Study: how immigrants affect the economy of New York

In New York - the city of immigrants - there are a huge number of people who have moved here from different countries. A recent study showed how they affect the state economy. This publication writes The jewish voice.

The study was conducted by WalletHub, a personal online finance company. Experts compared the economic impact of people born outside the United States across 50 states and the District of Columbia. For this, 23 indicators were used that determined: which states receive the greatest, and which - the least benefit from immigration.

According to the study, New York ranks first: here the proportion of the population born abroad is about 23%. This is the second largest indicator in the country. This state has an average income percentage of over 25%, which is reportedly the highest in all of America.

In New York, immigrants live mainly, as well as their children. These figures suggest that most of New York’s total income, from the general population, comes from immigrant families.

WalletHub analyst Jill Gonzalez said there are a number of factors to consider. Immigrants make up the third largest proportion of foreigners, the second largest proportion of foreign entrepreneurs and the second largest proportion of doctors who graduate from international medical schools. In addition, New York has a large number of international students studying as the city values ​​the brain gain and innovation that immigrants bring.

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Alan Hyde also contributed to the WalletHub report. Hyde, a professor of law at Rutgers University, said, "They (immigrants - Ed.) Are bringing cities to life," adding that the neighborhoods where newcomers live have a low crime rate. Also, immigrants, Hyde said, hold important jobs, and their taxes and social security contributions keep systems afloat.

According to the Census Bureau, despite the fact that immigrants make up only 16% of residents with a bachelor's degree or higher, they account for: 33% of engineers, 27% of mathematicians, statisticians and 24% of physical scientists.

It was also estimated that within three years, immigration reform could support the creation of about 900 thousand jobs in the United States. Immigration reform legislation can also reduce the federal deficit by $ 2,2 billion over 10 years, in line with the non-party version of the Congressional Budget Act 2010, approved by the House of Representatives.