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Trump's Mass Deportation Plan Could Slash US GDP By Up To 6.8%, Report Shows
The president-elect's plan to deport millions of undocumented immigrants could lead to significant labor shortages, cost billions and hurt industries like agriculture and construction.
www.ibtimes.com
President-elect Donald Trump's promise to carry out mass deportations of undocumented immigrants could profoundly impact the U.S. economy, potentially cutting as much as 6.8% of national GDP, a new report showed.
Although undocumented workers make up a small portion of the total U.S. workforce, they are essential in sectors like construction and agriculture, where the highest shares of labor without a residence permit are found (13.7% and 12.7%, respectively).
Industries like plastering, roofing, and agriculture are also heavily dependent on immigrant labor, according to a report from the American Immigration Council compiled by Axios. Hospitality comes in third place, with a share of 7.1%.
A mass deportation operation – Trump has promised to expel all of the U.S.'s 11 million undocumented immigrants - would cost an estimated $315 billion and could lead to labor shortages in these industries, the report added.
Deportations could result in a GDP loss ranging from $1.1 trillion to $1.7 trillion, comparable to the economic downturn during the Great Recession, the American Immigration Council estimates.
Beyond the financial toll, the deportations would have a significant human impact. Approximately 4 million mixed-status families could be separated, affecting millions of U.S. citizens with undocumented relatives. The incomes of these families could decrease by nearly 63% or about $51,000 annually.