#PositivelyImmigration | Economists agree that Clinton's Immigration Plan Better for Economy Than Trump's Plan
How the next President will deal with the illegal immigration problem in this country can have lasting effects on our economy. Trump and Clinton have both set forth drastically different plans to address the problem. Trump's plan centers on mass deportation of all 11 million undocumented immigrants and tighter border security. Clinton aims to create a pathway to citizenship for many of these undocumented persons.
Welcoming immigrants into our country is a part of the foundation of America and is invaluable to the makeup of our country. Problems arise, however, when people are present in the United States unlawfully. So what is the best way for our lawmakers to deal with current problem and prevent the issue from resurfacing in the future? What factors matter the most? For example, should family unity be given more weight than fundamental fairness and following the rule of law?
One way to address these issues is to look at the bottom line, and by that I mean $$$! By isolating the economic factor, we can attempt to obtain an objective hold on this controversial subject matter.
According to the forecasting firm Moody Analytics, Clinton's plan to legalize immigrants and provide a path to citizenship will add about a quarter of a percentage point to GDP (on average) over the next 10 years. That comes to about an increase in the GDP of about $489 billion by 2026.
Trump's plan, on the other hand, which involves mass deportation and to stem the tide of legal immigration into the U.S., will reduce the GDP (on average) about a half a percentage point over the next 10 years. That comes to about a decrease in the GDP of about $880 billion by 2026.
In addition, Trump's plan to deport the 11 million undocumented immigrants is estimated to cost the U.S. $100-300 billion over the next 2 years.
Economists agree that generally speaking, immigration is a plus for the economy. GDP is heavily dependent on the number of workers and their productivity. In fact, contrary to popular belief, historical analysis shows that on the whole, immigration has a positive impact on the economy. This includes unskilled immigrant labor, which opponents of immigration often point to as evidence that immigration is hurting Americans by reducing wages or unskilled laborers. However, unskilled immigrant labor has never made an appreciable impact on the wages of unskilled American wages, and even less so today when an increasing number of immigrants entering the United States are more educated and come from more economically-stable backgrounds.
What should we take away from this? Immigration is overall a positive and beneficial addendum to our economy. If our only options are mass deportation or a path to citizenship for many of the 11 million undocumented immigrants currently in the United States, it seems obvious that mass deportation is impractical, un-American and will hurt our economy greatly.
To learn more about what economists have said on this topic, click here for the article written in the LA Times.
What do you think?