From Investing.com: 2024-04-12 06:46:00

BLS employment reports are defying economists’ estimates, leading to questions about the impact of immigration on job availability. Despite strong job growth on paper, many young college graduates are struggling to find employment. The influx of immigrants has contributed significantly to the labor market, boosting economic growth. However, most jobs created are in low-wage, less skilled sectors due to the need to lower costs and remain competitive. The profit motive behind hiring cheaper labor is evident, as foreign-born workers have gained more jobs compared to native-born workers. Immigration has positively impacted economic growth, but it has also led to suppressed wages and increased corporate profitability.



Read more at Investing.com: Strong Employment Data Might Not Reflect the Job Market’s Reality