Consider immigration into the US and remittances sent home Essay

Consider immigration into the US and remittances sent home - Essay Example On the other hand, entrepreneurs make the use of unexploited economic potential in the country, thereby increasing employment opportunities and bring in additional revenues in the region. The immigrants who are in the united state illegally increased competition in the labor market. This community offers a threat to the economy since the competition reduces the employment opportunities for Inuit communities. The national government should therefore strive to reduce the community that is illegally in the region. Remittances are funds that a foreign individual sends to home country, mainly to their families. In this perspective, remittance is very effective in the economy since the remittance funds are earned by foreign individuals, therefore adding value to the economy (Gylfason, 2009, p. 109). On the other hand, these funds are tax deductible and therefore provide the government with revenue through taxes. However, foreign aids are tax-free and have no economic value to the host