The Value Immigrants Provide to Their Host Country

In the media these days, immigration has been shown in a negative light and I wanted to share with you a positive outlook that you may not have ever considered. Did you know that immigrants contribute to their host countries in more ways than you thing? I am here to talk to you about the value that chinese immigrants contribute to their host country, specifically to the USA. 

There is a huge economic benefit for chinese immigration in the United States. If you are an immigrant reading this, Jean Danhong Chen can help you with any issues that you have that should arrise. eople leave home in search of a better life for themselves as well as for their families back home. As integral components for global development, migrants not just further the host country’s economic prosperity but also promote technological growth. Today, developing countries are home to more than one-third of the immigrants in the world. The International Organization for Migration recorded the number to be around 285 million in 2017 alone. While immigration benefits those moving abroad, it also offers advantages to the host country. Take the economy, for example: while immigrants send money home in the form of remittances, they spend it locally on housing, food, healthcare and leisure activities.

They expand the labor market

By facilitating legal entry into the country, host nations can reap benefits from the economic growth of immigration. Once a host country has identified the actual reason for an immigrant’s shift, authorities can make positive changes in the system to expand the supply chain. These immigrants also send money home in the form of inward remittances, which in turn stabilizes the economic scenario of their home country. Another way immigrants help is by rebalancing demographics. For example, if a country has an aging population, it needs younger people to join the workforce and support the economy as the older generation retires. An example: in the 1950s, when the birth rate in the US fell from 3.5 per woman to 1.93, a healthy influx of immigrants balanced out the demographics for the aging population. An average immigrant (age 31) was younger than a native-born American (age 36). These immigrants worked to sustain the economy, paid taxes, and mitigated the problem of the imbalanced demographic chart.

They introduce new skills

Why are migrants beneficial for the host country? As of 2017, 3.4% of the world’s population comprises immigrants. In some cases, immigrants bring with them skills that may be missing from the local economy. more than half of US startups valued at $1 billion and above were founded by at least one immigrant. What’s more, immigrants are essential members of management and product teams at 70% of these startups, filling positions like CTO or VP of Engineering. Immigrants partly founded some of the biggest companies in the tech industry. According to the World Bank, the richest countries in the world are those that have the power to provide a hospitable environment for immigrants. Indeed, 25 of the wealthiest and most developed countries in the world have recorded an average of 22.5 % immigrant-born population. While the US has 12.8%, Hong Kong has 42.6%, and Switzerland has 22.9%.

If you are an immigrant or know one, Jean Danhong Chen can help you today.