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Economics of Labor Immigration - Essay Example

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This essay describes the role of the economics in the issue of labor immigration, considering the impacting changes in the economic profile of the developed countries and the challenges facing the conservative business models, that are used today globally. …
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Economics of Labor Immigration
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Economics of Labor Immigration

Download file to see previous pages... Evidently, those countries do not have enough skilled workforces to meet their labor needs and therefore they are compelled to depend on skilled immigrant workers. Hence, immigration greatly assists a developed/developing economy to meet its growing demand for labor in different sectors. As Kenny (2012) reports, immigration significantly contributes to the sustainability of Americans’ quality of life, which is a direct indicator of a nation’s economic development. The author strongly argues that immigration notably benefits the US to obtain a skilled group of workers from overseas countries. To justify his views, Kenny refers to a study conducted by Patricia Cortes and Jessica Pan. This study reports that the percent of foreign-educated nurses who attend the US licensure exam increased from 6% in the mid-1980s to over 20% in current days. The study also indicates that nurses who were educated in Philippines earn nearly 4% more than the average nursing wage due to their high quality work. In short, many vacancies for qualified and skilled workers in US would be left unfilled if the Federal government adopts a hostile approach towards immigration. Similarly, an aging population in the United States and Europe is likely to impede their growth rate because old people are less productive. Evidently, an elderly individual cannot complete his job task as fast and efficiently as one of his young colleagues does. Hence, an aging workforce would negatively impact organizational productivity and ultimately a nation’s economic performance. However, immigration can better address this issue because there are millions of qualified immigrant workers searching for employment. Kenny (2012) points out that...
This essay analyzes how immigration influences the factors contributing to economic growth. Considering the impacting changes in the economic profile of the developed countries and the challenges facing the conservative business models, the need for luring the innovative thoughts is of prime requirement now. In addition, the recovery of an economy that had undergone severe financial crises and a series of corporate failures has to be backed up by uninterrupted supply of potential human capital. It seems that industrially developed countries largely depend on immigrants to meet their workforce needs. However, many people argue that growing immigrant population steals a notable percent of Americans’ jobs and this situation would adversely affect the overall economic development of the country. From the discussion, that was presented in the essay it is clear that immigration can positively influence factors contributing to economic growth. Immigration is essential to meet the growing demand for labor in the United States. In addition, the researcher states that it is a better solution to the problem of an aging workforce population in the country. Employment of skilled immigrants is a recommendable strategy to boost the technological advancement of the US. Finally, immigration can noticeably contribute to technology and innovation. In conclusion, the researcher suggests that it is advisable for the United States Congressman to make necessary arrangements for liberalizing immigration laws in the nation. ...Download file to see next pagesRead More
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