Immigration reform is a hotly debated topic in American society today.  Passion over the subject is significant in the economic arena as well as the political arena.  At its core, the debate surrounds which immigrants our country will allow to reside in the United States, who qualifies for residency in the United States and what benefits will they receive. Many advocate reduced immigration, citing national security risks, language and cultural issues and economic concerns.  On the other hand, many cite the cultural benefits, economic strength and moral obligation to those less fortunate around the world.  It is important to understand the financial impact of immigration on the United States economy, so that the policy debate over immigration reform is well-informed, properly taking into account the economic issues.  

One significant impact of immigrants on the U.S. economy is the spending power of the immigrants.  While many immigrants start with almost nothing, as they work to obtain financial security in a free enterprise society, they contribute financially by purchasing goods and services.  Their purchases have a positive impact on the U.S. economy.  Reducing immigration ultimately slows the economic growth caused by immigrant purchasing power.  

Immigrants can also contribute to the American workforce.  While many argue that immigrants take jobs from Americans, it is also true that more jobs exist because of the increased demand for goods and services that immigrants provide.  There are characteristically some types of employment that American industry always struggles to fill, and immigrants fill that void.  Sound immigration policy should take into account the skills and hard work that immigrants are able and willing to provide.

Finally, immigration contributes to economic growth in the United States because of the business opportunities and innovations created by immigrants.  According to a recent study by the Brookings Institute, immigrants are 30 percent more likely to become entrepeneurs than Americans.  The businesses immigrants create provide jobs for others and thus stimulate the American economy.  

Immigrants have been an important part of the United States economy.  Christiansen Law Firm believes it is important to provide legal services to immigrants who desire to come the United States lawfully.  Christiansen Law Firm has significant experience in Immigration Law, and regularly assists individuals and families with family-based immigration matters such as adjustment of status and naturalization.  For information on how Christiansen Law Firm can assist you, please contact our offices in San Antonio or Houston to request a free consultation.