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Economy

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mahatmakanejeeves

(62,582 posts)
Wed Sep 7, 2022, 03:20 PM Sep 2022

Legal immigration has plummeted since the pandemic, contributing to labor shortages and cutting GDP [View all]

The Conversation

Opinion: Legal immigration has plummeted since the pandemic, contributing to labor shortages and cutting U.S. GDP by 1.1% a year

Last Updated: Sept. 7, 2022 at 2:49 p.m. ET
First Published: Sept. 6, 2022 at 1:15 p.m. ET

By Jose Ivan Rodriguez-Sanchez

With the U.S.-born population rapidly aging, economic growth will increasingly rely on immigrants taking some of the millions of jobs that are left unfilled

With Americans having fewer children and the nation’s labor force getting older, many employers in manufacturing, aviation and other industries are having trouble finding enough workers.

{snip}

The gap between the demand for labor and its supply was already forming in 2017. By 2018, the U.S. economy had increasingly more job openings than unemployed workers. That gap has widened during the COVID-19 pandemic as more people have died, retired early or simply dropped out of the job market.

By July 2022, as the pandemic’s effects on the workplace were easing, the U.S. had 11.2 million job openings but only 5.7 million unemployed workers who might fill them.

{snip}

I’m a scholar of immigration and economics who researches a trend that’s driving labor shortages: declining numbers of immigrants allowed to legally work in the U.S. When I study these numbers, I see an important opportunity to resolve labor shortages that are wreaking economic havoc.

{snip}
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