The crisis at the southern border appears to have had a positive impact on the U.S. economy, but experts warn the growth came with consequences.
New findings by former White House economic adviser Ernie Tedeschi concluded that the U.S. economy’s recovery from the pandemic recession was stronger than the Great Recession more than a decade ago thanks in part to foreign-born workers in the United States.
The U.S. real gross domestic product has soared 8.2% since the final quarter of 2019. The rise in the immigrant population since the end of 2019 accounted for at least one-fifth of that growth, “accounting for direct labor supply, unemployment rate, and productivity effects,” the report stated.“Absent immigration, the US labor supply would have shrunk by …