Argumentative Labor Economics essay
Option 2: Employment of non-citizen workers is good for the economy, and therefore immigration is a net benefit that should not be restricted.
In most nations, there have been great debates on whether it is beneficial for nations to involve non-citizens or foreigners in the labor sector. Economics argues that the non-citizens contribute a lot to the overall growth of a country through the provision of labor services in which some of them are the most needed. Employment rates in most nations are low due to some reasons lack of enough expertise to undertake the job positions which require advanced level of skills. There has always been a shortage of experts in some professional fields, something which has contributed immensely to a drop in the economy, thus affecting other sectors of the economy, such as the private sector. This gap can best be bridged by allowing for non-citizens to take part in the economy building by offering their services in the labor sector. This approach is useful in boosting the overall growth of the economy, and it can best be implemented by supporting immigration. Therefore, it is essential to note that labor from immigrants is critical in growing the economy and should not be restricted.
According to the article published in the United States by Economic Policy Institute, It is evident that the high economic growth in the United States has been significantly contributed by the economic labor value of immigrants living in America. It is estimated that over fourth million immigrants reside in the United States. This reflects about 13% of the total population of America (Daniel Costa et al., pp. 13). Based on the article, immigrants contribute to the growth of the economy in several ways. For example, the money taxed on the earning or wages, as well as the value accumulated from the immigrant investments in the nations they reside from, assist a lot in boosting the economy. Don't use plagiarised sources.Get your custom essay just from $11/page
The investments established by immigrants play a significant role in further creating more employment opportunities to the locals, thus reducing the burden of high rates of unemployment. It is a matter of the fact that unemployment affects the growth of the economy negatively. Still, immigrants have a direct positive impact on the economy, as indicated in the article. For instance, immigrants in the United States share a total of about 14.7% of the US economy based on economy index rates calculatedbetween 2009 -2011.
Based on the article “Economic Prospects,” written by Robert Pollen, it is evident that immigrants don’t affect the growth of the economy negatively. Pollin argues that immigrants share the job opportunities available with the natives, thus boosting economic production in a country (Robert Pollin, pp. 2). The article is in support of the full benefits offered by immigrants in the United States economy, such as activities like paying taxes, start their businesses, among others.
However, immigrants have the potential to affect the economy negatively, especially if the government policies are not favorable.According to the article on Economic Prospects, Pollin argues that a high number of immigrants in a nation tend to reduce the job opportunities and the minimum wages for the natives something which may affect the living standards of the locals (Mark Weisbrot et al., pp. 16). This tends to impact negatively on the rapid, sustainable growth of a stable economy. Some government policies imposed on immigrants bygovernments tend to affect the growth of the economy. Forexample, the US immigration history shows that by 1965 there were many immigrants in the US, something which forced the government to establish immigrant quotas. The immigrants had caused high competition for resources and government services, thus leading to a drop in the economy.
In conclusion, both the positives and negatives of immigrants or non-citizens towards the economy should be weighed fairy to give significance to sustainable economic growth. On citizens impact positively on the growth of the economy in many ways, such as earning and establishing medium investments. They also affect the economy negatively by reducing job opportunities that should be shared among the natives or locals.
Work Cited
Daniel Costa, David Cooper& Heidi Shierholz, 2014. Facts About Immigration And The U.S Economy. The article Economic Policy Institute. Pp. 1-19
Mark Weisbrot, Stephan Lefebvre & Joseph Sammut, 2014. Did NAFTA Help Mexico?. The article, Center For Economic and Policy Research. Pp. 1-23
Robert Pollin, 2015. Economic Prospects. Published Article. Pp. 1-4