How does immigration impact economy?
“How does immigration impact the economy” is a 2018 report by CNBC on the effects that immigrants have on the US economy.
Information in this source
The information presented in the video is mostly related to the positive impact that immigrants have on the US economy.
Immigration boosts a country’s economy
The video includes various statistics on how an economy is impacted positively by immigration. It begins by citing a report which found that “a 1 percent increase in a country’s migrant population adds on an extra 2 percent of GDP per capita in the long term” (01:25-01:31). Simply put, the statistic means that when a country’s immigrant population rises, the country’s wealth increases, and the average income for its population increases as well. Note, however, that this does not necessarily mean that all individuals get wealthier, because GDP per capita does not account for how the income is distributed across society.
The video also explains that this increase in wealth happens in two ways: “It impacts productivity per worker because migrant skills often complement the existing population, (… and) it increases the percentage of working age people in a country because migrants tend to fall within this age brac...