Money Writer: Immigrants Boost Job Prospects for All Americans

Tuesday, 29 Jul 2014 05:33 PM

By Courtney Coren

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
Immigrant workers actually help increase employment opportunities for Americans across the board, economics and financial writer Jonathan Todd tells Newsmax TV.

Todd told Ed Berliner on "MidPoint" on Tuesday that studies "by labor economists like Giovanni Peri over at [the University of California,] Davis [show] that immigrant workers actually do boost the employment prospects across the economy."

Story continues below video.



Note: Watch Newsmax TV now on DIRECTV Ch. 349 and DISH Ch. 223
Get Newsmax TV on your cable system
Click Here Now

"Just because you bring in low-wage workers from abroad, that doesn't mean that you're necessarily taking jobs away from domestic, native-born workers," he explained.

"It sounds counter-intuitive," Todd said. "But it's actually worked out that way — to have that labor pool available has actually opened up more capital towards bringing native, domestic workers into the workforce."

Illegal immigrant workers are a burden for states, but it usually ends up paying off, the financial writer explained.

"There was a 2006 study by the state of Texas, and they found that undocumented workers actually cost the state of Texas about $500 million or so in terms of services provided — hospitals, school, extra policing, that kind of thing," Todd explained.

However, "the same study noted that the same migrant workers improved, increased the [Gross Domestic Product] of the state by about $18 billion."

"That's a pretty good return on assets," he added.

The reason it works this way, Todd explained, is that migrant workers "increase the demand for housing, especially in lower-wage, more impoverished rural areas, they have the effect of reducing costs of food or childcare, that kind of service."

These "second-order effects" help build "the economy by having that many more people who are wage earners, who are going to be consumers in that local area and in that state."

Related Stories:

© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

William Gheen: Release of Criminal Migrants Lowballed

Friday, 24 Oct 2014 19:15 PM

A report that violent offenders were among hundreds of illegal immigrants freed from U.S. jails in just one month of 201 . . .

Gen. Hayden: Lone-Wolf Terror Attacks Will Continue

Friday, 24 Oct 2014 19:01 PM

The U.S. and Canada are prepared to prevent large-scale attacks by terrorists, but smaller, lone-wolf assaults like the  . . .

Rep. Steve King: Story About Gays Fabricated

Friday, 24 Oct 2014 18:58 PM

Rep. Steve King says a media report in which he supposedly suggests gays won't make it to heaven is completely made up.  . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved