During human migration, people move from one place to another, either permanently or temporarily, with the intention of settling somewhere new.
Migration happens for many reasons, some of which include:
- Hunger and food shortages
- An unhappy life
- A lack of quality education
- Few opportunities
- The lack of jobs, among many other reasons.
The United States receives a large number of foreign migrants each year. In fact, it is estimated that immigrants to the United States are 27.5% of entrepreneurs, but only 13% of all residents.
Furthermore, skilled immigration to a country has been shown to increase economic growth and the quality of life within the home country in the long run, especially if these skilled workers get productive. In the long run, expanding customer demands for goods and services leads to more business creation and increased investments. By fulfilling labour needs and paying taxes, immigration also promotes economic growth.
In addition to its direct effects on jobs and wages for natives, migration’s impacts on businesses also include increased competition, resulting in continuous improvement in business conditions, technology transfer, and the development of multinational supply chains.
According to research, experts argued that immigration could boost productivity and per capita growth in the United States. This argument holds true if immigrants are less skilled or work in jobs with lower productivity. Like earlier mentioned, skilled workers lead to greater economic growth if they put their skills into productive use that can benefit their home country.
Research also shows that immigrants have helped businesses in the United States grow. This is particularly true since immigrants represent 27.5% of entrepreneurs, it means that on the average, immigrants contribute twice as much to US entrepreneurship.
Several reports claim that immigrants benefit the economy in the United States, and that their businesses are successful due to their growth mindset. This perspective reflects the fact that those who are willing to uproot their lives for something better will bring about positive change in their new surroundings. Also, immigrants are most times ready to adapt and work their ways through new government policies. They are also ready to bring their international experience into the scheme of adaptability.
If immigrants worked, and are highly productive at their work, per capita GDP would increase and vice versa, therefore, it is agreed that migration brings about economic growth and business expansion.