Mass Deportations Could Slash Bay Area Economy by $67B
California News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
A new report warns that mass deportations could devastate the Bay Areas economy, potentially losing up to $67 billion due to labor shortages and knock-on effects. The regions job market is already struggling, with undocumented workers filling critical roles in various sectors. Removing them could trigger layoffs, stagnant wages, and fewer opportunities, cutting $8.4 billion in annual tax revenue. The Bay Area relies heavily on its 2.6 million immigrants, including 477,000 undocumented residents, who make up 13-19% of workers in key sectors. Broader studies project national GDP hits of 2.6-6.2% over a decade, with the Bay Area standing to lose the most from these labor gaps.
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