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1-min read

Economists Write Letter to Trump Stressing Importance of Immigrants for Economic Growth

Almost 1,500 economists have addressed a letter to President Donald Trump and top congressional leaders stressing the importance of immigrants for economic growth.

PTI

Updated:April 12, 2017, 11:08 PM IST
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Economists Write Letter to Trump Stressing Importance of Immigrants for Economic Growth
File image of US President Donald Trump. (Image: Getty Images)
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Washington: Almost 1,500 economists have addressed a letter to President Donald Trump and top congressional leaders stressing the importance of immigrants for economic growth.

The letter sent today notes that immigrants start businesses, are clustered in math, science and engineering and can offset any economic drag from baby boomer retirements.

It notes that "the benefits that immigration brings to society far outweigh their costs, and smart immigration policy could better maximise the benefits of immigration while reducing the costs."

Six Nobel laureates were among the 1,470 economists who signed the letter.

The signees come from across the political spectrum, including Austan Goolsbee, an economic adviser to former President Barack Obama, and Glenn Hubbard, who worked for former President George W Bush.

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| Edited by: Mirza Arif Beg
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