berg80
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- Oct 28, 2017
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Trump immigration policy may be shrinking labor force, economists say
Early evidence suggests that White House policy is reducing the size of the immigrant labor force, in turn contributing to a recent drawdown in the overall U.S. labor pool, according to several economists.CNBC spoke with a range of economists from financial firms, economic research institutions and think tanks, and also reviewed recent research notes and analyses that economists have published on immigration and the job market.
If a reduction in the immigrant labor force is sustained, such a trend would be a concern for the U.S. economy, those experts have said or written.
That’s because the economy will increasingly rely on immigrants to fuel population and labor force growth given demographic trends among the U.S.-born populace, like retirements among baby boomers and lower fertility rates, they said.
The downward shift in the immigrant labor force in recent months is “definitive,” said Mark Zandi, chief economist at Moody’s.
“There’s no debate what’s going on there,” Zandi said.
Immigration is ‘taking pressure off’ the job market and U.S. economy, expert says
The share of immigrants in the U.S. labor force has steadily increased for more than a decade, and that growth is poised to continue — a trend economists say benefits the American workforce and economy.In 2006, 15.3% of the civilian labor force was made up of “foreign-born” workers, or those born outside the U.S., according to the U.S. Bureau of Labor Statistics. That share hit a record 18.6% in 2023.
Mark Zandi, chief economist at Moody’s Analytics, said the increase in foreign-born workers is “taking pressure off the economy.”
“In fact, it’s probably one reason why the economy grew so strongly last year,” he said.
A shortage of workers is both inflationary and a detriment to GDP growth. But the policies causing it scratch the xenophobic itch of the prez's base and is an essential component of his platform. Or should I say Stephen Miller's?
Top 5 Most Awful Things You Need to Know About Stephen Miller
Top 5 Most Awful Things You Need to Know About Stephen Miller
From white nationalist sympathies to cruelty-as-policy tactics, Miller’s record is a roadmap of ideological extremism.

