How immigrants and their children affect the US economy
Slowing workforce growth can affect American GDP growth unless we focus on skills training and immigration reform, says Robert Steven Kaplan, the President and CEO of the Federal Reserve Bank of Dallas. Without immigrants, our workforce would not expand, he argues, based on the fact that immigrants have made up more than half of the workforce growth in the United States in the last 20 years.
Robert S. Kaplan is president and chief executive of the Federal Reserve Bank of Dallas. Previously, he was the Senior Associate Dean for External Relations and Martin Marshall Professor of Management Practice in Business Administration at Harvard Business School. He is also co-chairman of Draper Richards Kaplan Foundation, a global venture philanthropy firm, as well as chairman and a founding partner of Indaba Capital Management. Before joining Harvard in 2005, Kaplan was vice chairman of the Goldman Sachs Group with responsibilities for Global Investment Banking and Investment Management.
- Big Think