The 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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mamonster 3 hours ago | parent | next [-]

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.

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dv_dt a minute ago | parent | next [-]

The latter half of careers, and certainly 30-55 is generally the period of highest productivity of working careers. Its even higher value for the economy when wages do a catch up slowly over their time. I think it is poooticized fear mongering to suggest that the economic balance is negative in that kind of exchange.

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appointment 25 minutes ago | parent | prev [-]

How much do 0-15 year olds contribute to the economy?

	▲	mamonster 12 minutes ago \| parent [-]
		They contribute to GDP spend, but from the fiscal point of view they are a drag. As for actual percentages per country, I think it heavily varies. In EU i think family spending is like 3% of GDP. The hope is that this drag will either generate higher cash flows later (i.e money spent on education now will allow them to create value for economy later) or reduce outflows later (i.e a child that gets braces and dental health care now won't spend their whole adult life dealing with teeth issues on taxpayer's dime).

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assaddayinh 3 hours ago | parent | prev | next [-]

Spains youth is everywhere in europe but in spain? That economy sounds like a warzone from what they tell..

	▲	9question1 3 hours ago \| parent [-]
		You're mentally stuck in 2009-2015. The world has moved on and Spain is now significantly outperforming Germany in growth (obviously not yet in wealth, which is the integral of growth over much longer time periods). https://www.youtube.com/watch?v=V-YZeqk8NCQ&t=456s

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myrmidon 3 hours ago | parent | prev [-]

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...

	▲	dv_dt 3 hours ago \| parent [-]
		As I see it, the root of unhappiness in voters is nonperformant housing markets and unaddressed growth of inequality where wages are not sharing in growth of profits. This creates a raft of difficult issues. And the rightwing indeed has an effective playbook to exploit these unaddressed shortfalls while blaming immigration. And the center left parties seem unwilling or unable to address the root problems.