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Dallas Fed: Don’t Blame Job Loss on Immigration and Trade

The Federal Reserve Bank of Dallas has an important message for Texas and the United States. Namely, stop blaming job losses on immigration and trade, especially trade with Mexico. Research conducted by the Dallas Fed shows that there is no link between international trade and job losses.

Dallas Fed President and CEO Robert Kaplan made the point recently at a meeting of the Texas Business Leadership Council in San Antonio. Kaplan said that reasons why jobs might not be as plentiful could be due to technology and other disruptions, such as hurricanes. But attributing those losses to trade and immigration could imperil the U.S. economy, he said.

Kaplan also told the TBLC that the trading relationship with Mexico is “strategic to the United States,” as it improves competitiveness.

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Mark El-Rayes is an award winning designer and photographer from Beirut, Lebanon. El-Rayes has over 15 years in the design industry, 5 years of which he served as a Mass Communication Specialist in the United States Navy at Naval Air Station North Island, Navy Public Affairs Support Element - West (NPASE). El-Rayes is a full-stack developer, seo specialist, photographer, and artist.