 
 
|
|
Center
to Focus on Financial Assimilation of Immigrants
Posted
Apr 18, 2003
In a March 28, 2003, speech at the
Community Affairs Research Conference for the Federal Reserve System,
the Federal Bank Reserve of Chicago President, Mike Moskow, announced that
the Federal Reserve
Bank of Chicago is opening a research center to study how immigrants
financially assimilate into U.S. society.
The new research and outreach competency center will strive to answer the
following questions:
a)
What contributions do new immigrants make to our living standards,
worker productivity, and economic growth?
b) Who benefits and who (if anyone) is harmed by the arrival of new
immigrants?
c) How can the social and economic mobility of immigrants and their
families be promoted?
Mr.
Moskow indicated that early studies confirm what we at The Law Office of
Sheela Murthy, P.C., have stated all along - immigrants have contributed
greatly to our nation and economy through a high labor force participation
rate; a high propensity to start new businesses and engage in
self-employment; a low use of public services and transfers; and a low level
of employment displacement for native U.S. citizens.
We appreciate the positive efforts of Mr. Moskow and the Federal Reserve
Bank of Chicago and believe that they will find concrete evidence that
supports these initial findings.
©
The
Law Office of Sheela Murthy, P.C.
|
|
|
