President Joe Biden is projected to hugely boost the foreign-born workforce in the United States, adding about half a million to fill American jobs while tens of millions of Americans remain out of the labor market entirely.
Analysis from Goldman Sachs economists projects Biden’s ramping up the nation’s legal immigration system — which brings more than a million foreign nationals to the United States on green cards annually in addition to another million on temporary work visas — will add about 500,000 foreign workers to the workforce by mid-June of next year.
Monthly, the economists note, Biden is inflating the labor market with tens of thousands of foreign workers employers can hire, often at lower wages and with fewer benefits.
“… growth in the foreign-born labor force has accelerated by 50k to 160k per month this year, lifted by a surging foreign-born labor…
