Presentation on theme: "Average (All) Bachelor’s Degree Advanced Degree Source: American Enterprise Institute and Partnership for a New American Economy analysis of the March."— Presentation transcript:
Average (All) Bachelor’s Degree Advanced Degree Source: American Enterprise Institute and Partnership for a New American Economy analysis of the March 2010 Current Population Survey, US Bureau of Census. Immigrants Pay More Than Fair Share
Latinos Lead New Business Creation … Immigrants were more than twice as likely to start businesses each month than were the native-born in The immigrant rate of entrepreneurial activity increased sharply, from 0.51 percent in 2009 to 0.62 percent in 2010, further widening the gap between immigrant and native-born rates. The native-born rate is 0.28 percent... …entrepreneurial activity rate among Latinos increased from 0.46 percent in 2009 to 0.56 percent in 2010, reaching the highest level over the past decade and a half... …Asian entrepreneurial activity rate also increased substantially in 2010 (from 0.31 percent to 0.37 percent) …African-American and non-Latino white entrepreneurial activity rates decreased from 2009 to 2010 Over the past decade and a half, Latinos, Asians, immigrants, and the oldest age group (ages fifty-five to sixty-four) experienced rising shares of all new entrepreneurs, partly because of rising rates of entrepreneurship, but also because of increasing populations. Kauffman Index of Entrepreneurial Activity Robert W. Fairlie, March 2011
Immigration Reform Will Increase GDP 10-Year Cumulative Additional Impact to U.S. GDP (in billions) Wages for native-born and newly legalized immigrants: Source: Center for American Progress and American Immigration Council, 2010.
Cost of Mass Deportation is Crippling Source: Center for American Progress and American Immigration Council, 2010 and Center for American Progress, March $158 billion Apprehension $29 billion Detention (not including construction of new facilities) $7 billion Legal processing $6 billion Transportation (excludes voluntary deportations which do not incur costs) $2.6 trillion 10-Year Cumulative GDP Loss $85 billion Continuing enforcement (5-years) (excludes voluntary deportations which do not incur costs) Total 10-Year Cost: $2.9 trillion