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Morgan Stanley's - 1 — - 1 Wendy Edelberg - 1 Tara Watson - 1 Watson - 1 Ellen Zentner - 1 Zentner - 1
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☆ Undocumented immigrants are boosting the labor market and helping the US avoid recession, experts say
  + stars: | 2024-03-12 | by ( Aruni Soni | ) www.businessinsider.com   time to read: +3 min
Undocumented immigration has boosted the labor market, helping steer the US away from a recession, some experts say. Morgan Stanley's chief US economist has also recently cited undocumented immigration as a positive labor-market force. AdvertisementHere's a question that's been lurking beneath the stellar economic resilience in the US: how has the labor market stayed so strong? "It has boosted the labor force, it has boosted supply for labor, it has boosted job gains. AdvertisementThe labor market has recorded gains stronger than that, posting an addition of 275,000 jobs in February.
Persons: Morgan Stanley's, —, Wendy Edelberg, Tara Watson, Watson, Ellen Zentner, Zentner Organizations: Brookings Institution, Service, Congressional, Office, Bureau of Labor Statistics, Bloomberg, Brookings
☆ US Declining Population, Worker Shortage Will Cause Economic Crisis Without a Fix
  + stars: | 2023-05-04 | by ( Gadel Valle | ) www.businessinsider.com   time to read: +15 min
That means that unless people start having a lot more kids, the US population could eventually start to shrink — just like China's population has. While the US population has managed to avoid an outright drop, population growth reached an unprecedented low of 0.12% in 2021. One way the US could encourage more immigration is by focusing on temporary visas for specific industries that need workers. And the treatment of workers in the country on temporary visas has been a problem for decades. After all, the US is running out of options, and soon its growing people shortage is going to spell economic disaster.
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