The long view of economics and immigration (Two Indicators)

Planet Money

NPR

Business, News

4.6 • 29.8K Ratings

🗓️ 20 November 2024

⏱️ 17 minutes

🔗️ Recording | iTunes | RSS

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Summary

Mass deportations. What would actually happen—economically—if the President-elect follows through on promises to deport millions of people from America.

We don't have to guess.

Today we have two stories from Planet Money's daily podcast, The Indicator. First, the story from another time the US cracked down on immigration with the expressed intent of helping the economy. We look at how that worked out. And then we distill 20 years of research on immigrants and economic growth. What does immigration do for an economy? What types of immigration help? And who benefits?

Our most recent newsletter goes into more depth on some of this. Part one of two here. Subscribe to our newsletter here.

This episode is hosted by Adrian Ma, Darian Woods, and Wailin Wong. These episodes of The Indicator were originally produced by Cooper Katz McKim and Julia Ritchey, and engineered by Kwesi Lee and Maggie Luthar. They were fact-checked by Angel Carreras and Sierra Juarez. Kate Concannon is The Indicator's Editor.

Help support Planet Money and hear our bonus episodes by subscribing to Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoney.

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Transcript

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0:00.0	Support for NPR comes from NPR member stations and Eric and Wendy Schmidt through the Schmidt Family Foundation,
0:07.4	working toward a healthy, resilient, secure world for all.
0:11.5	On the web at theshmit.org.
0:14.6	Support for NPR and the following message come from Yarl and Pamela Mohn,
0:19.0	thanking the people who make public radio great every day and also those who listen.
0:25.5	This is Planet Money from NPR.
0:30.2	When we asked for your questions right after the election, there were a few that we got again and again.
0:36.0	One of those was how would mass deportation affect the economy?
0:40.7	Another was how do you even measure the economic impact of immigrants and immigration?
0:46.5	Well, we have some answers, some evidence.
0:50.1	And it comes in the form of two stories.
0:53.3	Hello, and welcome to Planet Money. I'm Daryan Woods.
0:56.1	And I'm Adrian Ma.
0:57.4	First, Daryan and our co-host, Whalen Wong, have the story from another time the U.S. cracked down on immigration with the express intent of helping the economy.
1:07.5	We look at how that worked out.
1:08.9	And then we take 20 years of research and we distill it
1:12.7	into what immigrants contribute to economic growth. And we run the numbers for immigration in the
1:18.6	U.S. Today's stories come from Planet Money's daily podcast, The Indicator. Enjoy. In 1880, the Chinese were the biggest group of immigrants in the Western US.
1:40.7	They accounted for around 20% of all immigrants in the region. This was a time of open borders.
1:47.0	Basically, if you had enough money to make the trip, you could come to the U.S.
1:52.0	And Chinese immigrants arrived in the West in two big waves, first during the California
1:57.0	gold rush of the 1850s, and then to build the transcontinental railroad about a decade later.
	...

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