A September 2016 study by the National Academy of Sciences (NAS) opens with a statement that the U.S. economy profits $54.2 Billion annually from immigration. This is actually less than 0.3 percent of the $18.8 Trillion annual GDP. This top-line figure is enthusiastically reported by a national media that is largely ignorant of the economics and fiscal costs of immigration. The cheap-labor cartels that receive all the benefit are grateful for such enthusiastic reports as are the politicians who are funded by the cheap-labor cartels. Considering the vast importance of immigration issues to the country, far too few members of the U.S. Congress and state legislators have a good economic and fiscal understanding of immigration policy.
But celebrating only the top-line economic benefit to immigration is much like celebrating a $1.0 million widget sale, when the cost of acquiring or manufacturing those widgets was $1.5 million. It is also like falling for the fast-talking carnival pitch that buying three for the price of four is a great deal.
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