Trump plan to boost GDP may be at odds with his immigration policy
The Trump crack-down on immigration may make it more difficult for the administration to achieve its economic goals.
President Trump promises to soup up the American economy, boosting the nation's annual economic growth to "well over three percent."
That's a stretch. Last year GDP growth was about 1.6 percent. Still, some economists think with the right mix of tax and regulatory reform and some target stimulus - plus a little luck - growth could grow to 3% or more.
Economists argue about the best way to get there, but one thing they mostly agree on - the two key ingredients to growth are productivity, and increasing the size of the labor force.
That second ingredient is where the Trump economic plan may be at cross purposes with the President's immigration policy.
Wall St. Journal economic columnist Gregory Ip tells Take Two that changing demographics could spell trouble if the Trump administration clamps down hard on immigration. Ip notes an aging population, combined with a historically low birth rate, means the American workforce can't grow much on its own. He argues that now, more than any time in recent history, an intelligent infusion of immigrants into the work force could be an effective solution to our slow-growth economy.
Click the blue bar above to listen to the entire interview with the Wall St. Journal's Gregory Ip