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Immigration Wave Delivers Economic Windfall. But There’s a Catch.
The influx of millions of unauthorized migrants in recent years has sparked a political firestorm that has paralyzed Congress and consumed election campaigns. But it also has a benefit: a bigger‚ faster-growing economy.
The precise scale of that economic boost was laid out in the Congressional Budget Office’s latest long-term budget and economic outlook‚ released Feb. 7. It estimates the labor force will be larger by 1.7 million potential workers in 2024 and 5.2 million more—...
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