“Economists, in letter to Trump, say immigration can boost growth, jobs, wages”

Chicago Tribune

“Nearly 1,500 economists of varied political persuasions signed an open letter to President Donald Trump and congressional leaders asserting the economic benefits of immigration.

“The letter, publicized Wednesday [April 12] and signed by a number of Chicago economists, is meant to demonstrate broad consensus that a smart immigration system can boost growth, jobs and wages in hopes legislators take that into account when crafting policy.

“…The letter's 1,470 signatories include six Nobel laureates…Thirty other economic and policy experts from the University of Chicago, Northwestern and DePaul universities and the Federal Reserve Bank of Chicago also signed.

“It was addressed to Trump, Senate Majority Leader Mitch McConnell, Senate Minority Leader Charles Schumer, House Speaker Paul Ryan and House Minority Leader Nancy Pelosi.

“The letter asserts that ‘immigration is one of America's significant competitive advantages in the global economy’ and with proper safeguards is ‘an opportunity and not a threat to our economy and to American workers.’

“Among the benefits, according to the letter: Immigrant entrepreneurs start new businesses that hire American workers; immigrants bring young workers to offset baby boomer retirements; they bring diverse skills that help companies grow and increase the productivity of American workers; and they're more likely to work in STEM…and other innovative fields that drive economic growth.

“…[T]the letter says…‘the benefits that immigration brings to society far outweigh their costs, and smart immigration policy could better maximize the benefits of immigration while reducing the costs.’"

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