Mexico, migrants contribute at least 10 percent of U.S. GDP

teleSUR English

*Reports indicate that migrants contribute to increased productivity in the receiving country *Latino community provides $3.6 trillion worth of goods and services in the U.S. *12 million Mexican migrants live in the United States *Mass deportations of migrants in the U.S. could case an increase in the inflation rate *Arrival of working-age migrants helps mitigate lack of native labour in the U.S.

Transcript

00:00Mexicans and migrants contribute at least 10 percent of the U.S. gross domestic product's

00:05equivalent to $2 trillion, said they also made the growing demands of the U.S. labor

00:10market.

00:11Let's take a closer look with our correspondent Antonio Aranda.

00:18Various academic studies confirm that migration has economic benefits for the countries that

00:23host these people.

00:27Ariane is a migrant.

00:29She has been living in Mexico for four months.

00:32She works in a creamery and earns $100 a week.

00:35Half of that money stays in the local economy.

00:37The rest she sends to her family.

00:43We work to subsist ourselves and also to send money to our families.

00:52In the different countries, depending on the immigrant, the contribution is really significant.

00:57We are talking about having a contribution in the economy of the country.

01:00We really try to be helpful, compliant, responsible to comply 100 percent.

01:05A report by the International Organization for Migration indicates that migrants contribute

01:13to increasing the productivity of the receiving country, whether they are skilled or unskilled

01:17labor.

01:20We work from 7 in the morning to 5 in the afternoon, and we are always sending money,

01:25all the time, weekly, biweekly, monthly, but we are always sending.

01:29The migrants that are here, we try to save the money to be able to sustain and pay rent

01:34and pay for everything we need to pay.

01:41In the case of the United States, the value of goods and services from the Latin community

01:46amounts to $3.6 trillion, highlights a report presented at the morning conference of President

01:52Claudia Sheinbaum.

01:57If Latinos in the United States were a single economy, they would be the fifth largest economy

02:02in the world.

02:03They would be smaller than the United States as a whole, China, Japan and Germany.

02:08Latinos in the United States would be second only to those five countries.

02:19Twelve million Mexican migrants live in the United States, and last year, they sent $65

02:24billion in remittances, highlighted President Sheinbaum.

02:32Mexicans in the United States contribute to the national economy with remittances that

02:35represent their love for their family, their love for their country, and we thank them

02:39and call them heroes and heroines.

02:46But also Mexicans contribute to the economy of the United States.

02:54Due to economic integration, mass deportations of migrants in the United States could cause

02:59an increase in the inflation rate, explains this specialist.

03:06Let's assume that they do put in the natives, then of course prices go up and the services

03:11that the Latinos, the Mexicans, the undocumented are doing, all those kinds of things that

03:21are actually below the price of the cost that is paid and that they consume less, but produce

03:25a lot.

03:26There is a lower level of inflation at the moment that there is no clear inflation that

03:30can go up.

03:34In the United States, the arrival of migrants of productive age helps to mitigate the lack

03:40of native labor caused by the aging of the population.

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