A study covering the USA, Canada, Australia and EU countries shows that for the vast majority – 19 of the countries studied – immigrants provide boost to the economy. The report, from the Organisation for Economic Cooperation and Development (OECD), studied data from before and after the financial crisis and concluded that overall, immigrants are good for the economy of these countries.
This is good news if you're dreaming of living and working in Australia or getting a US green card. While it's never certain that hard facts will translate into sensible policies, if you're looking to migrate you can do it with a clear conscience, knowing that not only are you improving your own education or career prospects, you're also helping the economy of the country you move to.
There are a many reasons why immigrants are good for a society, but this report is only focussing on the financial aspects. The key factors are, therefore, that immigrants tend to:
As immigrants pay tax on the wages they earn they, like the young workers in the local population, tend to pay in more than they take out in the form of public services. Unlike locals, however, many immigrants return home when they marry or retired, meaning that they pay into a system they don't fully use. It's like paying for insurance and never making a claim – a good position to be in.
The maths is clear and it's easy to argue that young workers, particularly educated professionals, are good for an economy. This is what the report focuses on. However, at MoreVisas, we've got years of experience as visa consultants and we believe that immigrants of all ages and abilities can be good for the economy of their new country.
Established professionals bring their years of experience and wisdom to bear, allowing new countries to benefit from excellence achieved elsewhere. Families raise their children to be a bridge between two cultures, strengthening ties and improving each country's links to the global economy.
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