Is an immigration shortfall hurting U.S. talent needs?

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For months, economists and pundits have waffled on the reasons for the so-called Great Resignation: low wages, poor employee benefits, concerns about worker safety. If you ask Manu Smadja, the nation’s ongoing labor shortage certainly is real, and in part, it’s being caused by another overlooked factor: a dramatic, sudden legal immigration shortfall.


According to Smadja, CEO at MPOWER Financing, the drop in the number of new immigrants to the U.S. over the last year is a driving force behind the labor shortage. For example, the Pew Research Center reports that in a normal year the U.S. welcomes about 1 million

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