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New York Economy Gets Major Boost from Immigrants

New York Immigrant

Despite its third-place status in immigrant population, New York receives the greatest economic assistance from immigrant workers of any state in the U.S. The financial impact on the state’s economy is derived from both skilled and unskilled workers as well as entrepreneurs. In contrast to the rhetoric often used to disparage the contributions of immigrants in this country, New York stands as an example of the economic benefits of these individuals in creating jobs and opportunities for others in the United States.

By the Numbers

According to a study by WalletHub, immigrants and foreign-born individuals comprise 30 percent of all workers in the fields of science, technology, mathematics and engineering in the state of New York. Immigrants and the children of immigrants were responsible for the creation of 59 percent of Fortune 500 companies in New York. Overall, about 27.5 percent of all New York workers were born in another country, which accounts for its third-place spot in number of immigrants per state.

Countering the Arguments

Many anti-immigration advocates argue that immigrants drive down the base wages for citizens of the U.S. by accepting lower rates of pay. While this contention is not generally supported by the facts, it is nonetheless used as a rallying cry for many who want to limit legal immigration and to eject undocumented immigrants from the U.S. immediately. The exceptional economic benefits provided by immigrants to the state of New York offer a counterargument to these claims and serve as a useful reminder of the many accomplishments of immigrants in this country.

Dealing with immigration issues can be a challenging undertaking that requires the help of a qualified New York immigration lawyer. At Pozo Goldstein, we offer assertive representation that can help you protect your right to live and work in the U.S. Our New York immigration lawyers are experienced and qualified to provide the most effective help for your case. Call us today at 212-201-9031 to schedule a free in-office consultation with us. We look forward to the chance to work with you and your family to help you achieve your version of the American dream.