"and that story has gotten much less attention. It's not just that migration is one of the best known mechanisms to lift people out of poverty. Studies suggest those who move from poor countries to work in rich nations like the United States often see a four-to-five fold increase in the amount they're able to earn, and sometimes way more."
"What leads Yang to argue this is that immigrants in the United States send a jaw-dropping amount of money back home to their families. These remittances, as they're known, have dwarfed the size of official foreign aid that the U.S. spends on things like economic development, health, and humanitarian assistance. In fact, the United States has far and away been the number one source of remittances in the world."
The Trump administration shut down USAID and slashed international aid spending earlier this year. Development advocates warn those cuts could harm developing economies and cause deadly consequences for the poorest people. Anti-immigration policies can significantly reduce migration opportunities and thereby impede economic development in poor countries. Migrants who move to rich nations often increase earnings four- to fivefold or more. Immigrants in the United States send large remittances that dwarf U.S. official foreign aid; the United States was the largest remittance source, with almost $80 billion sent to origin countries in 2022. Immigration restrictions have already disrupted remittance flows, producing large drops in some countries and record surges in others, directly affecting household incomes and national economies.
Read at www.npr.org
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