In the US, there are 4 million more vacancies than applicants: how immigration and labor crises are connected

In the US, there are almost 4 million more vacancies than registered applicants. Some economists believe that the immigration and labor crises are linked. The edition told in more detail CNBC.

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In June, there were more than 9 million open vacancies in the US. Although this is less than last year's March peak of 12 million, this figure is still one of the highest since 2000.

“We lose roughly $1 trillion in manufacturing every year these jobs go unfilled,” said David J. Beer, associate director of immigration studies at the Cato Institute.

With 5,8 million unemployed in the US, some economists say all of those positions are unlikely to be filled by people who now live in the US.

Currently, US immigration policy prohibits many employers from hiring unskilled migrants.

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Beer explained, “In 1986, Congress banned people from working in the US without a permit. They made it impossible to hire someone who was in the US illegally or without a work permit.”

Some now argue that this protects workers already living in the United States, but public opinion is almost evenly divided on the issue. Fifty-one percent of Americans polled by the Cato Institute are concerned that immigration could reduce the number of available jobs.

Meanwhile, the number of vacancies remains at historical levels. Darrell Bricker, co-author of The Empty Planet: The Shock of Global Population Decline and CEO of Ipsos Public Relations, said: "The effect of an aging population shrinking is reduced innovation combined with the fact that you've simply exhausted what fueled economic growth."

He stated that the United States has "an enormous opportunity to mitigate some of the effects of a declining birth rate and an aging population with an immigration policy that can be a little more focused, not necessarily just on accepting any compassionate impulses, but on getting people to fill those gaps." in skills.

Canada, Bricker's home country, has a much more open immigration policy and partly attributes the rapid recovery from the COVID-19 pandemic to its approach to immigration.

Dani Bara, an assistant professor of international and public affairs at Brown University and a Venezuelan immigrant, remarked, "It could be argued that Canada has benefited greatly from the broken migration system in the US."

Bara and colleagues are developing what they call the Career Opportunity Network to inform decision makers about how migrants can help the United States economy grow.

“By studying every profession in every US locality, as well as projections and historical data, we can come up with numbers that far exceed the current limits in the US system, and we hope that these numbers will be taken as the basis for comprehensive immigration reform,” explained He.

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However, not all immigration experts agree that we need more open borders. Simon Hankinson, Senior Fellow at the Heritage Foundation's Center for Border Security and Immigration, said: “We're in a truly unique environment right now. We are sort of testing, expanding the boundaries of our national sovereignty and our ability to absorb people.”

Hankinson explained that the current visa system, especially in the case of the HB-1 visa, undermines the skilled labor market by attracting workers from abroad.

“It has never allowed the market to perform the function of raising wages. Then people want to go into these areas and fill these jobs,” he says.

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