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Research shows immigration law offers benefits in United States

Whether immigration hurts or helps the United States remains a touchy topic in New York and other parts of the country. This question yields different answers according to American citizens' various political positions and attitudes toward immigration law. However, research shows that the overall benefits of immigration mostly outweigh its costs.

According to researchers, immigrants have historically been able to drive innovation, create jobs and enhance the productivity of both visa-holders and American citizens. In fact, a recent technology leadership council report indicated that either the children of immigrants or immigrants themselves founded 40 percent of today's Fortune 500 businesses. Furthermore, immigrants started over 50 percent of startups in the United States that are worth at least a billion dollars.

In addition, a 2013 research study revealed that immigrants either co-founded or founded 33 percent of the venture-backed firms that ended up going public from 2006 to 2012. Researchers have also emphasized that immigration plays an integral role in the economic growth of the nation. For instance, a report that was published last September indicated that immigrants decrease the prices of services and goods, which helps customers.

Based on recent research, immigrants also drive up demand in major sectors, including housing, thus benefiting the residential real estate market. Unfortunately, conflict continues to exist regarding the benefits of immigration law. Those who lack the proper paperwork may find it hard to navigate the current political environment while striving to complete the process for becoming U.S. citizens, but an attorney in New York can provide them with the guidance they need every step of the way.

Source: usnews.com, "Immigration and Economics: By the Numbers", Andrew Soergel, July 10, 2017

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