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 Immigration to Boost US GDP by $7 Trillion Over Decade, CBO Says
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The surge in immigration will help bolster the US economy by about $7 trillion over the next decade by swelling the labor force and increasing demand, according to the Congressional Budget Office (CBO). The CBO also projects that the stronger growth will lift federal government revenues by about $1 trillion more than otherwise over the period. However, wages are expected to rise more slowly, in part reflecting the increase in the number of lower skilled workers.

#Immigration #UsEconomy #CongressionalBudgetOffice #LaborForce #Demand #Wages

https://www.bloomberg.com/news/articles/2024-02-08/immigration-to-boost-us-gdp-by-7-trillion-over-decade-cbo-says