Link to much anticipated CBO report on immigration reform

The nonpartisan Congressional Budget Office assessment of immigration reform is in.  In a nutshell, passing comprehensive immigration reform woudl be a boon for the U.S. economy and would not cost the country as conservatives have charged.  The summary and full report are here.  Highlights include:

  • Increase the size of the labor force and employment,
  • Increase average wages in 2025 and later years (but decrease them before that),
  • Slightly raise the unemployment rate through 2020,
  • Boost the amount of capital investment,
  • Raise the productivity of labor and of capital, and
  • Result in higher interest rates.