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Can the U.S. Economy Survive without Immigration?

The economy of the United States is one of the most powerful in the world. It is made up of many different sectors, including agriculture, manufacturing, and services. Immigration plays a vital role in the US economy, as it provides a source of labor and capital.

However, there are challenges that the US economy faces, such as inflation and recession. Can the US economy survive without immigration?

There are many factors to consider when answering this question. First, let’s look at the major sectors of the US economy.

The agricultural sector employs about 2% of the workforce and contributes around 1% to GDP. The manufacturing sector employs about 10% of the workforce and contributes around 11% to GDP. The services sector employs about 78% of the workforce and contributes around 68% to GDP.

As you can see, agriculture and manufacturing are not major drivers of the US economy. The services sector is by far the largest contributor to GDP. This is where immigration plays a vital role. Immigrants make up a large percentage of the workforce in this sector, providing labor that helps keep businesses running smoothly and efficiently.

Without immigration, it would be difficult for the US economy to maintain its current level of output. There would be a shortage of workers in many industries, leading to higher wages and prices for goods and services. This would likely lead to inflationary pressures and eventually a recession.

So can the American economy survive without immigration? It’s possible, but it would be much harder than it is today. The challenges posed by inflation and recession would be more difficult to overcome without the help of immigrants who provide vital labor for businesses across America."

Source: Fortune

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About the Author

Sergey Karpenko is a co-founder of Asian-links.com and a value investor who has lived in Asia for many years.

Sergey believes that Asia has become the powerhouse for the global economy in the 21^st century. Despite all its complexities, Asia offers tremendous opportunities for investors to get rich by cashing in on this vibrant region’s explosive growth.

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