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Skilled Immigrants Pump New Jobs into The Job Market Due to Their Abilities as "Unusually Successful" Entreprenuers

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First Posted: Feb 11, 2014 02:09 PM EST
Small Business Saturday
(Photo : Reuters)

"Latinos are taking all of our jobs" is a statement that's been disproven time-and-time again, but indisputable evidence that the contrary is true comes in the form of proof that immigrants are keen entrepreneurs, actually offering more jobs to the American job market, helping to enhance the local and national economy. Roughly 25 million of the 53 million Hispanics living the United States today are immigrants -- legal and undocumented -- and they help to stimulate the nation's financial market.

Immigrants, risk takers by nature, are "unusually successful" entrepreneurs. Their instinct toward ingenuity and creative approaches to business is a national asset and is exactly what is needed in the Midwest if it intends to contend with other regions and grow economically. Twice as likely as native-born Americans to launch their own firms, immigrants prove that they have a tactic toward development initiatives and rapid progress. Revitalization in the Heartland of America: Welcoming Immigrant Entrepreneurs for Economic Development, a study authored by Paul McDaniel and published by the Immigrant Policy Center, establishes the link between well-fueled economies and immigrants, who help to initiate growth in areas where population decline and stagnant growth is an issue. Entrepreneurs and immigrants welcome and retain newcomers, close skill gaps and revitalize the economy.

The Fiscal Policy Institute observes that immigrants' economic role in the nation's 25 largest metro areas has led to direct improvement, so much so that many cities promote immigration for the distinct advantage that it leads to greater job creation; expands the workforce; it boosts home values; reduces vacancies; and resolves many foreclosure problems.

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Metro areas, particularly in the Midwest, that feel the effects of an aging population and low employment growth have begun to beckon immigrants, and they started to integrate initiatives to draw immigrants to their areas as an upward economic strategy. Entrepreneurship, an essential driver of local economies, is, by and large, led by immigrants in many areas. Skilled immigrants can be credited for creating public and private organizations, offering goods and services, and revamping neighborhoods and streetscapes. Markets, retail shops, restaurants, CPA services, and much more becomes available because of their contribution.

"According to U.S. Census data, as recently as 2007, highly-skilled 'legal' immigrants had become essential in many key economic sectors, constituting fully 44 percent of all medical scientists, 37 percent of all physical scientists, 34 percent of all computer software engineers, 31 percent of all economists, 30 percent of all computer engineers, and 27 percent of all physicians and surgeons. With citizen members of the 'baby boom' generation entering retirement in ever-increasing numbers, demographers predict that pressure to recruit highly educated and highly skilled immigrants will continue to rise," said David G. Gutierrez in a report entitled An Historic Overview of Latino Immigration and the Demographic Transformation of the United States.

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