DREAM Act Will Create 1.4 million New Jobs and $329 billion to the U.S. Economy
On
October 1, The Washington Post posted a report from The Center of American
Progress. The result of this report may provide a path to pass The DREAM Act. The reports states that The DREAM
Act can impact an estimated 2.1 million youths. As a result, would add $329 billion and 1.4 million new
jobs to the U.S. economy by 2030 based on the data from the American Community
Survey .
According
to the report:
We concluded from this report that enabling 2.1 million eager-to-be-Americans, to achieve the American dream, would boost our
economy significantly. First, enacting the law would provide an incentive for such individuals to pursue higher education because for most of those who would be eligible for the legalization
provisions can only be attained through completion of high school and some
college. Achieving a higher education opens the door to higher-paying jobs, enabling
these undocumented youths to become much more productive members of our society.
Second, gaining legal status itself translates into higher earnings for these
youth; since legal status allows DREAMers to apply to a broader range of
high-paying jobs rather than having to resort to low-wage jobs from employers
who are willing to pay them off the books.
How
it works:
That's a lot of money being introduced into the economy, but who can say that this estimate will be factual?
ReplyDeleteI think Matthew, if America was on its regular time there would not have doubt that this math will work. But now as the job market is not that good, there is a doubt that legalizing another 1.2 million people will boost economy not increase the unemployment rate. My personal opinion is to take this risk because America does not have any plans to deport all the undocumented people. They are here. So better to give them opportunities to contribute to the economy someway. Research supports that new immigrants are more likely willing to invest in the business than the regular citizens. These people are not criminals, they are here to change their lives only and this is not new in America.
ReplyDeleteAccording to the Kauffman Foundation, in 2010, immigrants were more than twice as likely as native-born Americans to start a new business.
ReplyDelete