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There's a flip side to this too. First world countries that are completely opposed to immigration are starting to see a significant population decline which will come with a whole host of other problems.
And in the US at least it's actually extremely difficult to immigrate through legal means. You have to be a qualified professional and generally have to be sponsored by an employer to get a green card, or have family members that are citizens. The main issue is people that abuse loop holes to get into the country without going through the immigration process. And I agree, that's a problem that needs to be solved. It really does a disservice to the hard working immigrants that work their ass off to become US citizens/permanent residents the legal way.
You are correct, as quality of life increases overall fertility rates decrease. That does need to be solved, and immigration is part of that solution. Unlimited/unregulated immigration is not.
Difficulty with legal immigration is generally the case for almost every first world country, the US is not abnormal or exclusive there. I do not meet qualifications to immigrate to Canada, or anywhere in Europe right now even as a tech sector worker, except possibly by having family history through my ancestors. I am not arguing that US immigration policy needs a lot of work, but it's not fair how much the US gets singled out for it as if it's the outlier here.
But why does a fertility-rate decrease "need to be solved"? Obviously if it's in absolute free fall that's going to cause short-term problems, but the underlying reality is that our planet is overstressed with 8 billion humans and counting. Personally I just do not get this anxiety about fertility rates, it seems so disconnected from reality.
It only needs to be solved if the country is going to survive, so if that doesn't matter then it doesn't. There will be knock on results from that, because countries usually fall a grade or two when they fail, and with decreased affluence the number of children will increase again.
The reality is that if you do not have at least a replacement rate, retirement and social safety nets will fail as they become overwhelmed which leads to social unrest and upheaval. Immigration can help, but this comes with its own trade-offs. 8 billion people is also nowhere near an overstressor for the planet if fossil fuels and pollutants can be curbed, and even dropping the numbers of humans substantially will not help with unfettered greed continues to drive dirty industrialization
Look at Elon Musk, Boris Johnson, or a whole host of incredibly wealthy people with stupid amounts of children. Quality of life increase is also linked to higher economic power. This is linked to higher human capital investments, meaning that it's now disproportionately more expensive to raise a child to be successful in the new economy with the higher quality of life. Quality of life increase generally correlates to life being disproportionately more expensive.
Solve the cost of raising children and you solve fertility rates
I think the benefits, like less enviromental impact, outweigh the problems of lower population.