Immigration Increases Economic Growth and Decreases Inflation
Filed in archive Europe by Matthew Schulz on December 19, 2007
Increased immigration is given credit for Britain's economic growth and lower inflation - lessons the United States would do well to learn!
The BCC News reports an Ernst & Young finding that foreign-born workers appear to have filled about two-thirds of new UK jobs in the last five years, with an estimated 1.5 million immigrants to the UK since 1997. Economic growth at 3% per year over the next decade is predicted if immigration levels remain constant, whereas the level drops to 2.2% with zero immigration. The UK relies heavily on immigration and foreign workers to man its work force. The BBC reported that foreign-born workers account for 11% of the workforce.
See UK growth 'helped by immigration' , BBC News, December 18, 2007, for the rest of the story.
The BCC News reports an Ernst & Young finding that foreign-born workers appear to have filled about two-thirds of new UK jobs in the last five years, with an estimated 1.5 million immigrants to the UK since 1997. Economic growth at 3% per year over the next decade is predicted if immigration levels remain constant, whereas the level drops to 2.2% with zero immigration. The UK relies heavily on immigration and foreign workers to man its work force. The BBC reported that foreign-born workers account for 11% of the workforce.
See UK growth 'helped by immigration' , BBC News, December 18, 2007, for the rest of the story.
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United Kingdom UK Europe immigration visa work economy US jobs growth 2007 economic+growth
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