A new report proves that immigration reform could positively impact the U.S. economy.
According to a report conducted by the Americas Society/ Council of the Americas (AS/COA), immigrants in the United States have proven to be a contributing factor in creating manufacturing jobs and increasing housing wealth.
The study showed that immigrants are revitalizing communities in the U.S. by moving into new cities and rural areas. For every 1,000 immigrants that arrive to a county, 270 U.S. born residents move there in response and 46 manufacturing jobs are created or preserved.
As a whole, immigrants today are responsible for an estimated $3.7 trillion boost to home equity and the creation or preservation of 1.8 million manufacturing jobs nationally.
New York City Mayor Michael R. Bloomberg said in a statement, “This report is the latest piece of economic evidence showing that immigration helps drive job growth in our country.”
The report also stated that citizenship is a very important factor as naturalized immigrants are more valuable contributors in the labor market.
“The evidence is now overwhelming - and yet too many in Washington are still dragging their feet on common-sense immigration reforms that would create jobs and help put more Americans back to work,” Bloomberg said.
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