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Lex: FT's flagship investment column

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But if net immigration to the U.S. stays in the red, the primary long-term effects would be fiscal in nature, as a shrinking workforce will do no favors for the country’s national debt. The Deloitte researchers wrote that immigration tends to have a “positive effect on the federal deficit, allowing revenue to rise faster than expenditure.”

Фото: Tatiana Meel / Reuters

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Hans-Christoph Steiner