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Friday, July 12, 2013

Legal And Illegal Immigrants Gain At Expense of The Native-Born Americans

Investment Business Daily Editorial: Lost Opportunities: Immigrants, both legal and illegal, have accounted for all the job gains in the U.S. since 2000. With labor force participation rates at record lows, why do some tout the benefits of importing workers?

According to a White House report released Wednesday, the immigration legislation tinkered together by the Gang of Eight (or Gang of Ocho, as critics sneer) would increase real GDP by roughly $700 billion in 2023 and reduce the federal deficit by almost $850 billion over the next 20 years.

This would happen, we're told, by bringing illegal workers out of the shadow economy into the real economy where they'd pay taxes and contribute to society.

The long-term costs are ignored, though. The Heritage Foundation reckons the short-term tax boost would lead to a long-term drain of up to $6.3 trillion in benefits that legal taxpayers would have to fund for legalized immigrants over their lifetimes.

Indeed, while the Gang of Eight's bill bars amnestied immigrants from receiving most federal benefits for 10 years, the time-frame supporters tout as providing the boon, the costs will stack up after that.

The Congressional Budget Office analysis of the supposed benefits does not take into account the Medicare and Social Security liabilities that amnestied illegal aliens will begin accruing immediately.

While that debate rages, the Center for Immigration Studies has released a report questioning the need to import workers or amnesty those already here in an economy where the labor force participation rate is at a record low, millions have dropped out of the workforce and too many are underemployed because they can't find full-time employment, a situation ObamaCare already is making worse.

According to the CIS analysis, 22.4 million immigrants of working age held jobs at the beginning of this year, up 5.3 million over the total in 2000. Native-born workers with jobs dropped 1.3 million over that period, from 114.8 million to 113.5 million.

"Given the employment situation in the country, the dramatic increases in legal immigration contemplated by the Gang of Eight immigration bill seem out of touch with the realities of the U.S. labor market," say study authors Steven Camarota and Karen Zeigler.

We agree with that observation.

The total number of working-age (16-65) natives not working — unemployed or out of the labor force entirely — was nearly 59 million in the first quarter of this year, a figure that has changed little in the past three years and is nearly 18 million larger than in 2000.

Tags: Investment Business Daily,  economic impact,  immigration bill, native born, Americans, immigrants, amnesty, illegal aliens To share the post, click on "Post Link." Please mention / link to Blogs for Borders. Thanks!


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