Trump and the Republicans are right to aspire to 3%+ real annual growth in the economy. No amount of politically plausible spending cuts will lower the budget deficit more than a faster growing economy.
But our new study at Unleash Prosperity makes it clear that without more legal immigration, that isn’t likely to happen. Nearly half of the net growth in the U.S. labor force over the past decade was due to immigrant workers.
With nearly 10,000 Baby Boomers retiring every day and the plunge in birth rates so far this century, there aren’t nearly that many young Americans to fill those jobs. It’s simple math.
Now that the border is secure, thanks to the superb work of border czar Tom Homan, to keep the economy humming, we need to expand almost all categories of LEGAL immigrant worker visas. That includes the H1b brainiacs, seasonal workers, ag workers, and the successful EB5 immigrant investor program.
This will create more jobs for Americans. Our UP study finds that almost half of all the Fortune 500 companies were started by immigrants or their children.