The economic consequences of immigration are multifaceted from "summary" of Issues in the Economics of Immigration by George J. Borjas
Immigration has profound economic implications. The impact of immigration on the economy is not limited to just one aspect. Rather, it affects various facets of the economy in complex ways. Understanding these multifaceted consequences is crucial in shaping immigration policies. One of the primary economic consequences of immigration is its effect on the labor market. Immigrants bring both benefits and challenges to the labor market. On the one hand, they can help fill gaps in the labor force, especially in sectors with labor shortages. On the other hand, increased competition from immigrants can put downward pressure on wages, particularly for low-skilled workers. Moreover, the economic consequences of immigration extend beyond the labor market. Immigration also affects government finances. The fiscal impact of immigration depends on various factors such as the skill...
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