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The Effects of Immigration on the U.S. Economy

The intensification of international migration has made almost all developed countries to face new challenges and tasks that are in the conditions of the ensuing global crisis have gained new features and a new urgency. For the US economy, the main problem is still to provide the economy with the necessary human resources at the expense of immigration and not put a threat to national security.

According to migration types, foreigners are divided into temporary workers and those, who arrive to get a permanent place of residence. Even though, the settlers usually quickly get on their feet, and in the integration process into the host society bring it a more tangible return, developed nations like the United States give an increasing preference to temporary migration. Its volume, structure, and duration can be adjusted more quickly, taking into account the economic demand.

Immigrants allow industrialized countries in the period of relatively high economic growth to spend less on the transformation of labor resources and smooth the imbalance in the distribution between countries and branches of production that have been subjected to significant structural changes in connection with the integration process. Overflow of the national workforce in the most dynamic sectors of the economy leads to the growth of its development.

As a result of labor migration processes, a double labor market is formed in many industrialized countries. One sells the national labor force, and the other sells the foreign labor force. The population of the country carries out skilled work in industry and services. Most immigrants are employed in the most time-consuming and unhealthy types of jobs and have a longer working week and wages are lower than of local workers.

Local businesses benefit from the import of foreign labor as well, because it allows them to a certain extent to restrain the rate of growth of wages of their workers. On the one hand, the presence of immigrants strengthens the position of entrepreneur in the negotiations with the trade unions. On the other hand, the lack of cheap labor from abroad would force entrepreneurs themselves to significantly raise the level of wages in labor-intensive and unattractive industries and types of production.

Immigration development allows recipient countries save a lot of money on training. For example, as a result of the abduction of minds, the United States saved no less than $15 billion just in the field of education and research activities in the period from 1965 till 1990. The U.S. kidnaps minds from all over the world, including developing countries.

The intensification of international migration has made almost all developed countries to face new challenges and tasks that are in the conditions of the ensuing global crisis have gained new features and a new urgency.

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Assignment ID
100001642
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CREATED ON
September 23, 2016
COMPLETED ON
September 24, 2016
Price
$8
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Essay Example Comments
ashnicolee2717
December 6, 2016
ashnicolee2717
well written essay
kowalczyk.elzbieta84
December 4, 2016
kowalczyk.elzbieta84
good
gokayaknc79
December 1, 2016
gokayaknc79
Perfect job, writer delivered the paper on the time