Economics

Economics

Fremont, Nebraska Has More to Gain from Welcoming Immigrants

Fremont, Nebraska Has More to Gain from Welcoming Immigrants

Fremont, Nebraska, has become ground zero for one of the longest-standing anti-immigrant experiments in the United States. In 2010, the small, Midwestern town of 26,000 voted on an ordinance that would create unwieldy and costly housing permits to verify the immigration status of all Fremont renters and would… Read More

SOTU Shows Parties Moving Closer on Immigration Reform

SOTU Shows Parties Moving Closer on Immigration Reform

During Tuesday night’s State of the Union address, President Obama made it clear that improved immigration policies go hand-in-hand with the economic recovery, and nudged the House of Representatives to make the next move on immigration reform. Read More

Without Citizenship, Immigration Reformers Could be Leaving Dollars on the Table

Without Citizenship, Immigration Reformers Could be Leaving Dollars on the Table

While President Obama’s State of the Union Address will reportedly focus on income inequality in the United States, it is also a likely bet that he will address the economic benefit of immigration reform even as Republicans are finalizing their immigration principles. As conversations around immigration reform proposals forge ahead, the economic benefits of citizenship versus simply providing legal status should not be overlooked. According to a new Center for American Progress (CAP) report, The Economic Case for a Clear, Quick Pathway to Citizenship, there is an important citizenship premium that should be factored in to economic calculations of reform. According to the report, the premium is “the bump to a country’s economy that arises after immigrants become citizens. This bump comes in the form of higher wages and more tax revenue collected from naturalized citizens, all of which spurs more overall economic activity.” Read More

Senator Jeff Sessions Has Erroneously Blamed Immigrants for U.S. Income Inequality

Senator Jeff Sessions Has Erroneously Blamed Immigrants for U.S. Income Inequality

Despite the formal end of the recession in 2009, unemployment in the United States remains high, wages are still stagnant, and economic indices of all kinds are looking grim. A crisis of this magnitude requires bold action by U.S. lawmakers to realign U.S. economic policies in ways that promote the growth of both jobs and wages. Economists across the political spectrum agree that immigration reform—including a pathway to legal status for unauthorized immigrants already living here—should be a central part of any such effort to boost the economy. Nevertheless, Sen. Jeff Sessions (R-AL) thinks he knows better. In his opinion, what we need to do to alleviate the nation’s economic woes is to derail immigration reform. Apparently, if we can hang on to our broken immigration system a little longer, there will be brighter days ahead for the U.S. economy. Read More

Michigan to Immigrants: You’re Welcome Here

Michigan to Immigrants: You’re Welcome Here

It is clear that Michigan Gov. Rick Snyder understands that immigration can be a potent boost to his state’s economy. It’s also an important component of economic revitalization for a city such as Detroit. Improving the nation’s broken immigration system could have enormous economic benefits for Michigan and states across the country, so Snyder joined former New York City Mayor Michael Bloomberg and former Secretary of Commerce Carlos Gutierrez, in Washington Friday to continue urging lawmakers to overhaul the U.S. immigration system. As Gutierrez explained, “Our laws aren’t serving our economy.” And Bloomberg noted that it is terrible economic policy to turn away foreign born entrepreneurs and innovators while also making it difficult for foreign-born graduates to remain in the country after earning degrees from our colleges and universities. State leaders recognize this as well, but they also know upgrading immigration laws requires congressional action. “We need comprehensive immigration reform. Bottom line,” Snyder said Friday. “To be blunt, we have a dumb system.” Read More

Nativist Group Blames Students for Texas Budget Gap

Nativist Group Blames Students for Texas Budget Gap

In a case of creative accounting, the nativist Federation for American Immigration Reform (FAIR) is blaming students for the fiscal woes of Texas. In a new report, FAIR lumps together students who are unauthorized immigrants with U.S.-born students who have unauthorized parents and claims that they are all costing Texas taxpayers astronomical sums in educational expenditures. However, the report (titled The Fiscal Burden of Illegal Immigration on Texans) mistakenly treats the education of these students as nothing more than a “cost” attributable to unauthorized immigration. In reality, the educational expenses targeted by FAIR are an investment in the future U.S. workforce and tax base; an investment that will pay off later as students become taxpaying workers. Read More

Immigrant Entrepreneurs Driving Growth in America’s Heartland

Immigrant Entrepreneurs Driving Growth in America’s Heartland

When Jordi Carbonell, originally from Spain, and his wife Melissa Fernandez opened their Cafe Con Leche coffee shop several years ago in southwest Detroit, the couple founded their business on the idea that the neighborhood needed a central gathering place to create a strong community. Today,… Read More

New Study Highlights Causes of Return Migration to Mexico

New Study Highlights Causes of Return Migration to Mexico

Mexicans and Americans Thinking Together (MATT) has presented the results of a new study that highlights some recent, significant shifts in return migration from the United States to Mexico. One of the merits of this study is that it reminds us of the dynamic and bi-directional nature of migratory flows between the two countries. Between 2005 and 2010, 1.39 million people moved from the U.S. to Mexico, of whom 985,000 were returning migrants. Interestingly, deportations (which, as we know, have escalated tremendously during the Obama administration) represent only 11% of all return migrants to Mexico in that period. This means that a significant number of return migrants “chose” to go back to Mexico voluntarily. Read More

16 Representatives Stuck in Reverse on Immigration

16 Representatives Stuck in Reverse on Immigration

Despite the failure of the House to act on immigration reform last year, there was no doubt that the majority of Americans—and even the majority of Members of Congress—understood that immigration reform was an important component in creating economic opportunity for all.   Last Friday, House Majority Leader Eric Cantor reiterated that support during an exchange on the House floor when he said Republicans were working on an “appropriate path forward” on immigration policies. “Immigration reform could be an economic boon to this country. We’ve got to do it right,” Cantor said. Read More

Immigrant Entrepreneurs are Investors in their Communities

Immigrant Entrepreneurs are Investors in their Communities

Cedric Francois, a medical researcher from Belgium, came to Louisville, Kentucky, after hearing that researchers there were beginning work on the first hand transplant. Later, he co-founded two pharmaceutical companies. Suhas Kulkarni, an immigrant entrepreneur himself who founded Louisville-based IT firm Omnisys, understands the need for integrating and helping immigrant entrepreneurs get their start and is leading the area’s new Refugees and Immigrants Succeeding in Entrepreneurship (RISE) initiative. This is a collaborative effort among public and private organizations to support immigrants and refugees in the entrepreneurial endeavors in the Louisville area. RISE recognizes that Louisville “has an untapped pool of talent for city-wide economic development in the form of immigrants and refugees” and that “this population has the potential of becoming drivers of economic growth” for the region. Immigrant entrepreneurs are often vital assets in communities. They start businesses, create jobs, and encourage community revitalization efforts. Immigrant businesses can help revive dilapidated or aging retail corridors. And they provide an opportunity for immigrants to reinvest in the area. Take for example Vilmar Zenzen, originally from Brazil, who is opening a new upscale Brazilian steakhouse in downtown Louisville. Zenzen already operates another Brazilian steakhouse in Knoxville, Tennessee. Read More

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