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Posted by Norka M. Schell, Esq.
Labor Force - in the short run, economic activity determined by demand the degree to which people consume, business invest and government tax and spend.
In the long run, however, economic activity is driven by the supply of resources, and the most critical resource turns out to be human capital.
The capacity of any economy to expand ever time is a function of growth in the labor force plus the productivity of that labor force.
Our economy needs human capital, whether we grow it at home or welcome it from abroad. What is happening on our southern borders is humanitarian crises at present, but could become a chronic economic crisis if we don't create a solution that provide a path to citizenship for the men, women and children who are risking their lives to come to this country.
*This article was extract from The Unsung Economics of Immigration at Forbes.
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