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US risks losing world’s largest economy status to China without new migrants

by capitalizefinancial
April 8, 2021
in Sports
0
US risks losing world’s largest economy status to China without new migrants

The U.S. risks losing its status as the world’s largest economy to China by the end of the decade if it doesn’t increase legal immigration, according to a study released Wednesday by a tech industry group that favors admitting more foreign workers.

The report projects that the American economy will be three-quarters the size of China’s by 2050 under current U.S. population trends and immigration levels. FWD.us, an immigration advocacy group founded by tech industry leaders, conducted the study in conjunction with George Mason University.

President Joe Biden is pushing to overhaul the nation’s immigration laws to make them more “humane.” A proposal he sent to Congress would increase the number of people allowed to gain legal permanent residence each year by almost 375,000, according to a separate study by the immigration services group Boundless Immigration Inc.

Republicans have rejected Biden’s approach and have blamed a recent spike in irregular migration at the U.S. southwest border on the president’s rhetoric and policies.

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