New Study Predicts RAISE Act Would Hurt U.S. Economy

08/11/2017

Yesterday, the University of Pennsylvania's Wharton School of Business published a study entitled, "The RAISE Act: Effect on Economic Growth and Jobs," which predicts the RAISE Act would harm the U.S. economy.

The Reforming American Immigration for a Strong Economy ("RAISE") Act, introduced by Senators Tom Cotton (R-AR) and David Perdue (R-GA), seeks to drastically reduce immigration to the United States, such as by eliminating the Diversity Lottery, limiting refugee admissions, and limiting family-based permanent residency. It would also overhaul how employment-based green cards are allocated by turning employment-based permanent residency into a points-based system that weighs factors such as age, education, and salary.

The Wharton School's study projects that by 2040 the RAISE Act would decrease the number of U.S. jobs by 4.6 million, decrease the country's gross domestic product by two percent, and slow the overall growth of the American economy. In explaining its findings, the Wharton School noted, "Job losses emerge because domestic workers will not fill all the jobs that immigrant workers would have filled."

Goel & Anderson will continue to monitor developments and provide updates. If you have any questions, please contact your Goel & Anderson attorney.

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