Planet Money The long view of economics and immigration (Two Indicators)
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Nov 20, 2024 What happens when policy changes aim to deport millions? Dive into the economic fallout of past crackdowns on immigration. The historical impact of the Chinese Exclusion Act reveals how exclusion affects not only immigrants but local economies too. Unravel the complex narratives surrounding immigration, showcasing its potential benefits and contributions. Discover how immigrants drive innovation and growth, and understand the consequences of stagnant immigration policies in the U.S. Ultimately, a poignant look at the hidden economic engines immigrants represent.
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Chinese Exclusion Act Backfires
- The Chinese Exclusion Act of 1882 banned Chinese laborers from entering the U.S. for 10 years.
- This policy aimed to boost the economy but ultimately harmed both Chinese and white workers.
Beyond Fear and Pity
- Immigrants are often viewed as either villains or victims, but this is a false dichotomy.
- They contribute positively to the economy and society.
Five Pillars of Immigrant Contribution
- Immigrants contribute five key elements to economic growth: talent, consumption, taxes, investment, and innovation.
- These contributions are vital for a thriving economy.
