Immigration boosts the economy – in Colorado and across the U.S. But new policies are needed to maximize gains and make it harder for employers to abuse workers, according to a new Colorado Fiscal Institute study which found that each year, immigrants generate $54 billion in state economic output.
Despite widespread claims that immigrants are coming to take jobs from U.S.-born Americans, Sophie Shea, policy analyst with the Colorado Fiscal Institute, argues that immigration actually increases opportunities for all Coloradans.
“Research shows, study after study, that there is no fixed number of jobs in the state. When immigrants move to Colorado, the economy grows. That doesn’t mean fewer jobs, that means more jobs,” she said.
More than a half-million Colorado immigrants work in low-wage, middle-wage and higher-wage jobs. They are nursing assistants, cooks and software developers. Nearly one in five small businesses in the state was launched by immigrants, creating jobs for U.S.-born and new residents alike.
The report also shows how immigration has led to better, not worse, wages for U.S.-born workers.
Immigration has come under increasing scrutiny, fueled in large part by misinformation. Immigrants are tapping taxpayer-funded programs like food stamps, for example. Undocumented immigrants are not currently eligible for safety net programs. But in 2022, they contributed over $436 million in state and local taxes, a number Shea says could be…
