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Joe Biden says xenophobia stalling China, India economy
The US President said one of the reasons why the US economy was growing is because of their acceptance of immigrants.
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Joe Biden in a video posted on his YouTube account. / Screengrab/@JoeBiden YouTube
US President Joe Biden on May.1 said that migration had been good for his country’s economy while other nations such as India and China were having trouble because of ‘xenophobia’. Biden delivered the remarks at a fundraising event in Washington for his re-election campaign.
"One of the reasons why our economy's growing is because of you and many others. Why? Because we welcome immigrants," Biden said at the event, adding "Why is China stalling so badly economically, why is Japan having trouble, why is Russia, why is India, because they're xenophobic. They don't want immigrants. Immigrants are what makes us strong."
Last month, the International Monetary Fund predicted that each country would see its growth decelerate in 2024 from the previous year, ranging from 0.9 percent in highly developed Japan to 6.8 percent in emerging India.
The United States would grow at 2.7 percent, slightly brisker than its 2.5 percent rate last year, the IMF forecast. Many economists attribute better-than-expected performance partly to migrants expanding the country's labor force.
Concern surrounding irregular migration has become a key issue for many US voters ahead of November's presidential election.
Biden, having criticized his Republican opponent Donald Trump's anti-immigrant rhetoric, has actively pursued extensive economic and political partnerships with nations like Japan and India, aiming to counter China and Russia.
The pivotal role immigrants, including those from India, play in addressing future labor demands in the United States was recently highlighted in a new study by the Migration Policy Institute.
The report titled “How Immigrants and Their US-Born Children Fit into the Future US Labor Market” highlights the growing contribution of immigrant-origin workers to the US workforce.
According to the study, in 2023, immigrants constituted 29 percent of the workforce, up from 19 percent in 2000, and were crucial in maintaining the prime working-age population.
Notably, 72 percent of future US jobs will require post-secondary education by 2031, up from 62 percent in 2023, indicating a shift towards more skilled labor. Asian American, Pacific Islander, Black, and White adults born to immigrants show promising levels of post-secondary education, positioning them well for future job demands, the study highlighted.
(With inputs from Reuters)
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