ICYMI: New Study Finds Immigration Reform Will Create Jobs and Boost GDP
July 23, 2013
WASHINGTON, D.C. — Immigration reform will create millions of new jobs and boost the United States’ gross domestic product (GDP) by billions, according to a study released this morning by Regional Economic Models, Inc. The findings increase the pressure on bipartisan leaders in the House of Representatives to pass immigration reform with a roadmap to earned citizenship.
The study looks at the macroeconomic effects of three key components in the immigration reform debate: the path to legal status, increases in high-skill visas and changes to low-skill visa programs.
Among the key findings are:
• The path to legal status would net 594,000 new U.S. jobs by 2018 and increase GDP by $49.93 billion in that same timeframe.
• Expansion of the H1-B visa program would result in net increase of 1.3 million jobs by 2045 and a GDP increase of more than $158 billion in that same timeframe.
• As a result of the new W-1 visa program, close to 365,000 jobs will be gained by 2045.
“REMI’s exhaustive study spells out what business leaders have been saying all along: Immigration reform will create jobs, boost GDP and drive innovation in all 50 states,” said Ali Noorani, Executive Director of the National Immigration Forum. “Our nation needs immigration reform because of moral, security and political reasons to be sure. But we need it more than ever in these tough economic times because it’s the right thing to do for our national and state economies.”