The Economic Costs of Trump’s Immigration Crackdown

“The demographic maths look ugly. The Congressional Budget Office, a non-partisan scorekeeper, thinks America will have 2.3m fewer 18- to 64-year-olds in 2026 than it expected at the start of 2025. Economists at the Federal Reserve reckon that the total population could grow by less than 0.2% this year—the slowest pace since 1951, when the Korean war pulled young men out of the civilian count. The hit to the workforce is larger, since immigrants are likelier to work than native-born Americans. Since January the labour force has shrunk by more than 1m.”

“This is putting the labour market under strain. In 2022-24 employers added more than 230,000 jobs a month on average; in the past year and a half, that has slowed to 30,000. Yet the number unemployed, just below 7m, has barely budged. With migration collapsing and the population greying, job gains are structurally limited.”

Source: politicalwire.com