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Trump's deportation plan could slice 2 percent off U.S. GDP: study
Caution: The study comes from a conservative think tank.Source: Reuters
Markets | Thu May 5, 2016 9:28am EDT
Trump's deportation plan could slice 2 percent off U.S. GDP: study
NEW YORK | BY LUCIANA LOPEZ
Donald Trump's vow to round up and deport all of America's undocumented immigrants if he is elected president could shrink the economy by around 2 percent, according to a study to be released on Thursday by conservative think tank the American Action Forum.
The research adds to concerns about the Republican presidential nominee's policy proposals, which range from tearing up international trade agreements to building a wall along the U.S. border with Mexico.
About 6.8 million of the more than 11 million immigrants living in the United States illegally are employed, according to government statistics. Removing them would cause a slump of $381.5 billion to $623.2 billion in private sector output, the Washington-based non-profit said in its analysis.
The study added that removing those workers could leave potentially millions of jobs unfilled due to a lack of legal workers willing to do them. Industries with the highest share of undocumented workers include farming, construction and hospitality, according to the research.
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Trump's deportation plan could slice 2 percent off U.S. GDP: study
NEW YORK | BY LUCIANA LOPEZ
Donald Trump's vow to round up and deport all of America's undocumented immigrants if he is elected president could shrink the economy by around 2 percent, according to a study to be released on Thursday by conservative think tank the American Action Forum.
The research adds to concerns about the Republican presidential nominee's policy proposals, which range from tearing up international trade agreements to building a wall along the U.S. border with Mexico.
About 6.8 million of the more than 11 million immigrants living in the United States illegally are employed, according to government statistics. Removing them would cause a slump of $381.5 billion to $623.2 billion in private sector output, the Washington-based non-profit said in its analysis.
The study added that removing those workers could leave potentially millions of jobs unfilled due to a lack of legal workers willing to do them. Industries with the highest share of undocumented workers include farming, construction and hospitality, according to the research.
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Read more: http://www.reuters.com/article/us-usa-election-trump-deportations-idUSKCN0XW0TP
2 replies
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