Merrill: "The undocumented economy"

A few excerpts from a Merrill Lynch research note: The undocumented economy Let's consider three scenarios: 1.Improved border security and more aggressive deportations that lower the number of undocumented workers by 200,000 per year. This could be achieved by increasing annual deportations from about 400,000 to 500,000 and stopping 100,000 more people per year at the border. 2. Cut the number of undocumented workers in half over a four year period through tougher enforcement. 3. Effectively eliminate all undocumented workers over a four year period. ... In the first scenario the economic......(read more)

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