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HomeNewsDC Ranks Sixth on WalletHub’s Economic Impact of Immigration List

DC Ranks Sixth on WalletHub’s Economic Impact of Immigration List

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Washington, D.C. ranks number six on WalletHub’s list of the economic impact of foreign-born populations on 50 states and the District of Columbia.

D.C. got a total score of 57.41 on the list, while its “workforce” rank was five, and “socioeconomic contribution” rank turned out to be 26.

20 key indicators were used in the research, with each graded on a 100-point scale — a score of 100 signifying “most positive economic impact” — to determine states benefiting the most and least from immigration.

“Our data set ranges from a median household income of foreign-born population to jobs generated by immigrant-owned businesses as a share of total jobs,” notes WalletHub.

The personal finance website compared 50 states and the District of Columbia across four key dimensions — immigrant workforce, socioeconomic contribution, brain gain & innovators, and international students — to find out the states where immigration made the most positive impact.

According to Allan Wernick, Director of CUNY Citizenship Now, the country will need to allow workers at all levels of skill and education to come to the United States. “Otherwise, the work done here will continue to move abroad, hurting our economy. Immigration, bring spirited, ambitious foreigners to the United States has always been key to our economic, cultural and economic world dominance,” said Wernick.

The data used for the ranking was collected from U.S. Census Bureau, Bureau of Labor Statistics, Department of Labor, National Academy of Sciences, Association of American Medical Colleges, American Immigration Council, and Center for American Entrepreneurship, among other sources.

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