Impact of Immigration on the U.S. Economy

Immigration has a significant and positive impact on the U.S. economy, with approximately one in five workers being an immigrant. Many leading companies, such as Microsoft and Tesla, are headed by immigrants, underscoring their contribution to innovation and economic growth. Economists generally agree that immigration bolsters the economy, with the Congressional Budget Office indicating that it increases federal revenue more than it raises costs. Prominent figures, like the late Lee Kuan Yew, have described immigration as a 'secret weapon' of the U.S. economy, enhancing its ability to attract global talent and innovation.