Donald Trump has repeatedly pledged to launch the largest deportation program in American history, claiming it will free up millions of jobs for Black and Hispanic Americans. However, virtually no reputable economist believes he is right on either count.
According to economists, mass deportations would significantly reduce New York City’s workforce by hundreds of thousands of people, crippling businesses and causing a substantial loss in economic activity. The city’s economy stands to lose billions of dollars if millions of workers are deported. Furthermore, Trump’s tariffs policies would increase prices sharply in the city, particularly affecting lower-income workers who are already struggling.
The city is heavily reliant on immigrants, with an estimated 310,000 undocumented workers and another 100,000 New Yorkers holding temporary legal status. If deportations were to occur, it would have a devastating impact on the economy, consumer spending, and tax revenues. Undocumented workers not only contribute to the workforce but also generate significant economic growth.
Business leaders are divided on Trump’s immigration policies, with some remaining silent and others affirming their support for pro-immigration policies. The Partnership for New York City has expressed its opposition to Trump’s tariffs and deportation proposals, emphasizing that they would harm the city’s economy and hinder innovation.
Economists warn that there will be no boom in manufacturing jobs in New York City, as the city’s manufacturing sector has been non-existent for decades. Instead, high tariffs would lead to higher prices for consumers. Mayor Eric Adams’ office has not commented on Trump’s proposals, but the city comptroller running to replace him has argued that immigrants and asylum seekers will benefit the city.
The city’s economy is heavily dependent on immigrant workers, who pay significant taxes and contribute to consumer spending. The economic impact of mass deportations would be severe, making it essential for policymakers to carefully consider the consequences of Trump’s immigration policies.
Source: https://www.thecity.nyc/2024/11/03/donald-trump-mass-deportations-tariffs-economy