New York immigrants boost city economy by $200 billion

New York's mayor knows immigrants come here to work and he welcomes them to his city. - - Donna Poisl

by Joan Gralla

(Reuters) - New York City's immigrants contribute $200 billion to the city economy every year and represent one-third of managerial and professional workers, Mayor Michael Bloomberg said on Monday.

The mayor, a political independent and the billionaire founder of his eponymous company, often calls for stiffening border controls while relaxing limits that bar employers from bringing in highly educated foreign workers.

Bloomberg said that all too often currently, foreigners who earn graduate degrees in the United States must return overseas to find work, depriving the nation of their skills and talents.
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