As millions of Baby Boomers retire between 2010 and 2030, an estimated 58.6 million people will enter the workforce to replace them, 31.5 million of whom will be immigrants and their children.
These immigrants are necessary to replace the people leaving the workforce, and thus will drive the net economic growth. The workers would allow the nation to “adjust to the massive wave of Baby Boomer retirements and also to sustain long-term economic growth.” The 31.5 million immigrants, who make up 38 percent of the total 83 million new workers entering the labor workforce between 2010 and 2030 “will account for 84 percent of net workforce growth.”
As CAP’s researchers point out, these numbers show exactly how immigrants and their children will be essential to the future workforce and meeting the needs of the American economy. As a result, they show why workplace replacement should be a high priority for the immigration reform.