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Planet Money

The long view of economics and immigration (Two Indicators)

20 Nov 2024

Description

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.Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy

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Transcription

Full Episode

1.072 - 21.266 Darian Woods

This is Planet Money from NPR. When we asked for your questions right after the election, there were a few that we got again and again. One of those was, how would mass deportation affect the economy? Another was, how do you even measure the economic impact of immigrants and immigration?

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21.807 - 27.691 Adrian Ma

Well, we have some answers, some evidence. And it comes in the form of two stories.

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28.848 - 44.118 Darian Woods

Hello and welcome to Planet Money. I'm Darian Woods. And I'm Adrian Ma. First, Darian and our co-host Waylon Wong have the story from another time the U.S. cracked down on immigration with the express intent of helping the economy. We look at how that worked out.

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44.518 - 54.309 Adrian Ma

And then we take 20 years of research and we distill it into what immigrants contribute to economic growth. and we run the numbers for immigration in the U.S.

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54.91 - 59.039 Darian Woods

Today's stories come from Planet Money's daily podcast, The Indicator. Enjoy.

71.369 - 86.991 Adrian Ma

In 1880, the Chinese were the biggest group of immigrants in the western US. They accounted for around 20% of all immigrants in the region. This was a time of open borders. Basically, if you had enough money to make the trip, you could come to the US.

87.632 - 107.441 Nancy Chen

And Chinese immigrants arrived in the West in two big waves, first during the California Gold Rush of the 1850s, and then to build the Transcontinental Railroad about a decade later. The new arrivals were mostly working-age, able-bodied men. Nancy Chen is a professor of economics at Northwestern University's Kellogg School of Management.

108.222 - 114.965 Unidentified Speaker (Brief Interjection)

The interesting thing about the Chinese is that they were very organized in the way they came to the U.S.,

115.558 - 129.032 Adrian Ma

She says that most of the Chinese immigrants came via US-based companies run by Chinese merchants who spoke English. They recruited workers in China, handled all the paperwork, and hired out teams of laborers to American employers.

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