Immigrants can also have positive effects on productivity and innovation from "summary" of Issues in the Economics of Immigration by George J. Borjas
One of the key arguments regarding the impact of immigrants on the economy is that they can contribute positively to productivity and innovation. This perspective challenges the notion that immigrants only take away jobs from native workers and highlights the potential benefits they can bring to the economy. Immigrants often possess skills and knowledge that may be lacking in the domestic labor force. By filling gaps in the workforce, they can increase overall productivity and efficiency in various industries. This can lead to economic growth and competitiveness on a global scale. Furthermore, immigrants can also stimulate innovation through their diverse perspectives and experiences. Research has shown that immigrants are more likely to start businesses and file patents compared to native-born individuals. This entrepreneurial spirit can drive creativity and technological advancements, benefiting society as a whole. Moreover, immigrants can contribute to a more dynamic and flexible labor market. Their willingness to take on low-skilled jobs that native workers may shun can help meet labor demands in certain sectors. This, in turn, can prevent labor shortages and keep the economy running smoothly.- The presence of immigrants in the workforce can have a multifaceted impact on productivity and innovation. By recognizing and harnessing the skills and talents of immigrants, societies can reap the benefits of a diverse and vibrant economy.
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