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November 29, 2007

The Role of Immigrants in the New York State Economy

The Fiscal Policy Institute this month published a report entitled Working for a Better Life: A Profile of Immigrants in the New York State Economy, studying the integral economic and social role immigrants play in that state. The report is part of a joint project with The New York Immigration Coalition called The Truth about Immigrants.

The authors of the report state that "immigrants are such an important part of the New York economy that “cracking down” on immigrants clearly could have unintended consequences with significant negative impacts," not just on the immigrants themselves, but on the entire state at large. Part of the reason for this, the authors assert, is that foreign-born residents, who make up over 30% of the population of workers commuting into New York City each day, and who comprise 50% or more of the suburban New York City workforce in areas such as services, construction and manufacturing, funnel upwards of $229 billion into New York's economy, contributing 22.4 percent of the state's gross domestic product. Combine this economic impact with the undeniable social contributions immigrants make in the state, the authors conclude, and it is clear that "getting the immigration equation right is critical" to New York's success in the future.

The full report is available on the Fiscal Policy Institute's website at; www.fiscalpolicy.org.

Posted by VisaLawyer at November 29, 2007 06:28 PM

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