These industries would be hit hardest by Trump’s plan for the largest ‘deportation operation in history’

by | Mar 1, 2024 | Stock Market

Former President Donald Trump has placed at the center of his campaign a plan to deport more than 12 million unauthorized immigrants living in the U.S. today. And while many of Trump’s other policy preferences — like a second round of corporate tax cuts — would require congressional approval, Trump and his advisers are adamant that he can institute what he has called “the largest domestic deportation operation in history” using the authorities already available to any president.

Now read: Trump tax cut 2.0: Would slashing the corporate rate again boost stocks? “Any activists who doubt President Trump’s resolve in the slightest are making a drastic error: Trump will unleash the vast arsenal of federal powers to implement the most spectacular migration crackdown,” said Trump immigration adviser Stephen Miller in an November interview with the New York Times. “The immigration legal activists won’t know what’s happening.” Such a program may prove popular with a segment of the U.S. electorate: A recent Gallup poll showed 55% of Americans, a record high, saying illegal immigration poses a “critical threat to the vital interests of the United States.” But Trump’s plan could prove devastating to industries that rely on migrant labor to produce products and services. Those include agriculture
MOO,
leisure and hospitality
PEJ
and construction
ITB,
where undocumented workers contribute roughly 10% of those industries’ total output, according to Queens College labor economist Francesc Ortega, who has published numerous papers on the economics of immigration. ”In a scenario where undocumented workers were vanished from the work …

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[mwai_chat context=”Let’s have a discussion about this article:nnFormer President Donald Trump has placed at the center of his campaign a plan to deport more than 12 million unauthorized immigrants living in the U.S. today. And while many of Trump’s other policy preferences — like a second round of corporate tax cuts — would require congressional approval, Trump and his advisers are adamant that he can institute what he has called “the largest domestic deportation operation in history” using the authorities already available to any president.

Now read: Trump tax cut 2.0: Would slashing the corporate rate again boost stocks? “Any activists who doubt President Trump’s resolve in the slightest are making a drastic error: Trump will unleash the vast arsenal of federal powers to implement the most spectacular migration crackdown,” said Trump immigration adviser Stephen Miller in an November interview with the New York Times. “The immigration legal activists won’t know what’s happening.” Such a program may prove popular with a segment of the U.S. electorate: A recent Gallup poll showed 55% of Americans, a record high, saying illegal immigration poses a “critical threat to the vital interests of the United States.” But Trump’s plan could prove devastating to industries that rely on migrant labor to produce products and services. Those include agriculture
MOO,
leisure and hospitality
PEJ
and construction
ITB,
where undocumented workers contribute roughly 10% of those industries’ total output, according to Queens College labor economist Francesc Ortega, who has published numerous papers on the economics of immigration. ”In a scenario where undocumented workers were vanished from the work …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]

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