alt Hacker NewsThe interesting thing is this is Spain's second wave of doing this, and the economic studies on the first wave of it showed visibly positive results. Spain's economy moved in growth, and with a size larger than many other European nations in similar background conditions of flat to negative population growth, but tighter immigration allowances.
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Spains youth is everywhere in europe but in spain? That economy sounds like a warzone from what they tell..
I have no doubt that this has positive effects on the national economy as a whole (you get workers, on demand, without really paying for raising, educating, training them), but it is not really sustainable because population growth is low/negative pretty much everywhere, and it also leads to significant pushback from cultural friction and local workers (that dislike competition).
You could argue that the whole rise of somwhat radical rightwing parties all over Europe is mainly the result of policies like this during the last half century...
Horrible fiscal ticking time bomb that ignores the fact that regularization means naturalization over the next 10-15 years and so access to EU healthcare system.
The biggest drag on government budgets in EU are socialized healthcare and retirement costs. At this point we know healthcare costs are severely backloaded, with most spending coming out of the last 10 years of someone's life. Regularizing now allows them to show a fiscal boost now and for next 4-5 years(edit: maybe even like 10-15 years) and accumulate a massive liability as they age.
Think about it this way: If you regularize a 30 year old illegal migrant right now with a path to citizenship over next 10-15 years, the government NPV is positive over a 15 year horizon(whilst he works) and then will go flat to negative as he starts using the healthcare system whilst retired.