The Center for American Progress has released a report about the economic implications of the DREAM Act over a period of time.
This think tank report states that if DREAMers are in effect granted legal status in the U.S., it would add $329 billion dollars to the economy and create 1.4 million jobs over 20 years. There are 2.1 million young people eligible for the DREAM Act.
According to the report, there is one main way this segment of the population would increase their contribution to the U.S. economy: their pursuit of a higher education. As it stands today, undocumented students cannot pursue a higher education. With their status changed, they would be free to attend a university just like any other American citizen.
By 2030, their higher education will increase their earnings by $148 billion. Those earnings will result in more spending on goods and services, and it would result in 1.4 million jobs to keep up with demand. When factored in with the increased revenue of businesses, the figures were found to total $329 billion dollars.
To come up with these numbers, the think tank used American Community Survey data compiled for four years, between 2006 and 2010. That is how they estimated the number of DREAMers eligible for legal status through the DREAM Act.
The Center for American Progress is a think tank based in Washington and is left-leaning. The reports were created with the support of the Partnership for a New American Economy, created by New York Mayor Michael Bloomberg and News Corp. CEO Rupert Murdoch.