According to U.S. Census data, the amount of net migration the U.S. saw in 2025 — about 1.3 million people — more than halved from the previous year. And while that sharp decrease is going to have a whole host of consequences, intended and otherwise, the economic hit in particular could be substantial.Natasha Sarin is president and co-founder or the Yale Budget Lab, which just put out a new report, “Lower Immigration Means Lower Productivity Growth.” Sarin joined “Marketplace” host Kai Ryssdal to talk about the medium-term and long-term economic implications of cutting immigration so drastically. To hear their conversation, use the player at the top of the page.
Immigration to the U.S. has steeply declined. The economic impact will last decades
“I worry about the longer-term consequences here,” said Natasha Sarin, president and co-founder or the Yale Budget Lab. “Importantly, they're not consequences that can be reversed.”
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