Free Immigration Economic Analysis

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Furthermore, immigration is significant to the growth of the economy due to labor force growth. Their educational backgrounds help the economy because they fill gaps in the native-born labor market. The National Academy of Sciences concluded that immigration increases gross domestic product; a way to measure a country’s economic status. A rise in gross domestic product is a significant pro because it means the capital value of all finished goods and services have elevated within a certain time span. This has helped the U.S. avoid facing the state of stagnant economies, sometimes generated by demographic forces. Japan on the other hand, an immigrant-unfriendly country, is approaching a demographic and economic catastrophe. In addition to low …show more content…

They argue that allowing free, open borders to all immigrants would be unfair to the hard-working Americans and put them out of work. Maybe what they really fear is someone from the “immigrant class” will emerge and be willing to put in less work and generate equal or better output (Wharton, 2016). Though an open immigration policy may drive unskilled American workers to fight for jobs at low wages, this can be a profitable consequence. By welcoming competition into the labor market, a higher level of efficiency in the labor market could be accomplished as well as the discarding of inflated labor costs. As labor costs decrease, businesses could produce products faster, allowing services to be sold at lower prices due to competition for income. A decrease in prices increase consumer purchasing power, resulting in a positive effect on the living standards for Americans. As immigration increases competition rates in the American labor market, products become cheaper to make and the retail prices are reduced. Thus, everyone benefits and no one is privileged at the coerced expense of anyone

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