From Nasdaq:

Economist Paul Krugman stated that immigration has played a key role in Biden’s economic success, debunking the myth that immigrants have stolen jobs from Americans. Krugman provided data showing that foreign-born workers have contributed to labor force growth, bringing down inflation. He also noted strong consumer assessment of the labor market in January.

Krugman further argued that employment is being constrained by supply, not demand, and that foreign-born workers expand the supply without causing inflation. He shared evidence that foreign-born workers are complementary to native-born workers, benefitting the economy and raising native-born employment. Krugman also stressed the short and long-term benefits of immigration to the U.S. economy.

Immigration has been a major electoral issue, with Redfield & Wilton Strategies and Monmouth University polls showing its significant impact on Biden’s approval rating and election prospects. Elon Musk criticized the Biden administration’s focus on legalizing large numbers of immigrants, accusing the president of seeking a “permanent majority.” An Arizona voter poll also highlighted immigration as a key electoral issue.

These findings show that immigration has become a central issue in U.S. politics, with significant implications for Biden’s approval and electoral prospects. Paul Krugman’s analysis sheds light on the positive economic impact of immigration and debunks common misconceptions about the role of foreign-born workers in the labor market. This news also highlights influential voices, such as Elon Musk, shaping the immigration debate.



Read more: Paul Krugman Details Why Immigration Has Become Campaign Issue: ‘It’s Becoming Harder For Republicans To Run Against Biden On The Economy’