MA’s Joel Prakken was quoted in the article, “Curbing immigration will hurt the economy” by David Nicklaus of the St. Louis Post-Dispatch (excerpts shown below).
“Joel Prakken, senior managing director at Macroeconomic Advisers in Clayton, says most research shows that immigration helps the economy by increasing the working-age population and by boosting productivity.”
Some of the productivity increase comes from skilled immigrants who invent things — people such as Google co-founder Sergey Brin and Tesla founder Elon Musk.
It also comes from specialization: As employers hire immigrants for routine tasks, native-born employees move into jobs that make use of their language and communication skills.
“You get a larger and more flexible workforce, and you get a larger economy,” Prakken said. “If you told me right now, ‘No more immigrants,’ I would cut my forecast for economic growth dramatically.” (click her for article)