Research: ICE Campaigns Cost American Cities Up to $14 Billion in Lost Spending
1 report, 1 independent
Updated Sep 22
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What happened
Research by Wharton management professor Exequiel Hernandez found that the federal government’s aggressive Immigration and Customs Enforcement campaign cost American cities up to $14 billion in lost consumer spending last year. The analysis shows that areas targeted by immigration crackdowns experienced sharp declines in both supply and demand.
From upenn.edu
Why it matters
The economic impact of the enforcement campaigns is ongoing, as the fear caused by raids continues to deter shoppers and workers. The declines in local economies are indiscriminate, affecting areas regardless of the number of immigrant or Hispanic residents.
From upenn.edu
Who's involved
- ForbesHighlighted the economic research paper.
- NPRHighlighted the economic research paper.
- Donald TrumpMentioned in the title of the research paper.