"....How would mass deportations affect the economy?
Trump has said he would focus on rounding up migrants by deploying the National Guard, whose troops can be activated on orders of a governor.
Peri says a deportation program would cost the U.S. up to a trillion dollars and would result in massive losses to the U.S. economy. The cost of food and other basic items would soar.
“They are massive contributors to our economy and we wouldn't have fruits and vegetables, we wouldn't have our gardens,” he said, if the deportation effort comes to fruition.
Since the labor force made up of people in the U.S. illegally makes up roughly 4% of U.S. GDP annually, he estimates that mass deportation would result in a roughly $1 trillion loss.
“It's a cost that is mind-boggling in terms of income loss, production loss and there will be a logistical cost to organize this," he said.
Treasury Secretary Janet Yellen said this month in a podcast interview with David Axelrod that immigrant labor “is an important source of labor force growth.”
"On balance, it helps the economy grow without actually depriving other people of jobs,” she said. “It's not in any way a zero-sum game.”
EN: https://www.yahoo.com/news/data-shows-migrants-arent-taking-040445122.html
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