The Biden administration is slammed after the US President’s top economic advisers suggested that boosting the immigration and public spending on childcare could help the US economy.
According to Joe Biden’s economic advisers, allowing more immigrants to enter the United States would cover a large shortfall in the U.S. labor supply that threatens to curtail economic growth in upcoming years.
In the annual report released by the Council of Economic Advisers (CEA), they claimed that “the aging U.S. workforce, slowing population growth and declining labor force participation by both women and men have created “significant headwinds” for U.S. labor supply, which could depress economic growth and living standards for years,” Reuters reported.
In an exclusive interview with the media outlet, CEA Chair Cecilia Rouse told Reuters that “necessity is the mother of invention” before warning Americans that failing to enact a comprehensive immigration reform would harm the US economy.
Rouse also suggested the importance of allowing workers to balance home and work responsibilities to save the declining economy of the country.
Boosting immigration and public spending on childcare could help cover a large shortfall in the U.S. labor supply that threatens to curtail economic growth in coming years, a new report by President Joe Biden’s top economic advisers concludes. https://t.co/erGyPdlZop— NEWSMAX (@NEWSMAX) March 21, 2023
The CEA’s report comes as the Congress strongly resists Joe Biden’s efforts to enact immigration reform which would guarantee paid leave for all workers as well as boosting childcare options.
According to Rouse, the changes were imperative to ensure U.S. growth, arguing that “these are not political issues; these are economic issues. If we want to continue the kinds of economic prosperity that we count on … we have to have all hands on deck.”
Moreover, Reuters also revealed that “Labor force participation has begun to recover after an abrupt shock caused by the COVID-19 pandemic, but remains lower than it was in the 2000s, the report noted. COVID accelerated the trend, with more older workers retiring, while declining U.S. life expectancy was removing other workers.”
The media outlet then wrote that the CEA’s report claimed that “allowing more immigrants to enter the United States, and legalizing the status of 11 million people already in the country without authorization to work, would offset the aging demographics and boost innovation, without a big impact on the wages and employment of the existing population.”
Following the release of the report, it sparked a massive controversy, with American netizens, airing their concerns over the said issue.
“Why do I have to pay for other people’s childcare? Parents can work opposite shifts,” one netizen said.
“What about getting the whiny college students with debt jobs before the illegal immigrants??? Then, the whiny college students wont need a loan forgiveness, we all will save with less taxes!” one netizen lamented.
“I thought the worker shortage was supposed to be fixed with all the illegals he let in, nobody wants to work when the govt is giving away free money and cell phone and food and housing, and the illegals that are working don’t pay taxes just lower wages for the rest of the workers,” another added.
