As Congress and the White House debate reforms to our nation’s immigration laws, 1,470 economists across the nation joined together in signing a letter that was delivered today to President Trump and Congressional Leadership affirming that immigration is good for the American economy and detailing some of its major economic benefits. Organized by New American Economy and Douglas Holtz-Eakin of the American Action Forum, South Carolina signatories include:
South Carolina Economists
Daniel K. Benjamin – Clemson University
Calvin Blackwell – College of Charleston
William Hauk – University of South Carolina
Thomas Hazlett – Clemson University
Raymond Sauer – Clemson University
Robert Stonebraker – Winthrop University
Scott Templeton – Clemson University
The South Carolina signatories joined nearly 1,500 fellow economists across the country in signing the attached letter. Some of the most notable U.S. economists are have put their support behind this message to our nation’s leaders, including six Nobel Laureates and members of the Reagan, GHW Bush, Clinton, GW Bush, and Obama Administrations.
Vernon Smith – Nobel Laureate in Economic Sciences, 2002; Chapman University
Oliver Hart – Nobel Laureate in Economic Sciences, 2016; Harvard University
Alvin E. Roth – Nobel Laureate in Economic Sciences, 2012; Stanford University
Angus Deaton – Nobel Laureate in Economic Sciences, 2015; Princeton University
Lars Peter Hansen – Nobel Laureate in Economic Sciences, 2013; University of Chicago
Roger Myerson – Nobel Laureate in Economic Sciences, 2007; University of Chicago
Members of Past Presidential Administrations
Douglas Holtz-Eakin – Former Director of the Congressional Budget Office, Council of Economic Advisers for President George H.W. Bush; American Action Forum
Alice Rivlin – Former OMB Director for President Clinton; Brookings Institution
Austan Goolsbee – Former Chairman, Council of Economic Advisers for President Obama; University of Chicago
George P. Shultz – Former Secretary of State for President Reagan; Hoover Institution; Stanford UniversityGlenn Hubbard, Former Chairman,Council of Economic Advisers for President George W. Bush; Columbia University
Jason Furman – Former Chairman, Council of Economic Advisers for President Obama; Peterson Institute for International Economics
James C. Miller III – Former OMB Director for President Reagan
“The undersigned economists represent a broad swath of political and economic views,” the letter reads. “Among us are Republicans and Democrats alike. Some of us favor free markets while others have championed for a larger role for government in the economy. But on some issues there is near universal agreement. One such issue concerns the broad economic benefit that immigrants to this country bring.”
The letter goes on to state several ways immigration benefits our economy:
- Immigration brings entrepreneurs who start new businesses that hire American workers.
- Immigration brings young workers who help offset the large-scale retirement of baby boomers.
- Immigration brings diverse skill sets that keep our workforce flexible, help companies grow, and increase the productivity of American workers.
- Immigrants are far more likely to work in innovative, job-creating fields such as science, technology, engineering, and math that create life-improving products
Douglas Holtz-Eakin, President of the American Action Forum emphasizes: “this letter is a reminder that support for sound economic policy bridges partisan divides, and that well-crafted immigration policy can support the goals of more rapid productivity growth, economic growth, and middle-class prosperity.”
“Immigration is a shot in the arm for the U.S. economy,” said John Feinblatt, Chairman of New American Economy. “The data shows it, and nearly 1,500 economists know it – immigration means more talent, more jobs, and broad economic benefits for American workers and companies alike.”
About New American Economy
New American Economy (NAE) brings together more than 500 Republican, Democratic and Independent mayors and business leaders who support immigration reforms that will help create jobs for Americans today. NAE members include mayors of more than 35 million people nationwide and business leaders of companies that generate more than $1.5 trillion and employ more than 4 million people across all sectors of the economy, from Agriculture to Aerospace, Hospitality to High Tech and Media to Manufacturing. Learn more atwww.NewAmericanEconomy.org
About American Action Forum
AAF injects forward-thinking ideas into the public debate that will build a better economic future, promoting innovative, free-market solutions to create a smaller, smarter government. AAF provides data-driven insight to today’s defining domestic policy challenges, utilizes both in-house policy experts and a broad network of outside experts, and deploys modern communications approaches to express ideas and effectively engage policymakers, thought leaders, academics, media, and the general public.