Recent Reports Highlight Importance of Immigration to U.S. Economy and Need for Reforms

  • Market strategist and economist Abby Joseph Cohen of Goldman Sachs, discussed a December 2018 Goldman Sachs research paper on economic disparities among various U.S. states.

As summarized in a March 27, 2019 interview, Cohen said that

One of the reasons our economy has been stronger and grown faster than the economies in Europe and Japan — and I’m comparing us to the developed economies — is because we have faster population growth. And we have faster population growth in large part because of immigration….

(L)arge cities in the US, in which some 30 percent of the population is made up of immigrants, “are doing extremely well,’ with a rise in jobs and income since 2009. This same prosperity has not been seen in the smaller towns and rural areas, where the immigrant population is under 5%

Cohen noted that she views with concern the current administration’s policies, which have led to a reduction in the issuance of visas for international students and for professional specialized knowledge works, as antithetical to economic growth.

The report notes how the H-1B visa program is out of sync with the needs of companies, and of international students and professional level talent who want to be able to work and stay in the U.S.


Congress should take heed of these reports and advance an agenda to modernize our immigration laws to retain our values, and our economic strength, as a country that welcomes immigrants.