~ interesting find I came across while reading this morning, enjoy ~
he heated debate in the United States over immigration often raises questions about the economic value—or cost—of the nation’s immigrants.
Some policymakers blame foreign-born workers for taking coveted jobs and slowing wage growth. Others argue that immigrants in the workforce fuel innovation; bring education, skills, and specializations; and make significant contributions to economic productivity. They use their wages to buy consumer goods, services, houses, and businesses that create jobs for other workers.
WalletHub, a personal finance website, compared the economic impact of foreign-born populations in the 50 U.S. states and the District of Columbia. It analyzed 20 indicators such as immigrants’ income levels, rate of home ownership, the share of businesses they own, and how many are so-called STEM workers—those in science, technology, engineering or mathematics.
Using such factors, it measured how much states benefit from their immigrant populations, the socioeconomic contributions of foreign-born residents, the brain gain of skills and experience provided by highly educated immigrants, and the economic role played by international students.
It looked at states’ shares of foreign-born workers, the number of work visas per capita, second-generation households, Fortune 500 Companies founded by immigrants or their children, and jobs created by the economic contributions of international students.
WalletHub ranked the states and the District of Columbia according to how much or how little their economies benefit from immigrants. It used data from a range of sources, including the U.S. Census Bureau, Bureau of Labor Statistics, National Academy of Sciences, American Immigration Council, and Center for American Entrepreneurship.
States such as Maryland stand out for having the highest median household income among its immigrant residents, while New Mexico had the lowest. The District of Columbia had the highest share of foreign-born adults with college educations, Wyoming had the smallest percentage of foreign-born STEM workers.
Overall, find out which state has benefited the most economically from its immigrant population and which state the least.
– Total score: 77.0
– Workforce rank: #2 among all states
– Socioeconomic contribution rank: #1
– Brain gain & innovation rank: #4
– International students rank: #8
Among all states, California gains the most in socioeconomic contributions from immigrants. It has the greatest percentage of jobs generated by immigrant-owned businesses, seven times as many jobs as are generated by those types of businesses in West Virginia, which has the smallest share in the nation. California has the highest percentage of foreign-born STEM workers, tied with New York, New Jersey, and Delaware.
For the complete list from Slacker, click here