Jump to Navigation

Immigration can improve business and bolster economic growth

Immigration reform is generating strong opinions from both sides of the political spectrum. While some of the debate has evolved around protecting jobs on U.S. soil, immigration reform is also necessary to address the crackdown on undocumented workers which is already hurting the farming industry. Attacking this population of the workforce is likely to spread to other industries, including construction.

In addition to undocumented workers, high-tech industries could benefit from immigrant workers, an area that currently absorbs 80 percent of H-1B visa applicants. New jobs in the developing world are making economic opportunities more possible for skilled immigrants that would have once come to the United States. Overall, every business sector has benefitted from the competition and innovation of the immigrant workforce

According to a new study, within a month after the 1998 American Competitiveness and Workforce Improvement Act, companies that benefited from an increase in the high-tech workforce also demonstrated a 15% higher return than their counterparts.

In addition to entrepreneurs and inventors that are part of the immigration workforce, foreign educated nurses now account for 20 percent or more of all those taking licensing exams. At lower education levels, low-skilled immigrants had a higher level of employment and lower poverty than native low-skilled populations, even though they earned $5,000 less on average.

Immigrant workers not only contribute a necessary portion of the workforce, but play an integral role in building the economy. Despite the growing importance of immigrants, an unprecedented number of workers are being educated in the U.S. and returning home rather than staying in the U.S. to work.

By giving more rights to immigrant workers, U.S. businesses would expand, create job growth and also be prepared to support a globalized world economy. If you are an investor, business owner, or immigrant seeking status in the United States, an experienced attorney can review your case and help you protect your rights.

Source: Business Week, "Why More Immigration, Not Less, Is Key to Economic Growth," Charles Kenny, Oct. 28, 2012

No Comments

Leave a comment
Comment Information
  • facebook
  • facebook
  • Google+

Contact Us

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Cuevas, Garcia & Torres, P.A.
Attorneys at Law

Miami Dadeland Office
7300 N. Kendall Drive 
Suite 680
Miami, FL 33156
Toll Free: 877-801-4135
Phone: 305-461-9500
Fax: 305-448-7300
Map and Directions

Midtown Miami
3401 North Miami Avenue 
Suite 209
Miami, FL 33127 
Map and Directions

FindLaw Network