Biden’s ‘border crisis’ is actually an economic success story (Zeeshan Aleem, 4/08/24, MSNBC)
Economist Ernie Tedeschi, now a research scholar at Yale University, writes in a new report that the rise in the immigrant population since 2020 accounts for at least a fifth of U.S. growth since then. That goes a long way toward explaining why the U.S. has grown almost twice as fast as the next best performer among G7 economies since the pandemic. Furthermore, he notes, “absent immigration, the US labor supply would have shrunk by 1.2 million since 2019. Instead, it expanded by 2 million.”
And we still have massive employee shortages.