The low-immigration economy
President Trump has stated that immigration restrictions will benefit the U.S. economy and improve the wages of U.S. citizen workers. Axios in a nutshell considers the economic impacts of
"President Trump's immigration crackdown[,which] is causing one of the sharpest slowdowns in U.S. population growth in decades. Economists are beginning to tally the effects, with some warning that the damage will stick around."
Two most interesting tidbits from the Axios report:
"States with slower population growth saw more sluggish employment, with more frequent job losses, relative to states with faster population upswings, the paper — by a group of Fed board economists — found."
"What to watch: New research from Yale Budget Lab shows that the productivity costs of slower flows of authorized and unauthorized immigration could outlast any single administration's policies."
