Immigrants- How To Give Them Credit

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Immigrants: How to Give the Credit

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I have been living in the United States for almost six years, and practically, there is a problem with

the immigrant community. I keep thinking about this topic because we, immigrants come to the

United States to do better; to have a better life, study, have a good job, and we work very hard to

get what we want, we sweat doing that and the end we succeed. Since his election, the president

of the United States talks about immigrants into the United States and how useless they are and

without any form of skill. Despite this, immigrants have an immense impact in this country such

as improving the economy, are skilled as more are involved in building with buildings being set

up in New York is the work of majorly Latino immigrants. This topic directly connects to President

Trump’s reference of Immigrants as ‘animals’ and ‘gang members.’ “You wouldn't believe how

bad these people are. These aren't people. These are animals”(Meraji, Code Switch). For example,

a Mexican immigrant, Salama Hayek came to the United States without documentation, and she

works hard as an actress in Los Angeles and succeeded. This rebuts President’s Trump opinion

that all immigrants are bad and unskilled as we are highly skilled and our only goal is to have a

better life (Meraji, Code Switch). Such remarks by the president have, contributes to the vilification

of immigrant families and those words are not only inhumane but also economically insensitive.

Therefore, this paper, thus, discusses the challenges immigrants pass through in their stay in the

United States and analyses the most effective way they can be recognized for their contribution

towards the development of the nation.

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Immigrants are perceived differently across different populations in the United States.

Most people think that immigrants are only from Mexico and the rest Latinos. Those who advocate

for them view them as people trying to survive through taking jobs that everyone else would not

do. In the White House, the administration regards them as criminals, a menace, individuals taking

American jobs and overexploiting resources of the state at the expense of the generosity of the

country. Most of the immigrant population in the United States is comprised of unauthorized

immigrants. Today, there are over 11.5 illegal immigrants in the United States. The Center for

Immigration Studies reports that, due to economic trends and regulations, illegal immigrants have

shifted from the traditional Latino and Mexican to include Indians and Chinese. China for instance,

as opposed to President Trump order for deportation, his wall has not succeeded in locking them

out. China continues to offer younger and highly skilled immigrants to the United States, “Thirty

percent of Chinese immigrants who obtain lawful permanent residence in the United States”

(Immergluck)

Despite the hurdles faced by immigrants, one thing is notable; immigrants have continued

to shape the United States for over 400 years. (Bernstein) opiates that, apart from having been a

critical demographic factor in the naturalization of the population, immigration was an “essential

determinant for the economic, social and political processes of the country.” Migration into the

United States has seemed to coincide with various fundamental transformations in the nation’s

economy. European immigrants led to the development of European settlements and allowed its

transition from a colony to an agricultural economy. The industrial revolution also contributed to

the rise of the United States as a global industrial power. In the modern day, immigration coincides

with issues of globalization and its transformation into a knowledge-based economy. Primarily,

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therefore, immigration across the different periods seems to be motivated by economic change and

helping the United States to attain new levels of economic, social and political development.

The policies on immigrants in the nations take years to be enacted and on rare occasions. This is

because any policy reform towards immigrants impacts both social and economic ties that drive

immigration in the first place. But today, the United States is on the threshold of overly new

immigration legislation that is seeking to address longstanding issues of immigrants and

immigration. The need for better legislation today is probably spurred by the 9/11 immigration

policy. The problem of international security threat continues to inform decisions on immigration.

Demby in Meraji’s Code Switch says that, “Nonetheless, the brand new Department of Homeland

Security aimed to, quote, "remove all removable aliens from the U.S." and requested the resources

to do so. And it meant that an ever-expanding list of offenses and civil violations.”

The number of immigrants in the United States exceeds 13 percent of the population with

over 42 million immigrants, and the numbers keep increasing. Foreign-born populations in the

United States is concentrated based on the proximity of states or modern states. For example,

California is advantageously proximate to Mexico and New York remains a preferred metropolitan

destination. Settlements into the United States are further encouraged by employment

opportunities in agricultural, food processing and construction sectors. The other critical factor

that immigrants seem to be aware forehand is the lowering cost of living and depopulation of

specific regions as a result of aging or internal migration. For instance, as a result of this, Nevada

and Georgia have become key destination sites.

