| In this edition we find an extraordinary report in the contributions of the 鈥淣ew Americans鈥 to the Bluegrass. Observing such contribution we do not stop wondering how much benefit Kentucky would receive if most of the immigrant community has a path to legalization. Why?
Because comprehensive immigration reform that includes a legalization program for unauthorized immigrants and enables a future flow of legal workers would result in a large economic benefit鈥攁 cumulative $1.5 trillion in added U.S. gross domestic product over 10 years. In stark contrast, a deportation-only policy would result in a loss of $2.6 trillion in GDP over 10 years.
The Pew Hispanic uses a computable general equilibrium model based on the historical experience of the 1986 legalization program, and finds that:
Comprehensive immigration reform that includes a legalization program for unauthorized immigrants would stimulate the U.S. economy.
鈥 Immigration reform would increase U.S. GDP by at least 0.84 percent. This would translate into at least a $1.5 trillion cumulative increase in GDP over 10 years, which includes approximately $1.2 trillion in consumption and $256 billion in investment.
鈥 The benefits of additional GDP growth would be spread broadly throughout the U.S. economy, but immigrant-heavy sectors such as textiles, electronic equipment, and construction would see particularly large increases.
鈥 The higher earning power of newly legalized workers would mean increased tax revenues of $4.5-$5.4 billion in the first three years.
鈥 Higher personal income would also generate increased consumer spending鈥攅nough to support 750,000鈥900,000 jobs in the United States.
鈥 Experience shows that legalized workers open bank accounts, buy homes, and start businesses, further stimulating the U.S. economy.
Comprehensive immigration reform increases all workers鈥 wages.
鈥 The real wages of less-skilled newly legalized workers would increase by roughly $4,405 per year, while higher-skilled workers would see their income increase $6,185 per year. The wages of native-born high skill and low skill U.S. workers also increase modestly under comprehensive immigration reform because the 鈥渨age floor鈥 rises for all workers..
鈥 Legalized workers invest more in their human capital, including education, job training, and English-language skills, making them even more productive workers and higher earners.
In this edition we find an extraordinary report in the contributions of the 鈥淣ew Americans鈥 to the Bluegrass. Observing such contribution we do not stop wondering how much benefit Kentucky would receive if most of the immigrant community has a path to legalization. Why?
Because comprehensive immigration reform that includes a legalization program for unauthorized immigrants and enables a future flow of legal workers would result in a large economic benefit鈥攁 cumulative $1.5 trillion in added U.S. gross domestic product over 10 years. In stark contrast, a deportation-only policy would result in a loss of $2.6 trillion in GDP over 10 years.
The Pew Hispanic uses a computable general equilibrium model based on the historical experience of the 1986 legalization program, and finds that:
Comprehensive immigration reform that includes a legalization program for unauthorized immigrants would stimulate the U.S. economy.
鈥 Immigration reform would increase U.S. GDP by at least 0.84 percent. This would translate into at least a $1.5 trillion cumulative increase in GDP over 10 years, which includes approximately $1.2 trillion in consumption and $256 billion in investment.
鈥 The benefits of additional GDP growth would be spread broadly throughout the U.S. economy, but immigrant-heavy sectors such as textiles, electronic equipment, and construction would see particularly large increases.
鈥 The higher earning power of newly legalized workers would mean increased tax revenues of $4.5-$5.4 billion in the first three years.
鈥 Higher personal income would also generate increased consumer spending鈥攅nough to support 750,000鈥900,000 jobs in the United States.
鈥 Experience shows that legalized workers open bank accounts, buy homes, and start businesses, further stimulating the U.S. economy.
Comprehensive immigration reform increases all workers鈥 wages.
鈥 The real wages of less-skilled newly legalized workers would increase by roughly $4,405 per year, while higher-skilled workers would see their income increase $6,185 per year. The wages of native-born high skill and low skill U.S. workers also increase modestly under comprehensive immigration reform because the 鈥渨age floor鈥 rises for all workers..
鈥 Legalized workers invest more in their human capital, including education, job training, and English-language skills, making them even more productive workers and higher earners.
Vol.12 #1
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