Formal Business Report - Immigrants

Formal Business Report - Immigrants - Petar Triva Fall 2008...

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Petar Triva Fall 2008 Tech/Comm in Business IMMIGRANTS AND THEIR IMPACT ON THE US ECONOMY -Formal Business Report-
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For this research paper I picked a contemporary topic about immigrants, because their impact on the US economy and life in general is becoming very important and much discussed about these days. Over the years, immigrants have always been coming to this country for a variety of reasons. Many of them came just because of the economic appeal and opportunity. While running away from poverty and hunger, they saw their only chance of success here in this so called “land of opportunity”. The US economy has not disappointed them. It has accommodated an expanding labor force that today includes 1.5 million immigrants per year who spend a significant amount of money on housing and consumer goods and help stimulate the economy and increase the demand for more workers. Today's immigrants arrive from all parts of the world. The current phase of immigration history began in 1965, when strict quotas based on nationality were eliminated. In 1978, the United States government set a single annual world quota of 290,000, and this ceiling was raised again in 1990 to 700,000. During the 1990s, immigrants have arrived at a pace that at times has exceeded one million new arrivals per year, and have settled in all parts of the country. Between 1990 and 2001, the civilian labor force grew by nearly 16 million to 141.8 million. Half that growth was due to immigrants who entered during the period of economic growth for the nation. New immigrants made up 79 percent of the increase in the male civilian labor force, versus 30 percent of the increase among women. (Bls.gov, 2008) According to the latest information from the Bureau of Labor Statistics, 56 million new jobs will be created in this country between 2002 and 2012. During this same period, more than 75 million Americans will retire, and declining native-born fertility rates will be approaching replacement level. Various experts consider new immigrants a necessary labor to meet this upcoming shortage of work force. (Bls.gov, 2008)
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There are many so called myths that the American public has about immigrants. General opinion of an ordinary American-born worker is that the immigrants are the people that steal their jobs. Studies show that that is not true. The real problem lies in the policies of big corporations that are
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Formal Business Report - Immigrants - Petar Triva Fall 2008...

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