Nothing to say, yet
Transcription
Removing illegal immigrants would have a negative impact on the US economy. Although they take jobs and increase taxes, the economy would shrink. The decrease in demand and supply, loss of consumers and workers, and a decrease in the long-run equilibrium would all contribute to this. The spending multiplier has a greater effect than the tax multiplier, making it beneficial to keep illegal immigrants. This is the main idea from today's episode of Methanomics, with thanks to the presidential candidates for joining. Thanks guys. Now let's check with our macroeconomic data. Although illegal immigrants take away jobs from Americans and increase taxes overall, the economy would shrink at the least. With the decrease in demand and supply, with the loss of many consumers and workers, not only will the economy be in a recessionary gap, but the long-run equilibrium could also decrease, effectively shrinking the economy. Adding on, the simple spending multiplier always has a great effect on the economy than the tax multiplier. So assuming the cost of keeping illegal immigrants is similar to the consumption of U.S. products, it would be beneficial to the economy to keep them. Overall, removing illegal immigrants would have some benefits, but it would have a negative impact on the economy of the United States. That's it for today's episode. A big thanks to our presidential candidates for joining us. And we hope to catch you next time on Methanomics.
