Partnership for a New American Economy

San Antonio Express-News
October 30, 2012

The hundreds of thousands of illegal U.S. immigrants who would be eligible for the DREAM Act could generate billions of dollars.

A study this month by the Center for American Progress and the Partnership for a New American Economy — a bipartisan group of U.S. mayors and business leaders — estimates the passage of the DREAM Act would generate $329 billion nationally through 2030. That's an average of more than $18 billion per year — about 0.5 percent of what the federal government spent during the 2012 fiscal year

That's just a drop in the bucket, but the Center for American Progress, a group critical of conservative policy, says some economic growth is better than none.“These are big numbers, but they are big numbers in a universe of really big budgets,” said Marshall Fitz, director of Immigration Reform at the Center for American Progress. Despite the relatively small amount, he said $329 billion on its own is a significant economic effect.

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Open Market
October 25, 2012

Opponents of human movement, also known as “immigration,” argue that if the U.S. government stops forcibly preventing foreign-born people from relocating to the United States, the wages of American workers will suffer dramatically. By appealing to economic terms — prices, wages, supply and demand — this argument maintains the illusion of intellectual credibility that merely shouting “they’re-taking-our-jobs” lacks.

The reality is the restrictionist argument — that more workers will mean lower wages — never makes it past Econ 101, class 1. This is because the argument ignores the “ceteris paribus” disclaimer, which says if all other things were held constant, wages should fall. But things are never held constant in real life, least of all when dealing with people. The economy is more dynamic than that — people create, innovate, buy and sell.

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Digital Journal
October 25, 2012

A recent report from the Partnership for a New American Economy, a bipartisan group of mayors and business leaders that promotes the economic benefits of sensible immigration reform, details the extensive benefits that the U.S. economy gains from businesses owned by immigrants. New York City Mayor Michael Bloomberg, who co-founded the group, has called for extensions of visa laws to minimize obstacles for everyone from highly educated medical and technical workers to low-wage and seasonal farm laborers and allow them to more easily participate in the U.S. economy.

The report, "Open for Business: How Immigrants Are Driving Business Creation in the United States," provides several key estimates of the beneficial effects of immigrant entrepreneurship on the health of the American economy:

- One of every ten privately employed American workers is employed by an immigrant-owned business

- Businesses owned by immigrants generate nearly $800 billion in revenue for the U.S. economy

- That revenue figure includes approximately $125 billion in payroll

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Huffington Post
October 24, 2012

Immigration has been key to America's preeminence in science and technology, and yet we're losing our competitive advantage. The loss of highly skilled immigrants is a serious threat to our global economic leadership -- and the jobs that flow from it -- and eliminating government obstacles in the way of that talent should be a top priority for bipartisan consensus on Capitol Hill once elections are over.

n a recent report titled "Not Coming to America: Why the U.S.
is Falling Behind in the Global Race for Talent," the Partnership for a New American Economy and the Partnership for New York City wrote:

More than 40 percent of America's Fortune 500 companies were founded by an immigrant or a child of an immigrant. In recent years, however, U.S. immigration laws have failed to keep pace with the country's changing economic needs. Artificially low limits on the number of visas and serious bureaucratic obstacles prevent employers from hiring the people they need -- and drive entrepreneurs to other countries, who are quick to welcome them.

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