But the supply of workers has since rebounded by about 10.6 million people. That recovery has owed partly to a pickup in the foreign-born labor force, which has accounted for roughly one in every three potential workers added since the pandemic low point, based on Labor Department data.
Flood of Workers Has Made the Fed’s Job Less Painful. Can It Persist? – The New York Times (nytimes.com)
Other reports say immigration now accounts for the majority of population expansion in the U.S., since the fertility rate is now so low (1.6 to 1.8), meaning we have fewer births than annual deaths. Without immigration, the U.S. population would be shrinking.
The author of this story correctly notes the impact of the post WW2 “boomer” U.S. workforce aging out into retirement and that the supply of labor is now constrained, potentially long term.
Reminder:
