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Adam Posen
@adamposen.bsky.social
President, PIIE. Globalist. Former central banker. Political economy with a policy purpose. Writes on macroeconomic policy, G7/China relations, globalization, and economies of US, UK, Germany, Japan, and PRC.
1.9k followers144 following49 posts
Reposted by Adam Posen

Immigration is not a zero sum game. Immigrants are job creators in many ways. We found that undocumented immigrants hold $256 billion in spending power, fueling growth and creating jobs. When they leave, spending falls, the economy contracts, and Americans lose jobs. www.msnbc.com/opinion/msnb...

As demand rises, the need for labor goes up, more jobs are created, and native workers fill those jobs. When the economy contracts, demand goes down, fewer jobs are needed, and native workers lose their jobs. One recent study found that for every 500,000 people deported, 44,000 American citizens lose work. We estimate that mass deportations would cause the U.S. gross domestic product to fall anywhere from 4.2% to 6.8%. By comparison, the GDP dropped 4.3% during the Great Recession, which at its peak saw 15 million Americans out of work.
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APadamposen.bsky.social
APadamposen.bsky.social

How much would Trump's plans for deportations, tariffs, and the Fed damage the US economy? Straight talk blog based on non-partisan analysis by McKibbin, Noland and Hogan @piie.comwww.piie.com/blogs/realti...

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Important live release event at 9a ET @piie.comwww.piie.com/events/2024/...

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When I warned about The Price of Nostalgia, I didn't expect even this major party Presidential candidate to base an economic program on literally taking the US workforce and industrial structure back to 1936. Not a good thing. piie.com/sites/defaul...

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AP
Adam Posen
@adamposen.bsky.social
President, PIIE. Globalist. Former central banker. Political economy with a policy purpose. Writes on macroeconomic policy, G7/China relations, globalization, and economies of US, UK, Germany, Japan, and PRC.
1.9k followers144 following49 posts