US Immigration Policies Counter Inflation, Outperforming Asian Economies from aprilya tkw taiwan Watch Video

⏲ Duration: 0:49
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✓ Published: 23-Mar-2024

Description:
The US has emerged as an economic leader in the post-pandemic global economy, outperforming Asian economies through significant post-pandemic immigration that addresses inflation and workforce challenges. Japan and Taiwan are experiencing slower growth, as aging populations threaten economic stability and increase reliance on volatile sectors like semiconductors. Immigration tends to increase overall output and even raise the average income of native workers due to introducing diverse skills into the labor force. The U.S. has reduced inflation without significant unemployment increases, partly thanks to the influx of foreign workers.