Moody's Economist: Stricter Immigration Policies Won't Create More Jobs for Americans
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·1 viewsMoody's chief economist Mark Zandi has argued that tightening immigration policies does not translate into more employment opportunities for native-born American workers. Current data shows that unemployment among native-born workers is now higher than among foreign-born workers. Labor force participation has declined as employers continue to cut jobs. A shrinking labor supply, driven by an aging workforce and reduced immigration, is raising concerns among economists. Experts warn that worker shortages could push businesses to scale back operations and increase prices for consumers.
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