Economics of Immigration Essay - 2492 Words

From the origin of the United States, immigration has been crucial for the economic advancement and expansion of the nation. The US truly is a melting pot of many cultures and ideas, and it has benefited greatly from diversity. However, with a much-reduced demand for unskilled or low-skilled workers, US policy must adapt so that it can better maximize the net economic benefits of immigration. While this probably does not include a universal drop in the number of legal immigrants, it would include the screening of applicants in such a way that preference is given to more economically beneficial candidates. It would also include making families totally responsible for their elderly relatives who migrate to the US, eliminating the†¦show more content†¦These companies include Microsoft, Intel, Hewlett-Packard, Texas Instruments, National Semiconductor, among others. Despite this, current immigration policy is slanted more towards groups that do poorly than it is towards those t hat are successful. In recent years, the United States is taking in more and more less skilled, legal immigrants, causing a reduction in some benefits immigrants bring with them, including tax revenues and capital externalities. This policy has reduced the number of qualified applicants for many firms, especially those in the technology area. They have greatly benefited from the H-1B visa program, and further expansion of this program at the expense of less-skilled immigrants would be very beneficial. In 2014 almost 738,000 non-citizens received Supplemental Security Income, SSI, a welfare program, up from 128,000 in 2002; a 580% increase in just twelve years. Population increase can explain some of the growth, but not nearly all of it. The largest contributor to the jump is the elderly sub-group of immigrants. In the current United States immigration policy, many elderly immigrants are allowed into the country if they have family here that will sponsor them. The law requires the family to support their elderly relatives for a period of three to five years. After that time, the elderly immigrants are entitled to US welfare programs. In contrast, it hasShow MoreRelatedEconomics And Immigration : The Economics Of U.s. Immigration Policy964 Words   |  4 PagesEconomics and Immigration Immigration is a topic on everyone s minds these days. With presidential candidates vying for votes in debates and political campaigns, immigration has been talked about quite a bit. But what is truly known about immigration? Since it is such a divisive issue, it is hard to know what is true and what isn’t. Unfortunately, the information most readily available to us comes in the form of opinionated articles and biased speeches by presidential candidates. 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