Hainmuller and Daniel describe how immigration into the United States is made possible

through family reunification, satisfying labor market needs or through refugee status or asylum

seekers. Most common ways to immigrating are through family-based connections or

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employment-based channels, “Although most Chinese immigrants in the United States are legally

present, approximately 268,000 of them were unauthorized in 2014 because they were through

family assistance.” (Hainmuller and Daniel). The United States remains a crucial refugee country

and provides for protection to victims of political, religious or ethnic violence. Immigration is also

possible through the status of temporary visitors who come to the United States as tourists or for

study and diplomats. Through these, the number of immigrants has increased as a result of the

legislation that anyone born in the United States becomes a U.S. citizen. These individuals become

entitled to extended rights not accorded to non-citizens. Further, immigrants who have lived in

the country for over five years are given permanent residence. The other group of immigrants is

unauthorized immigrants who enter using fraud. Since 1970, numbers of illegal immigrants have

been peaking every year.

All these groups of immigrants have led to a policy problem over the years they have stayed

in the states. Though the number has been drawn by the rapid job opportunities, they have in turn

rapidly led to an increase in numbers of job opportunities “Immigrants own 10.8 percent of all

firms with employees providing job opportunities for thousands of Americans” (SEC). By

providing cheaper labor compared to the U.S. citizens, they have been viewed as contributing to

substantial economic growth. They are also highly skilled in different areas, and they offer their

expertise at a cheaper rate. Their contributions to the growth of the United States economy often

overshadows the social changes and pressure on public services they bring about. This makes the

issue of immigration to be a national issue of concern from different perspectives.

First immigrants are business owners who have founded or helped in founding and funding

businesses. The examples of Google, eBay, Sun Microsystems have immigrant roots. This can be

seen in the New American Fortune 500 report that says that, “Fortune 500 companies founded by

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immigrants are not confined to a small subset of industries or fields” They own businesses in a

variety of industries and make substantial contributions I both high skilled and low-skilled labor

markets. Secondly, immigrants are job creators, with industries created by immigrant employee

close to 5 million people in the United States. The small business also generates more the $800

billion in revenue annually. Immigrants are also actively involved in increasing the nation’s

capacity to develop new ideas. Foreign-born investors in the U.S. have been found to contribute

to over 73 percent of patents issued to top ten patent-producing universities “the Fortune 500

companies generated revenues equivalent to 73 percent of GDP. These companies now form the

global economy’s center of gravity, and our future prosperity is entwined with theirs..” (The “New

American” Fortune 500”. The fourth contribution to policy problem for the immigrants is that

immigrants contribute to American competitiveness. Technology-intense and service industries

that require an advanced degree or Ph.D. have been recruiting immigrants especially of Africa and

Arabic origin as they are more like to meet those requirements. From this, it is evident that

immigrants further employment, productivity, and income; essential elements in the U.S.

economy. They have high business formation rates, hire employees and increase international

export hence becoming engines for capital formation in the United States.

From the discussion on the contribution of immigrants in the United States, it is evident

that they need to be credited for their role in supporting the nation’s economy. In my opinion, the

most effective way of giving credit to immigrants for their role in the economic stability of

the United States would be improving access to capital. This is because owing to their

contribution to the country economy. It is of great importance to ensure that the access to capital

for the immigrants and other small business owners is ratified for the purpose if their growth and

for their businesses, job creation and increase in production. The immigrants may have amassed

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saving from their hardworking for business start-ups, but external capital is essential for

strengthening their small or medium-size businesses. Immergluck lauds the need for outside

investment sources is essential for the immigrants as they tend to have lower personal wealth than

the mainstream United States citizens. On the other hand, successful entrepreneurs begin by taking

loans or relying on vendor financing or credit lines. The small businesses also seek outside equity

investments for early-stage capital and are essential units for economic growth New American

Fortune 500 report suggests that “This next generation is even better able to capitalize on

opportunities in America.”

