During his 2024 re-election campaign, President Joe Biden emphasized the importance of immigrants in driving the U.S. economy. He argued that countries like China, Japan, and India are struggling due to xenophobia, which is hindering their growth potential. Biden highlighted that welcoming immigrants is one of the key factors contributing to the economic success of the United States.
The International Monetary Fund recently forecasted a slowdown in economic growth for China, Japan, and India in 2024. However, the United States is expected to see a slight increase in growth thanks to immigrants expanding the labor force. Biden’s remarks during his fundraising event underscored the positive impact that migration can have on a country’s economic development.
As concerns about irregular migration loom over the upcoming presidential election, Biden has positioned himself as an advocate for immigration. He has criticized anti-immigrant rhetoric from his Republican opponent and stressed the importance of building economic and political relationships with countries like Japan and India. By embracing diversity and welcoming immigrants, Biden believes that America can continue to thrive economically on a global scale.