While former President Trump complains about immigration, immigrants have significantly contributed to economic activity in the United States. "Immigrants promote economic growth by moving to areas where businesses are forming or expanding and need more workers. As workers, consumers and entrepreneurs, immigrants promote business dynamism by adding their skills to the labor force, serving as a new group of customers and starting up new businesses. Forbes magazine, February 23, 2023. Not only do immigrants repair roads and pick vegetables, they create new businesses. Dov Charney (American Apparel and Los Angeles Apparel), Elon Musk (Tesla and SpaceX) and Andrew Grove (Intel) were all immigrants who created thousands of jobs.
The U.S. economy has chugged along nicely even with the Federal Reserve trying to slow it down. The economy has not only confounded the Fed, it has economists befuddled. This is all because for the past twenty years we have been creating a new economy based on new technology, the Internet, smartphones and Gig workers.
(Note: You can view every article as one long page if you sign up as an Advocate Member, or higher).
