For example on the positive side, immigrants are taxpayers, entrepreneurs, job creators, and consumers, and on the negative side, they are using government services that should not be provided to them. Even though the positive and the negative both outweigh each other, it is a very debatable topic that may never be resolved. Immigration has been occurring for hundreds of years, immigrants fled from their country looking to fulfill their wants and needs. Immigration impacts the economy negatively and positively through the workforce, and in the future, it will prove to be a positive
N.p., n.d. Web. 20 Apr. 2011. Richardson, Mark.
In one research, it was found that, “Ten percent growth in American firms’ foreign investment is associated with 3% in their domestic investment” (Desai). In essence, this conclusion shows that when an American firm grows abroad, they also grow locally which benefits the firm everywhere. One study in 2004 from the McKinsey Global Institute demonstrated, “What happens when an American firm moves work that cost one dollar to India. Out of that dollar, India’s economy garners 33 cents in wages paid in India and profits earned by Indian firms. But 67 cents accrues back to American firms...” (Taylor).
There are many benefits immigration has created in the U.S. economy. Immigrants migrating to America create a larger work force and in turn reduce the equilibrium unemployment rate in the long run. Steven A. Camarota’s research findings explain that “the presence of immigrant workers (legal and illegal) in the labor market makes the U.S. economy (GDP) an estimated 11 percent larger ($1.6 trillion) each year (Camarota).” Immigrants most often come to America because they don’t have the opportunities to make money in their home country that they would have here. This makes immigrants more inelastic suppliers of labour. They have a higher motivation to work, are more flexible, and if less educated, work for lower wages.
In addition, immigrants seeking to escape to a better life will also be negatively affected. Senator Larry Obhof believes that having more immigration can be helpful because it allows for more labor within the workforce, new human capital to the United States, and give American employees access to a different culture in the workplace. Senator Obhof has some splendid ideas and methods on how immigration should be further legalized in the United States and where it can positively affect the economy as a whole. The native-born population presently working in the economic industry have seen an increase in the efficien... ... middle of paper ... ... remain poor. Immigrants are a huge asset to the nation, and the small costs are for the greater good of everyone involved in the economic system.
The United States cannot afford to lose the economic gains that come from immigrant labor. The economy would be suffering a greater loss if it weren’t for immigrants and their labor contributions, especially during the 2008 U.S. recession. The U.S. economy would most likely worsen if it weren’t for the strong labor force immigrants have provided this country. Despite the mostly negative views native-born Americans have towards immigrants and the economy, their strong representation in the labor forces continues today. Immigrants aren’t taking “American” jobs, they are taking the jobs that Americans don’t want (Delener & Ventilato, 2008).
Other countries that are suitable to perform the jobs needed may demand less money to finish the jobs. The main purpose of this paper is to explain why businesses should outsource to other countries that can do the work they need at a cheaper cost. Many Americans blame outsourcing for the current unemployment rates, even though the amount of Americans on financial assistance programs that are currently unemployed and are not looking for a job is high. This paper is intended for those that blame outsourcing on the unemployment rates and for American businesses that want to provide quality goods at a reasonable cost for American consumers. This paper will inform the audience on the benefits of why businesses should outsource.
15 Apr. 2013: A.12. SIRS Issues Researcher. Web. 20 Mar.