New NPG Report:
Why foreign workers are not the solution
to saving Social Security
Washington, DC ö (September 29) ö A new report released by the Washington, DC based organization Negative Population Growth debunks the myth that the importation of more foreign workers is the solution to saving our nation's failing Social Security system.
Authored by immigration policy expert David Simcox, the report argues that increases in immigration today will result in a larger system-wide crisis in the future. The report also found that the United States population would need to swell from today's 270 million to over 600 million people by 2050 to provide Social Security benefits to America's 88 million baby boomers.
"Recruiting millions of foreign workers and their relatives to try to pay for current retirees is downright foolish," stated NPG Executive Director Sharon McCloe Stein. "This quick-fix scheme will at best temporarily postpone the inevitable. What do we do for the next generation of retirees? Do we import another 300 million people? Could we even find that many sufficiently qualified potential immigrants?"
"Folks are always looking for easy answers to tough problems. Trying to use immigration as a quick fix for Social Security is one such easy answer that on serious scrutiny fails to meet the test of plausibility," stated Stein.
The report, "Social Security: The Ponzi Path to Dystopia," addresses the false notion that the solution to saving Social Security is more people. The report analyzes:
- Will today's immigration rates of 1.2 million a year support or sink Social Security as we know it?
- As we expand our workforce to prop up current retirees, what will we do to support ensuing generations of workers when they reach retirement?
- How do we make Social Security solvent without sacrificing the savings of future generations of Americans?
The study's author, David Simcox, is an expert on migration and chairman of the Center for Immigration Studies. Other featured speakers include NPG Executive Director Sharon Stein and Research Director Edward Lytwak.
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