Just like investors tend to buy high and sell low, politicians tend to react to most major issues (ahem… immigration) by doing the wrong thing at the right time.

It’s no secret that almost all developed countries, and China in the emerging world, are slowing in workforce and demographic growth – many outright declining. Rodney talked about this just last Thursday. Five of the six smaller ones (which include Australia and New Zealand) that aren’t have one thing in common: strong and high-quality immigration.

You would think, with clearly predictable further slowing in demographic trends, that the developed countries would be competing for the best global immigrants. But most are restricting or fighting against it just as we need them the most. The U.S. fought against immigration going into the Great Depression. It’s doing it again now…

Immigration is slowing down…

The global migrant population is already slowing and peaked in 2005-10. Immigration into the U.S. peaked in 2001. And with the lowest number of births recorded in the U.S. since 1987, this spells trouble.

Look at this chart…

This should be a long-term trend as emigration slows after countries reach $8,000 GDP per capita PPP (purchasing power adjusted). The Factfulness book I so highly recommend also shows that life expectancy sees most of its acceleration by $8,000 GDP per capita. It doesn’t take a lot for people to have a decent and longer life and have less motivation to migrate, which is both costly and disruptive.

A recent Gallup poll showed that over 750 million people globally would emigrate permanently to another country if they could. This next chart shows where the highest percentages are by major global regions.

Not surprisingly, the highest, at 33%, came from the poorest region, Sub-Saharan Africa; followed by Latin America, non-EU Europe, and the Middle East/North Africa.

The surprise…

The surprise here is that the wealthier EU is the highest in the developed world, at a whopping 21% with North America second at 14%.

Note that numbers in North America have risen dramatically from 10% to 14% since Trump got elected… go figure!

The very highest percentage countries, where the most people would emigrate if they could, are the poorest ones, including Haiti, El Salvador, Honduras, the Congo, and Nigeria. However, they’re not necessarily the immigrants we would want to go after. To have a positive impact on our economy, we need more of the educated and ambitious immigrants.

That means we should encourage immigrants from China, Southeast Asia, India, the EU, East Europe, Puerto Rico, Chile, Argentina, and Mexico. Unfortunately, these countries are wealthier than their peers and will have fewer and fewer such candidates looking to move to America in the future.

Attract immigrants or die…

But we’ve got to figure something out, especially with the severity of the Baby Bust we’re experiencing. It’s simple: Attract immigrants or slowly die.

More importantly, attract skilled immigrants, and make the path to America clear and legal. We should emulate countries like Australia, New Zealand, Canada, and Singapore, who have effective immigration policies.

So, write to your congressperson. Send them this article. If we all say something, maybe someone in government will hear and begin to do the right thing at the right time. Our country – and your future wealth – depends on it.

Harry

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Harry Dent
Harry S. Dent Jr. studied economics in college in the ’70s, but found it vague and inconclusive. He became so disillusioned by the state of his chosen profession that he turned his back on it. Instead, he threw himself into the burgeoning new science of finance where identifying and studying demographic, technological, consumer and many, many other trends empowered him to forecast economic changes. Since then, he’s spoken to executives, financial advisors and investors around the world. He’s appeared on “Good Morning America,” PBS, CNBC and CNN/Fox News. He’s been featured in Barron’s, Investor’s Business Daily, Entrepreneur, Fortune, Success, U.S. News and World Report, Business Week, The Wall Street Journal, American Demographics and Omni. He is a regular guest on Fox Business’s “America’s Nightly Scorecard.” In his latest book, Zero Hour: Turn the Greatest Political and Financial Upheaval in Modern History to Your Advantage, Harry Dent reveals why the greatest social, economic, and political upheaval since the American Revolution is on our doorstep. Discover how its combined effects could cause stocks to crash as much as 80% beginning just weeks from now…crippling your wealth now and for the rest of your life. Harry arms you with the tools you need to financially prepare and survive as the world we know is turned upside down! Today, he uses the research he developed from years of hands-on business experience to offer readers a positive, easy-to-understand view of the economic future by heading up Dent Research, in his flagship newsletter, Boom & Bust.