How Much Do Latinos Contribute to the US Economy?

The Future of the U.S. Economy

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Immigration is a continuous root of economic energy and demographic strength throughout the history of our nation. Immigrants are consumers, taxpayers, job creators and entrepreneurs. However, the immigration system is fractured and in need of extensive repair. Immigration reform that comprehensively addresses systemic problems such as including implementing a path toward citizenship for undocumented aliens who work and live in the United States is backed by large and diverse groups of Americans. Reform that restores confidence and trust in the public system and levels the playing field for all Americans will supercharge the economic benefits from our immigrant population.

The United States could profit exponentially from reformed immigration policies that are more sensitive to a comprehensive economic environment. In our prevailing immigration system, legal immigrant movements are primarily unresponsive to the business cycle. In particular, Congress sets annual limits set on the amount of new temporary and permanent immigrants who can legally enter the country to work. However, these limitations do not fluctuate based on the nature of the labor market. Establishing an autonomous federal agency to evaluate the employment market and make recommendations to Congress on the rates of permanent and temporary immigrant labor would allow the U.S. economy to respond adequately to the needs of employers.