Post by account_disabled on Feb 26, 2024 23:06:12 GMT -5
The recent tragedy of the migrants, who died of asphyxiation inside the box of a trailer in San Antonio, Texas, reopened the discussion on an old and gloomy issue between the US and Mexico: The lack of regulation and immigration agreements and the mistaken assumption that they hurt the First Nation's economy, according to the Center on Budget and Policy Priorities .
Migrants have long contributed to navigating the economic crises that countries are going through. Basically, the remittances they send—that is, the capital they send to their relatives back home—have provided shelter to a large number of poor and vulnerable households.
The World Bank even projects that within three years, this type of income will exceed foreign aid and foreign direct investment combined, reflecting the extent to which global financial flows have been reshaped by this phenomenon.
How much money do migrants generate in the US?
How much money do migrants generate in the US?
According to the 2021 Migration and Remittances Yearbook by BBVA and the National Population Council (Conapo) of Mexico, the passage from Mexico to the United States was the main migratory corridor in the world in 2020, representing 3.9% of global migration.
In 2021, the arrests of Mexican people Chinese American Phone Number List at the US border reached historic figures: 70,630 arrests, the highest number since 2010. But, that is not all, the arrival of Latin inhabitants has a strong impact, since if the Latin American migrant population If the United States were a country, its Gross Domestic Product (GDP) would represent the seventh in the world, above South Korea, as pointed out by El Economista .
In addition to this, the economy it has generated in the United States exceeds 2.7 trillion dollars annually. While the migrant workforce and employers have improved the salary situation.
How much money do migrants generate in the US?
Latino migrants in the US economy
In 2019, one in five Americans was of Latino origin, according to the US Census Bureau, and in 2060, they are expected to be one in four, reaching a total of 119 million people.
With that in mind, it is difficult to doubt that this community plays a key role in the economy of the world's leading power. And although stereotypes have manipulated the reputation of the Latino migrant population for work, this is false.
Latino GDP Report indicates that 88% of the millennial generation finishes high school compared to 66% of other migrant groups; 48% finish university, while for the other populations the estimate is 32%.
In Mexico, more than 4.9 million households and 11.1 million older adults receive remittances from their relatives abroad, the main country of origin being the United States.
Likewise, during the COVID-19 pandemic, and given banks' expectations that this would affect jobs and salaries in many sectors that depend on migrants, in 2019, the latter sent home a record $ 554 billion . In that same period, Mexico received more than 38 billion dollars in remittances, in the month of March alone.
How much money do migrants generate in the US?
A door opens for regulation of migration… or not?
An effort by the North American Supreme Court could reverse the humanitarian disaster of the “Stay in Mexico” immigration program, which has prevented the migratory flow. The ruling provides that Joe Biden, current president, can rescind the program imposed by former President Donald Trump that forces certain asylum seekers who arrive at the southwest border to wait for approval in Mexico, as reported by The New York Times.
Migrants have long contributed to navigating the economic crises that countries are going through. Basically, the remittances they send—that is, the capital they send to their relatives back home—have provided shelter to a large number of poor and vulnerable households.
The World Bank even projects that within three years, this type of income will exceed foreign aid and foreign direct investment combined, reflecting the extent to which global financial flows have been reshaped by this phenomenon.
How much money do migrants generate in the US?
How much money do migrants generate in the US?
According to the 2021 Migration and Remittances Yearbook by BBVA and the National Population Council (Conapo) of Mexico, the passage from Mexico to the United States was the main migratory corridor in the world in 2020, representing 3.9% of global migration.
In 2021, the arrests of Mexican people Chinese American Phone Number List at the US border reached historic figures: 70,630 arrests, the highest number since 2010. But, that is not all, the arrival of Latin inhabitants has a strong impact, since if the Latin American migrant population If the United States were a country, its Gross Domestic Product (GDP) would represent the seventh in the world, above South Korea, as pointed out by El Economista .
In addition to this, the economy it has generated in the United States exceeds 2.7 trillion dollars annually. While the migrant workforce and employers have improved the salary situation.
How much money do migrants generate in the US?
Latino migrants in the US economy
In 2019, one in five Americans was of Latino origin, according to the US Census Bureau, and in 2060, they are expected to be one in four, reaching a total of 119 million people.
With that in mind, it is difficult to doubt that this community plays a key role in the economy of the world's leading power. And although stereotypes have manipulated the reputation of the Latino migrant population for work, this is false.
Latino GDP Report indicates that 88% of the millennial generation finishes high school compared to 66% of other migrant groups; 48% finish university, while for the other populations the estimate is 32%.
In Mexico, more than 4.9 million households and 11.1 million older adults receive remittances from their relatives abroad, the main country of origin being the United States.
Likewise, during the COVID-19 pandemic, and given banks' expectations that this would affect jobs and salaries in many sectors that depend on migrants, in 2019, the latter sent home a record $ 554 billion . In that same period, Mexico received more than 38 billion dollars in remittances, in the month of March alone.
How much money do migrants generate in the US?
A door opens for regulation of migration… or not?
An effort by the North American Supreme Court could reverse the humanitarian disaster of the “Stay in Mexico” immigration program, which has prevented the migratory flow. The ruling provides that Joe Biden, current president, can rescind the program imposed by former President Donald Trump that forces certain asylum seekers who arrive at the southwest border to wait for approval in Mexico, as reported by The New York Times.