How Would Mass Deportations Affect the US Economy?
Patrick Boyle On Finance
Patrick Boyle
4.9 • 308 Ratings
🗓️ 15 January 2025
⏱️ 29 minutes
🧾️ Download transcript
Summary
Donald Trump has promised to conduct “the largest deportation effort in American history,” no matter what it costs—but the price tag may be bigger than expected. In today's video we look at a history of US border control and the economic costs of deporting more than six percent of the US workforce while the US workforce ages. Patrick's Books: Statistics For The Trading Floor: https://amzn.to/3eerLA0 Derivatives For The Trading Floor: https://amzn.to/3cjsyPF Corporate Finance: https://amzn.to/3fn3rvC Ways To Support The Channel: Patreon: https://www.patreon.com/PatrickBoyleOnFinance Buy Me a Coffee: https://www.buymeacoffee.com/patrickboyle Visit our website: https://www.onfinance.org Follow Patrick on Twitter Here: https://bsky.app/profile/pboyle.bsky.social Business Inquiries ➡️ sponsors@onfinance.org Links: Chloe East - The Labor Market Effects of Immigration Enforcement: https://www.journals.uchicago.edu/doi/epdf/10.1086/721152 Chloe East - Unintended Consequences of Immigration Enforcement: https://jhr.uwpress.org/content/early/2022/05/02/jhr.0920-11197R1 Warwick McKibbin presentation: https://www.youtube.com/watch?v=QV3lxKYIDFE What Will Mass Deportations Look Like: What Will Mass Deportations Look Like? How many people did Obama, Biden and Trump actually deport? https://www.the-independent.com/news/world/americas/us-politics/trump-deportation-numbers-obama-biden-b2649257.html Sarah O’Connor Article: https://www.ft.com/content/2bb60c40-efe1-48d1-9c9e-b9ff672ce349 Who is right about ‘Maganomics? https://www.ft.com/content/76ee5977-1f16-470b-86a5-400209aad5a3 What we know about unauthorized immigrants living in the U.S: https://www.pewresearch.org/short-reads/2024/07/22/what-we-know-about-unauthorized-immigrants-living-in-the-us/
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Busy routines can make it hard to focus on your health goals, but MedExpress offers a simple way to explore weight management treatment online. |
| 0:08.0 | Complete our short eligibility consultation with no need for face-to-face appointments or travel. |
| 0:13.0 | If eligible, treatment is delivered discreetly, with UK registered clinicians offering support along the way. |
| 0:19.1 | Visit Medexpress.co.ukk slash podcast to get started today. |
| 0:23.3 | In 2024, a major concern amongst voters in both Europe and the United States was immigration. |
| 0:30.3 | According to a Gallup survey, 2024 was the first year since 2005 that a majority of Americans wanted there to be less immigration, |
| 0:40.1 | and the percentage opposing immigration hit the highest level since 2001. |
| 0:46.0 | The US is home to the world's largest foreign-born population, where according to the Census Bureau, |
| 0:52.8 | immigrants make up 14.3% of the population. |
| 0:57.3 | As of 2022, Mexicans made up 23% of the total immigrant population, Indians made up 6%, |
| 1:05.7 | Chinese 5%, and Filipinos 4%. The majority of these people are legally in the country, but experts |
| 1:14.0 | estimate that there are between 11 million and 13 million illegal immigrants in the United |
| 1:20.2 | States and between 8 and 10 million illegal immigrants work in the country, which is as much |
| 1:26.8 | as 6% of the entire US workforce. |
| 1:30.3 | Nearly half of the illegal immigrants live in four states, California, Florida, New York, and Texas, |
| 1:38.3 | with many working in agriculture, in the service sector and in construction. |
| 1:43.3 | Immigration has been a signature issue for Donald Trump, who's advocated for slashing both |
| 1:49.6 | legal and illegal immigration. |
| 1:52.6 | Trump famously vowed to build a wall along the US-Mexico border to stop drugs and gangs |
| 1:59.0 | from getting into the country. He was unable to get funding from Congress to do this, which led to a government shutdown in 2019 |
| 2:07.1 | and a declaration of a national emergency, which allowed him to divert funds to build the wall. |
| 2:14.1 | Biden campaigned on overturning Trump's immigration policies and once elected a reduced |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Patrick Boyle, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Patrick Boyle and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.