The economic legacy of the Biden immigration surge
Summary
A large number of immigrants came to the U.S. from 2021 to 2024, adding workers and helping the economy grow without hurting jobs or wages for native-born Americans. However, this immigration also caused rent prices to go up a little because there were more people needing housing than homes available.Key Facts
- About 6.5 million migrants entered the U.S. outside normal legal ways between 2021 and 2024.
- These migrants added about 1.6 million jobs in major city areas, making up around 18% of new jobs during that time.
- The immigration surge increased economic output (GDP) in average metro areas by about 1.5%.
- Native-born workers kept their jobs and saw their wages rise by nearly 1% during the immigration surge.
- Rent prices went up by about 1.4% to 1.6% because housing did not grow fast enough to meet demand.
- Many new migrants initially stayed in shelters, emergency housing, or with family and friends.
- The surge happened during a time when the economy needed many workers, especially in industries like hospitality and construction.
- Researchers suggest immigrants and native workers often do different jobs that help businesses work better.
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