President-elect Donald Trump has made tightening immigration enforcement a major campaign promise in each of his presidential campaigns for the White House. If he follows through on his promises of mass deportations and tougher immigration policies, it could create an economic burden for many Americans.
That’s because immigrants, including illegal aliens, support the job market, reduce inflation, and increase federal coffers. It contributes to the overall US economy. If current immigration levels are maintained, the country’s real gross domestic product (GDP) could grow by 0.2 percentage points annually over the next 10 years, and by 2% by 2034, according to the parliamentary budget. Office 10 Year Outlook Report. By contrast, this growth forecast would be hit if President Trump were able to implement his mass deportation plan.
There are an estimated 11 million illegal immigrants living in the United States, but President Trump has focused primarily on deporting immigrants with criminal records. Goldman Sachs reported in June that it estimates that about 1.2 million illegal immigrants, or 8% of the population, have criminal convictions.
Here’s how Americans would be economically affected if President Trump implements his mass deportation plan.
• Rising prices: Deporting millions of undocumented workers means companies need to replace them. With historically low unemployment rates, it can be difficult to find people willing to work for low wages, and companies are willing to offer higher wages to recruit workers to replace displaced workers. Might need to advertise.
• Employment growth will slow: If large numbers of immigrants are deported, or at least if population growth slows as a result of tighter immigration policies, consumption of goods will decline, which could have a negative impact on the labor market. .
• Lower wages: While some people who replace jobs left by deported workers may earn higher wages than their replacements, overall workers’ wages may fall.
Read more about the impact of President Trump’s mass deportations on the economy alone.
