A recent study published by a prominent Ivy League school claims President Trump’s immigration plan would cost the US 4.6 million jobs.
The bill itself is known as the RAISE Act, which ironically stands for Reforming American Immigration for Stronger Employment, aims to reduce legal immigration to the United States by 50 percent over the next ten years by introducing more stringent requirements for work visas, like higher education requirements and English language proficiency.
However, according to researchers with the University of Pennsylvania’s Wharton School of Business (Trump’s alma mater), the bill would effectively reduce U.S. job growth and economic activity by a significant amount if passed.
“Immigrants, especially new immigrants, are highly productive and if we decrease that number, that will harm economic growth in the short and long run, Kimberly Burham, managing director of the Penn Wharton Budget Model research team, told CNN Money.
“If you have fewer workers, we will have less economic growth,” she continued.
Wharton’s study effectively portrays an America that is opposite to the one Trump is speaking to in touting his immigration proposal. As the study shows, immigrants are crucial to American economic productivity. In fact, U.S. Census figures show that there are approximately 27 million foreign-born workers in America today. When comparing that figure with the fact that roughly 10,000 baby boomers retire every day, the logical conclusion is that America needs more workers to move to the U.S. and contribute to the economy in order to maintain sustainable levels of growth, not less.
An unnamed White House official told CNN Money that there were “major methodological faults” with the Wharton study, and doubled down on the claim that the RAISE Act would increase, not decrease, economic productivity.
“The estimates show that the job ‘losses’ under their RAISE Act model are far smaller than the reduction of foreign workers – effectively meaning a net increase in available jobs for Americans,” the official said. “The passage of the RAISE Act would raise wages and increase economic opportunity for Americans who have been left behind under the failed policies of past administrations.”
Scott Alden covers national politics, education, and environmental issues for Grit Post. He is a proud Toledo University graduate, and lives in Inkster, Michigan.