $1.2 trillion ($180 billion during the first decade, and $990 billion during the second decade).
- Increase demand for housing and increase demand for construction of roughly $68 billion per year.
- Increase the size of the labor force by 8.3 million workers (an increase of 4.4 percent).
- Offset the aging, U.S.-born workforce population decline by adding 13.7 million people to the workforce. Most of these people would be younger than age 65.
- Raise wages in the long term by 0.5 percent.
Members of Nebraska’s business community, restaurant industry, and agriculture sector already have spoken out for the need to update our immigration laws to create stability for our businesses and the families who work in them. This new report shows passing updated and common-sense immigration laws with a clear path to citizenship is not only beneficial to our families and communities, but will fortify a U.S. economy looking for a boost after the recent recession.