August 11, 2017

Study says Trump's immigration plan would hurt GDP

CNBC - A plan to slash legal immigration backed by President Donald Trump would cause U.S. GDP and jobs to dip over time, according to an analysis by the University of Pennsylvania's Wharton business school.

The RAISE Act would lead GDP to drop by 0.7 percent by 2027 relative to current law, with 1.3 million fewer jobs, the Penn Wharton Budget Model report said. By 2040, it would reduce GDP by about 2 percent, with 4.6 million fewer jobs.

1 comment:

greg gerritt said...

Thee conomy is slowing no matter what. Inequality makes it worse, but ecological collpase is harming the global economy more.