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Article

4 Oct 2017

Author:
Steven Choi & Kathryn Wylde, Crain's New York

Commentary: DACA repeal will affect businesses & create "humanitarian crisis"

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"Kicking out 'Dreamers' is bad for America and for business" 4 October

Since the Trump administration announced earlier this month that it would end the Deferred Action for Childhood Arrivals program, there's been an outpouring of sympathy for the 800,000 young people who would be directly affected...There are at least 42,000...New Yorkers, around 10,000 of whom will be eligible for an extension if they file by an Oct. 5 deadline. The rest are facing the terrifying reality of being deported back to a country they don't call home...This is a humanitarian crisis...It is estimated that the forced firing of all the young people working on DACA permits could cost the U.S. economy upwards of $460 billion...The Cato Institute estimates that should the federal government force the firing of all DACA recipients, the turnover cost to employers would be $6.3 billion nationwide...Some 91% of DACA permit holders are employed and earn an average annual salary of $36,000, while 44% are earning a degree, 17% are pursuing a masters and 5% have started their own business...At least 72% of the top 25 Fortune 500 companies employ DACA workers. Advocacy groups and employers are united in support of the Dream Act as a first step toward comprehensive reform...

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