"Higher GDP per capita means a higher standard of living for Americans."
Research from FWD.us shows that the U.S. must substantially increase the number of immigrants admitted to the U.S. each year to grow our competitive advantage and expand our future workforce. Increasing annual immigration levels to allow more than 2 million new immigrants to come each year could help reverse downward demographic and economic trends, and would increase U.S. gross domestic product (GDP) to $47 trillion in today’s dollars by 2050.
In addition to growing the size of the national economy, increasing immigration would also raise the standard of living for Americans by boosting GDP per capita—that is, each person’s share of economic output. That’s because more immigration would not only grow the economy, but also grow the working-age population as well, leading to a more productive and prosperous economy. Higher GDP per capita means a higher standard of living for Americans, and a greater share, on average, of the country’s prosperity.
According to our latest estimates, a modest increase in immigration over recent levels would increase annual GDP per capita by $1,300 in today’s dollars by 2050, projected to be $93,200 in 2050 if immigration levels were increased by 50% in the coming decades, compared with $91,900 if recent immigration levels continued.
More significant increases in immigration—enabling more than 2 million immigrants each year to come to the U.S.—would lead to a $2,500 increase in GDP per capita by 2050.