Small businesses can face many challenges in finding external financial support. For

instance, financial crisis and its aftermath still impact on credit availability with small business

increasingly finding difficulty in accessing funds. It is indicated that more than 43 percent of small

entrepreneurs find it difficult to obtain credit and the dire needed financial aid. Moreover,

entrepreneurs of color and women find it even more difficult to obtain credit. The SEC points that,

“Hispanic immigrants make up 28 percent of small business owners nationally.”

Therefore, it is of great importance to consider the ways small businesses which are owned

by immigrants, access capital markets. United States Security and Exchange Commission (SEC)

therefore can help in stabilizing further the economy by strengthening immigrant economic base.

SEC among other responsibilities is involved in the establishment of disclosures required to be

made public by companies and for ensuring that investors receive the necessary information

needed for prudent investment. The commission is also to foster its investment law enforcement

to prevent business fraud and misconduct. Through its operation, the SEC will protect the

businesses of immigrants thus strengthening their economic generation activities for their survival

and thus contributing further to the economy of the state. On another part, SEC is involved on

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facilitation of capital formation. Its involvement will ensure that businesses and companies owned

by immigrants are protected and thus their capacity to develop new products and services that grow

the ability of not only the immigrants but the entire U.S. population to earn a living (Center for

Immigration studies).

Bernstein, Shai, et al says that mplementation of proper capital raising mechanism will

protect the investments of immigrants and they will surely be repaid for the field of play will be

fair and level. The immigrants will confidently be taken on the markets as “there will be less

expensive ways of raising capital.” Poor regulation of the capital market will impair capital

formation, reduces job opportunities and entrepreneurial activities become limited. Such harm can

be devastating to the stay of immigrants, but it is the state that will be the ultimate loser.

All this leads us to the conclusion that immigrant’s potentiality to growing the United

States economy is enormous. Immigrants will continue playing critical roles in the nation as it

sails through considerable challenges. Immigrants will be the teachers, doctors, lawyers,

engineers, entrepreneurs as well as elected political leaders. Their position in America and their

numbers will continue influencing the course of the nation. The future of immigrant has become

vivid and clear. In the future, therefore, there will be critical policy reforms that will empower

immigrants from the shadows and they will step-up their contributions to the state. This is because

emancipating the human capital will prosper the nation to new levels. This is achievable by

according the immigrants, who have come to take the country as their home, the right to fulfill

their dreams freely. Opening up credit access for immigrants is, therefore, key to the taking of the

nation to overly new levels. The United States is made great by her willingness to open to a new

generation of immigrants and the pooling of diversity in the country. The government should,

therefore, formulate policies that maximize on its population talents and skills in disregard to their

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race, color, ethnicity or religion to spur the nation to greatness. As the country continues to draw

people for its promise of freedom and prosperity, there is a need to look back into the contributions

of the newcomers in the prosperity of America. After this, we will all be able to see how these

people help in supporting and strengthening our businesses, communities and the country.

Woks Cited

Bernstein, Shai, et al. "The Contribution of High-Skilled Immigrants to Innovation in the United

States." (2018).

Hainmueller, Jens, and Daniel J. Hopkins. "The hidden American immigration consensus: A

conjoint analysis of attitudes toward immigrants." American Journal of Political Science

59.3 (2015): 529-548.

Immergluck, Dan. Credit to the Community: Community Reinvestment and Fair Lending Policy

in the United States: Community Reinvestment and Fair Lending Policy in the United

States. Routledge, 2016.

Meraji, Shereen Marisol. “Immigration nation.” Code Switch. Retrieved from

https://www.npr.org/templates/transcript/transcript.php?storyId=623662992

The “New American” Fortune 500: A Report by the Partnership for a New American Economy.

Center for Immigration studies. June, 2011.

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Tyler, Jeff. Immigrants get creative to survive without credit. Marketplace. Updated March 15,

2013. Retrieved from https://www.marketplace.org/2013/03/15/life/immigrants-get-

creative-survive-without-credit

Tyrrell, Ian. Transnational nation: United States history in global perspective since 1789. Palgrave

Macmillan Education, 2015.

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Immigrants- How to give them credit

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