Con

Raul Hinojosa, PhD, Associate Professor of Chicana and Chicano Studies at the University of California at Los Angeles (UCLA), wrote in his July 18, 2005 BusinessWeek interview "A Massive Economic Development Boom":

“First and foremost, [illegal immigration] it’s a source of value added. The total goods and services that they consume through their paycheck, plus all that they produce for their employers, is close to about $800 billion. They’re also producing at relatively lower costs because the undocumented population typically gets about 20% less in wages than if they were legalized. That leads to lower prices for us and higher profits to employers. In addition, they’re obviously a huge consumer base. We’ve seen that 90% of the wages that the undocumented population gets are spent inside the U.S. Remittances are sent abroad, but that only represents about 10% of immigrants’ income. The numbers are becoming quite huge. We estimate about $50 billion dollars in remittances this year. That means that total consumptive capacity remaining in the U.S. is $400 billion to $450 billion. If you took away the undocumented population, it would be the worst economic disaster in the history of the U.S.”

July 18, 2005