Immigration and Macroeconomics

In a globalized world it is easier to move to another country to make a living. It was not possible just a few years back to move so far away from the place of birth. Companies also can operate in different countries. One consequence of this state of affairs is the huge number of Mexicans working in the United States.

Macroeconomics considerations deal with billions of dollars associated with different economic phenomena. Mexicans abroad send tens of billions of dollars to Mexico, more than the direct investment in that country by foreign entrepeneurs. It is this amount of money, that in a sense defines the backbone of the Mexican immigration problem in the US.

As long as that backbone is robust, I do not see any fundamental change in the present relation. Passing this midterm election, I predict that the status quo will remain, until both houses of Congress and the Executive decide to legalize this macroeconomic fact.