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 2010. 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 1996-2010 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 2010. $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