Don’t want more immigrants in this country? Then tell grandma she can never retire. As I’ve noted before, immigrants are driving the U.S. economic boom. That is: The United States has escaped recession, hiring growth has exceeded expectation, and inflation has cooled faster than predicted — all largely because immigration has boosted the size of the U.S. labor force. Don’t just take my word for it; ask the Federal Reserve chair or Wall Street economists.

Source: Washington Post May 01, 2024 11:05 UTC