Most Americans believe immigration reform would be good for the economy -- the same conclusion borne out by a lot of research.
To be exact, 75 percent of Americans agree that granting undocumented immigrants legal status would be good for the economy, according to a recent report from Pew Research. But about half say that if undocumented immigrants were to gain legal status they would take jobs away from U.S. citizens.
The findings come as the Senate is slated to hold its first vote Monday on an amendment aimed at clearing the way for its passage by addressing Republican concerns with the proposal. If the immigration reform bill -- proposed by the "Gang of Eight" of bipartisan legislators -- is signed into law, it would create a path to citizenship for 11 million undocumented immigrants.
A a myriad of research has indicated that Americans are correct in assuming that granting undocumented immigrants legal status would boost the economy.
The immigration reform bill would shrink the deficit by $197 billion over the next 10 years and $700 billion over the following decade, according to a report released earlier this month by the nonpartisan Congressional Budget Office. That's less than that estimated by the American Action Forum, the conservative think tank that predicted in April that immigration reform would reduce the deficit by $2.5 trillion over the next 10 years.
Granting undocumented immigrants legal status would likely also help the nation grapple with some of its other fiscal woes. The immigration reform bill would boost the trust fund used to finance Social Security by adding more workers who would contribute payroll taxes to its coffers, according to a May analysis from the Social Security Administration.
The conclusions are slightly more mixed when it comes to how native workers would fare if immigration reform passes, but there’s evidence to suggest it could help some U.S.-born workers. An influx of immigrant workers would give a small boost to the wages of native workers overall, according to a January analysis from The Hamilton Project, though the wages of low-wage workers would likely fall slightly.
Still, it’s likely immigration reform would create more jobs, according to multiple analyses. For one, immigrants now residing the country legally are more likely to start businesses and employ more workers. In addition, legal immigrants are more likely to vie for jobs outside of the low-wage sector, cutting down on competition.
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Reform Would Help Curb The Deficit
Immigration reform would <a href="http://articles.washingtonpost.com/2013-04-08/business/38371503_1_previous-immigration-bills-immigration-reform-immigration-laws" target="_blank">reduce the federal deficit by $2.5 trillion</a> over the next 10 years, according to an April analysis by the American Action Forum, a conservative think tank.
Expelling Immigrants Is Expensive
Expelling the approximately 11 million undocumented immigrants currently in the United States would cost $2.6 trillion over the next 10 years, <a href="http://www.cnbc.com/id/100449802" target="_blank">according to CNBC</a>. That's because it costs the government more than $8,000 to deport each person.
Reform Would Help Fix The Social Security Problem
Immigration reform would help bolster Social Security because more legal workers would mean more people contributing payroll taxes to its trust fund, <a href="http://www.huffingtonpost.com/huff-wires/20130508/us-immigration/?utm_hp_ref=arts&ir=arts" target="_blank">according to an analysis from the Social Security administration</a>. Undocumented workers <a href="http://www.huffingtonpost.com/2013/04/18/immigration-reform-social-security_n_3103500.html" target="_blank">already contribute $15 billion per year</a> to Social Security.
Immigrants Start Successful Businesses
More than <a href="http://www.washingtonpost.com/blogs/wonkblog/wp/2013/01/31/worried-about-the-economy-then-pass-immigration-reform/" target="_blank">a quarter of technology and engineering firms</a> started between 1995 and 2005 had a foreign-born owner, according to the Washington Post. One <a href="http://www.huffingtonpost.com/2013/04/22/american-companies-founded-by-immigrants_n_3116172.html#slide=2357880" target="_blank">of the founders of Yahoo!</a>, Jerry Yang, is an immigrant from Taiwan.
Reform Would Save $410 Billion Over The Next 10 Years
The immigration reform bill proposed by the "gang of eight" senators would save <a href="http://www.huffingtonpost.com/2013/05/15/immigration-reform-save-billions_n_3280145.html?utm_hp_ref=business" target="_blank"> $410 billion over the next decade</a>, according to an analysis from Gordon Gray, the director of fiscal policy at the American Action Forum, a conservative think tank. The savings would come largely from a boost in GDP resulting from undocumented immigrants gaining citizenship and in turn likely making more money.
High-Tech Companies Say Reform Would Boost Their Bottom Line
Companies like Microsoft and Google have said that immigration reform would help them by <a href="http://www.bizjournals.com/sanjose/news/2013/01/29/facebook-microsoft-back-senate.html" target="_blank">allowing for more H1B visas</a>, a special kind of visa geared toward highly-skilled immigrants. The tech giants say they can't find enough qualified people in the U.S. to fill their staffing needs.
Reform Would Boost The Wages Of Native-Born Workers
U.S.-born workers see between a 0.1 and 0.6 percent boost in wages on average with an increase in immigration, <a href="http://www.huffingtonpost.com/2013/01/30/immigration-reform-workers_n_2583576.html" target="_blank">according to a January report from the Hamilton Project</a>, an economic policy initiative of the nonpartisan Brookings Institution. That's because immigrant workers bring skills with them that complement those of native-born workers, leading to new jobs.
Immigrants Are Entrepreneurial
Immigrants are <a href="http://www.whitehouse.gov/blog/2013/03/13/economic-case-commonsense-immigration-reform" target="_blank">more than twice as likely</a> than native-born Americans to start new businesses, according to a White House report on immigration reform.
Reform Would Boost GDP By More Than $1 Trillion Over 10 Years
Immigration reform <a href="http://www.cnbc.com/id/100449802" target="_blank">would boost GDP by $1.5 trillion</a> -- or about 1 percent -- over 10 years, according to an estimate from UCLA professor Raul Hinojosa-Ojeda cited by CNBC.
Immigrants Create Jobs
Businesses owned by immigrants <a href="http://www.whitehouse.gov/blog/2013/03/13/economic-case-commonsense-immigration-reform" target="_blank">created 4.7 million jobs</a> in the U.S. in 2007, according to a White House report on immigration reform.
Reform Would Bring In More Money Than It Costs In Benefits
Though many critics of immigration reform argue against the cost of providing increased public benefits, analysts say higher spending is not a likely consequence. A Congressional Budget Analysis of George W. Bush's 2007 immigration reform proposal found that it would cost the government $23 billion in more public services, but bring in $48 billion in revenue, <a href="http://www.washingtonpost.com/blogs/wonkblog/wp/2013/01/31/worried-about-the-economy-then-pass-immigration-reform/" target="_blank">according to the Washington Post</a>.