‘Unprecedented’ immigration boosts US economy – Dallas Fed

Unprecedented immigration to the U.S. is boosting economic output and employment, say researchers at the Federal Reserve Bank of Dallas.

“If immigration normalizes, it will return to rates that are insufficient to sustain the economic growth to which the United States is accustomed,” warn Pia Orrenius, Ana Pranger, Madeline Zavodny, and Isabel Dhillon. “The nation is in a kind of demographic fall, with winter coming.”

“The retirement of the baby boom generation and the overall aging of the workforce, as well as the low level of