Immigration policy and labor supply
摘要
A panel discusses the implication of recent changes in immigration policy. Most of the recent growth in the US population and labor supply has come from immigrants, and immigrant-intensive industries have tended to be the fastest-growing ones. Immigrants are both disproportionately low- and highly-educated, and their fiscal impact varies by the number of generations immigrant groups are in the US, and differs at the federal and state and local levels. The sudden 2025 change in immigration policy has resulted in little or even negative net migration to the US, and has meant a sharp reduction in the amount of employment growth consistent with a stable national unemployment rate.