Trump’s mass deportation plan would be ‘economic disaster’ for US

Donald Trump speaks at a podium that says Trump Vance 2024 on it, spreading his arms wide and looking out over the camera.

(Outlet: The Guardian) “It would be an economic disaster for America and Americans,” says Zeke Hernandez, an economics professor at the Wharton School of the University of Pennsylvania, of Trump’s deportations threat. “It’s not just the immigrants would be harmed, but we, the people of America, would be economically harmed.”Read More

Trump Blames Immigrant Surge for Housing Crisis. Most Economists Disagree.

Construction workers climb on construction site in front of a tall apartment building

(Outlet: The New York Times) The former president often implies that deportations will bring down housing costs. Reality is more complicated. “In the long run, immigrants are the solution to the housing crisis,” said Exequiel Hernandez, an associate professor who studies immigration at the Wharton School at the University of Pennsylvania. “Without immigrants, you can’t increase the supply of housing.”Read More

The higher unemployment rate may not be a bad thing this time

Five people sit cross legged holding papers and laptops.

(Outlet: Marketplace) The dust is starting to settle from the global stock market sell-off Monday. One development that helped spark fear among investors was the increase in the U.S. unemployment rate, which ticked up to 4.3% in July from 4.1% in June. A rising jobless rate is not, on the face of it, usually a good thing. But this time, the reasons might not be so bad.Read More