9/19/13

WSJ: "Asian Newcomers Drive Immigration"

The Wall Street Journal reports that "America's foreign-born population grew by nearly 447,000" in 2012. Of that, "the latest increase was a jump in the nation's foreign-born Asian population of more than 309,000.  (The increase in foreign-born Hispanics was relatively modest.)

"A growing share of the immigrants in the U.S. have higher education and income levels and could be filling higher-skilled jobs," according to the report.

Another effect of this immigration trend is that it provides "a bigger pool of workers to power the American economy -- and a bigger tax base to draw from to pay for the social benefits of older, retired Americans. A more fluid labor market -- with workers flowing in and out of jobs, and in and out of states and countries -- also improves economic growth over the long term by allowing for a more efficient matching of employers' and workers' needs."


Source:
Wall Street Journal Sept. 19,2013, Page A2