Without immigrants, the United States would be the verge of economic disaster by the year 2050. As of today, nearly 15 percent of the United States’ population is over the age of 65, and by the year 2050, that number is expected to reach around 22 percent. This is a HUGE problem, because, according to FiveThirtyEight, “The aging of the U.S. population poses major economic challenges: rising healthcare costs, more retirement spending and, crucially, fewer working-age Americans to help pay for it all.” Thankfully, immigrants are giving this country’s economy the boost it needs to avoid this collapse. Here are a few reasons why the U.S. depends on its immigrant population.
Immigrants keep our country young.
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Without immigrants, the U.S. would be facing a severe baby drought. Since the 1970s, citizens of the U.S. have had fewer and fewer babies, and the only reason our birthrate has increased is entirely because of immigrants. And as you know, babies grow up to be adults who have jobs and pay taxes and social security – money this country needs to exist. So, hey, thanks immigrants.
Immigrants bring business to the U.S.
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Most immigrants come to the U.S. to work, and as a result, labor force in the U.S. receives a much needed boost in productivity. Nearly 16 percent of the work force in this country comes from immigrant labor. To put this number in to perspective, the immigrant population in the U.S. is only 13 percent.
Immigrants create jobs.
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Immigrant workers are 25 percent more likely to start their own business than regular U.S. born citizens. And we’re not just talking blue collar jobs minimum wage job creation. Between 1995 and 2005, over 50 percent of the industry in Silicon Valley can thank the efforts of immigrants. It’s hard not to see that the American Dream is very much kept alive by immigrants looking for more from life.
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Immigrants will probably always suffer from societal bias and prejudice, but the U.S. would suffer even more if it lost this crucial part of its makeup. Immigrants have always been part of the American experiment, and no matter how politicized they become, we can’t forget how much this country owes to each and every person – past and present – who came here for a chance at a better life. For more information, check out the entire story at ThreeFiftyEight.