CEOs to Congress: Import More Cheap Labor

CEOs to Congress: Import More Cheap Labor

The accumulated workforce of imported blue-collar and white-collar labor — which receives roughly 1 million new immigrants per year — reduces pressure for labor-saving investment and also shifts roughly $500 billion per year from employees towards employers, post-graduate professionals, and investors.

For example, a new chart shows that annual wage growth (including inflation) rises above 2 percent once the “prime age non-employment rate” drops below 23 percent.

Permanent Relief for Long-Term TPS Beneficiaries: The Senate should provide permanent legislative relief for long-term beneficiaries of the Temporary Protected Status program, such that beneficiaries will not be deported and will be able to continue to work in the U.S. No Reduction in Legal Immigration: A functioning immigration system should promote legal immigration, not discourage it.

A reduction in legal immigration will hinder overall economic growth and only encourage additional illegal immigration … Workable Agricultural Guest Worker and E-Verify Systems: The Chamber continues to support a mandatory E-Verify system based upon the Legal Workforce Act as introduced in the House.

But the federal government inflates the supply of new labor by annually accepting roughly 1.1 million new legal immigrants, by providing work-permits to roughly 3 million resident foreigners, and by doing little to block the employment of roughly 8 million illegal immigrants.

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