Planet Money
The long view of economics and immigration (Two Indicators)
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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Quick takeaways
- The historical impact of the Chinese Exclusion Act illustrates how restrictive immigration policies can harm overall economic growth rather than help it.
- Immigrants significantly contribute to the economy through talent, consumption, taxes, investment, and innovation, challenging negative stereotypes about their role in society.
Deep dives
Historical Impact of Immigration Policies
The discussion details the consequences of the Chinese Exclusion Act of 1882, which aimed to curb Chinese immigration in an effort to protect jobs for white workers during economic downturns. Research revealed that instead of benefiting local white laborers, this policy led to a significant reduction in the overall labor supply, with white workers leaving as well. The diminished presence of Chinese immigrants resulted in declining economic vitality in many towns, as Chinese workers contributed to various services and local businesses. Ultimately, the Act's restrictions negatively affected economic growth in Western states for many decades.
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