DACA, as well as immigration reform in general, is good for the economic and social fiber of the country. The diversity, talent, and social integration that immigration brings are powerful drivers of economic growth, and they have been America’s “secret sauce” from even before the Constitution was written. Immigration, more than anything else, is what made America happen.
The Immense Economic Contributions of DACA ‘Dreamers’
Think of countries like Japan and Russia, where the general population, as well as the labor force, shrink year after year, resulting in economic stagnation with no end in sight. Japan in particular has been in the economic doldrums for a generation now. Meanwhile, even China is facing a demographic crisis for the same reasons — an aging population and a shrinking labor force.
But this is not so much the case in the USA, despite the declining birth rate among native-born citizens and the ongoing retirement of the Baby Boom generation. The reason for our economic resiliency couldn’t be clearer — immigration keeps our labor force growing and our economy vibrant (at least while no virus pandemic is stalking the land).
The youthful demographics of most of our immigrants offset the aging of our native-born workforce in a way that non-immigration countries cannot hope to match. Indeed, even the Congressional Budget Office (CBO) admits that the aging of the US workforce is responsible for 70 percent of the decline in potential economic growth.
The CBO also concludes that the efforts of America’s “dreamers” contribute tens of billions of dollars to the US economy. If DACA ends, the US economy will lose billions of dollars, and industries such as restaurants, construction, hospitals, retail outlets, technology, education, and design will all feel the pinch in a big way.