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| Name | How Immigration Has Affected the U.S. in 60 Seconds — Economy Edition |
| Video Uploader | Video From National Immigration Law Center |
| Upload Date | This Video Uploaded At 28-07-2021 20:16:09 |
| Video Discription | In this video, we’ll provide a 60-second explanation on how immigration impacts the economy in the U.S. Immigration positively impacts the U.S. economy in three primary ways: -Main reason why the U.S. population is increasing -Billions of dollars in tax revenues to federal, state, and local governments every year -Over a trillion dollars in spending power that stimulates the economy --- Subscribe to our YouTube channel for more videos about immigration and how it impacts: -Business -Education -Our communities -Our fight against climate change and -Much more... SUBSCRIBE HERE: https://www.youtube.com/user/NationalImmLawCenter --- Do you have any questions you want answered about immigration? What would you like to see a video about? Let us know in the comments section below! #FreedomToThrive #ImmigrantsAreEssential #WeAreHome --- About Us: Established in 1979, the National Immigration Law Center (NILC) is one of the leading organizations in the U.S. exclusively dedicated to defending and advancing the rights of immigrants with low income. At NILC, we believe that all people who live in the U.S. should have the opportunity to achieve their full potential. Over the years, we’ve been at the forefront of many of the country’s greatest challenges when it comes to immigration issues, and we play a major leadership role in addressing the real-life impact of policies that affect the ability of low-income immigrants to prosper and thrive. -Subscribe to our YouTube channel for more videos about immigration and how it impacts education, the economy, our communities, our future and more here: https://www.youtube.com/user/NationalImmLawCenter -Learn more about NILC: https://www.nilc.org/ -Support our work by making a donation: https://www.nilc.org/recurring-gift/ -Sign up for email updates: http://ow.ly/BgiZ50HX5HJ --- Video Transcript: How does immigration affect the United States economy? To answer that, let’s imagine the USA is this ATM First off, even if it feels like economists speak in code at times, they agree immigration is key to economic growth. That’s because it takes more people to grow an economy, and immigrants and their loved ones are the #1 reason the U.S. Population is going up (source: https://pewrsr.ch/3hqH8sO). Immigrant households pay $405 billion in tax revenues to federal, state, and local governments every year. And immigrants with temporary protected status, or TPS, add another 1.5 billion a year in overall taxes, even though they aren’t recognized as U.S. citizens. All told, that means immigrants deposit enough in taxes to cover the interest on the national debt each year (source: https://bit.ly/3qX74iZ). This lets the government spend more of your tax dollars on veterans, schools and roads instead of paying back banks and foreign lenders. And if you want to talk about stimulating the economy, immigrant households have over a trillion dollars in spending power per year, which gets transferred back into the U.S. economy every time they make a purchase. That’s enough money to support 21 million small businesses across America (source: https://bit.ly/2UAd2uc). Lastly, nothing puts a dent in the U.S. economy like unemployment, but statistics show that employment among immigrant adults is consistently 3-4% higher than adults born here (source: https://bit.ly/2Uyr6Em). So when you look at it overall, between taxes, spending, and employment, on balance, immigrants put a lot more into the economy than they take out. Visit https://www.nilc.org/ to learn more. --- Bibliography: “Chapter 2: Immigration’s Impact on Past and Future U.S. Population Change.” Pew Research, 28 Sep. 2015, https://www.pewresearch.org/hispanic/2015/09/28/chapter-2-immigrations-impact-on-past-and-future-u-s-population-change/ Amadeo, Kimberly. “Current US Federal Government Spending” The Balance, 29 May 2021, https://www.thebalance.com/current-u-s-federal-government-spending-3305763 Godlewski, Nina. “Small Business Revenue Statistics (2021): Annual Sales and Earnings” Fundera, 19 Sep. 2019, https://www.fundera.com/resources/small-business-revenue-statistics#:~:text=8%20Small%20Business%20Revenue%20Statistics,$100,000%20a%20year%20in%20income Sherman, Arloc, et al. “Immigrants Contribute Greatly to U.S. Economy, Despite Administration’s “Public Charge” Rule Rationale” CBPP, 15 Aug. 2019, https://www.cbpp.org/research/poverty-and-inequality/immigrants-contribute-greatly-to-us-economy-despite-administrations |
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