Supreme Court decision on birthright citizenship gives US economy a $7.7 trillion win
Hello. I was hosting a discussion about AI and the American Dream at the Aspen Ideas Festival yesterday with the executives of Edward Jones and Gallup when the Supreme Court issued its decision affirming the 14th amendment right of children born on US soil to seek citizenship, regardless of what their parents say. Many leaders I spoke to see it as a win for business, as a study published by the Center for Migration Studies estimates that the beneficiaries will contribute $7.7 trillion to the US economy in their lifetime and $438 billion between 2025 and 2029 alone.
If the Supreme Court had upheld Trump’s order, Penn State researchers estimate that 255,000 people born in the US each year would be denied citizenship and the rights that come with it. (H-1B and L-1 visa holders would be affected, as well as undocumented workers.)
And how does that relate to the American Dream? It turns out that US immigrants are more optimistic about the country and happier than the general public. And Gallup CEO Jon Clifton points out that a record 79% of US adults now view immigration as a good thing for the country. As Gallup finds employee engagement and happiness at record lows, Clifton also notes that AI offers a much-needed opportunity to transform the workplace and career.
Another point I discussed with Clifton and Edward Jones CEO Penny Pennington was the importance of financial fulfillment. They participated in a study that found that only 16% of Americans say their money supports the life they want. Research points to the importance of hope, optimism, and a sense of financial stability in creating that sense of fulfillment. What much of the pessimism and fear surrounding AI is about he can happened, not what is actually happening in the rest of the country. The people who can change that conversation are business leaders.
Contact CEO Daily via Diane Brady at [email protected]
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CEO Daily is reviewed and edited by Joseph Abrams, Jason Ma, Claire Zillman, and Lee Clifford.
