An Open Letter from 1,470 Economists on Immigration Dear Mr. President, Majority Leader McConnell, Minority Leader Schumer, Speaker Ryan, and Minority Leader Pelosi: The undersigned economists represent a broad swath of political and economic views. 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. As Congress and the Administration prepare to revisit our immigration laws, we write to express our broad consensus that immigration is one of America’s significant competitive advantages in the global economy. With the proper and necessary safeguards in place, immigration represents an opportunity rather than a threat to our economy and to American workers. We view the benefits of immigration as myriad: • 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 and drive economic growth. Immigration undoubtedly has economic costs as well, particularly for Americans in certain industries and Americans with lower levels of educational attainment. But the benefits that immigration brings to society far outweigh their costs, and smart immigration policy could better maximize the benefits of immigration while reducing the costs. We urge Congress to modernize our immigration system in a way that maximizes the opportunity immigration can bring, and reaffirms continuing the rich history of welcoming immigrants to the United States. Sincerely, Douglas Holtz-Eakin American Action Forum; Former Director of the Congressional Budget Office Alice Rivlin The Brookings Institution Austan Goolsbee U. of Chicago George P. Shultz Former Sec. of State; Hoover Institution; Stanford U. Glenn Hubbard Abdul Pathan Pennsylvania College of Technology, Penn State U. Abdur Chowdhury Abhradeep Maiti Indian Institute of Management, Kashipur Abigail S. Hornstein Wesleyan U. Abraham Wickelgren U. of Texas, Austin Jason Furman Adam Gifford Jim Miller Former OMB Director for Pres. Reagan California State U. (Emeritus) Former Chairman, Pres. Clinton’s Council of Economic Advisers Phil Gramm Gramm Partners; Former Chair of the Senate Banking Comm. Vernon Smith Nobel Laureate in Economic Sciences, 2002; Chapman U. Oliver Hart Nobel Laureate in Economic Sciences, 2016; Harvard U. Alvin E. Roth Nobel Laureate in Economic Sciences, 2012; Stanford U. Trinity College (CT) Nobel Laureate in Economic Sciences, 2007; U. of Chicago A. James Lee AJL Health Economics Aaron Edlin UC, Berkeley; Clinton’s Council of Economic Advisors Abdirahman M Abdi Savanna Consultancy Anne Carroll Alberto Bisin Ananda Roop Ganguly Claremont McKenna College NYU Anant Nyshadham Alejandro Molnar Boston College Vanderbilt U. Anderson Reynolds Alejandro Rivera EconoTech Consulting Services U. of Texas, Dallas Aleksandr Yankelevich Alessandra Casella Alex Hsu Adam Storeygard Andreas Waldkirch Colby College Andrei Simonov Michigan State U. Andres Moya U. of the Andes Alex M. Brill Andrew Atkeson UC, Los Angeles American Enterprise Institute Adora Holstein Robert Morris U. Adriana Kugler Georgetown U. Alex Tabarrok Andrew B. Bernard Dartmouth College George Mason U. Alexander Ljungqvist Andrew Buck Temple U. 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