Title of Abstract
Poster Number
073
Session Title
Immigration
College
College of Business Administration
Department
Accounting, Finance & Economics
Faculty Mentor
Louis Pantuosco, Ph.D.
Abstract
Immigration has a significant impact on U.S. economic growth. Immigrants account for 14.4% (over 44 million) of the U.S. population. Their success has an important impact on the U.S. economy. This paper will focus on the impact of immigration on employment and wages. The Center for Immigration Studies shows that immigration has impacts on wages and employment. The negative effect of immigration on wages is primarily confined to native workers in low-skilled occupations. Immigration lowers wages for those at the bottom of the economic scale. Factors such as technological change and globalization have also played a role in the deterioration in wages for lower-skilled workers. Lower wages increase unemployment, which leads to fewer natives wanting to accept lower wages. Even with lower wages, the introduction of immigrants in the labor force increases consumption, spending, and investing, which leads to an increase in GDP and economic growth. This paper will address the benefits and costs of immigration on the U.S. labor market.
Course Assignment
ECON 345 – Pantuosco
Start Date
24-4-2020 12:00 AM
Included in
What Immigration Means For U.S. Employment and Wages
Immigration has a significant impact on U.S. economic growth. Immigrants account for 14.4% (over 44 million) of the U.S. population. Their success has an important impact on the U.S. economy. This paper will focus on the impact of immigration on employment and wages. The Center for Immigration Studies shows that immigration has impacts on wages and employment. The negative effect of immigration on wages is primarily confined to native workers in low-skilled occupations. Immigration lowers wages for those at the bottom of the economic scale. Factors such as technological change and globalization have also played a role in the deterioration in wages for lower-skilled workers. Lower wages increase unemployment, which leads to fewer natives wanting to accept lower wages. Even with lower wages, the introduction of immigrants in the labor force increases consumption, spending, and investing, which leads to an increase in GDP and economic growth. This paper will address the benefits and costs of immigration on the U.S. labor market.
