Allowing greater immigration in the U.S. would result in stronger long-run growth that could mitigate many of the pension-funding issues.
Early retirement in the U.S. affects the economy in a couple of different ways, for example, a retiree most likely will depend on government assistance and with a short budget they will not spend a lot of money. A great number of Americans are retiring affecting the workforce, and the flow of immigrants migrating to the states is helping fill the empty slots. In the long run, if more immigrants form part of the economy it could alleviate superannuation. Some of the largest cities in the U.S. are occupied by immigrants, and they are a major factor for their economic growth. Cities with immigrant growth have been linked with economic growth while cities that do not have immigrant growth show low economic growth. One specific example of a flourishing city is Atlanta, GA. Felicia Persaud, journalist, (2009) reported …show more content…
Immigrants are important factors for these cities; they occupy a variety of positions from minimum wage positions to management or professional positions. They are being integrated into the system impacting the economy positively and even creating jobs for native-born. Population in these areas does not decline, but increase and keep these cities growing.
Even though certain urban areas have been neglected due to crime rate and poverty, immigrants still migrated into these inner-city areas. Documented and undocumented have migrated to these areas seeking job opportunities and even opening businesses. Renuka Rayasam, journalist, (2007) demonstrated that,
Recent studies show not only that immigrants are starting businesses at a faster rate than native-born Americans but that many of those businesses are refreshing neglected inner-city neighborhoods. From 1994 through 2004, while the number of new companies grew 9.6 percent in New York overall, in the Flushing neighborhood of Queens, an immigration magnet, they grew 54.6 percent