Immigration boosts innovation and wages in the US. The positive dynamic impact of immigration on innovation and wages dominates the short-run negative impact of increased labor supply. Increased immigration to the US since 1965 is estimated to have increased innovation and wages by 5%.

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In Trump's eyes it is a big business opportunity for the US oil sector. "We're going to be extracting numbers in terms of oil like few people have seen," he said at a news conference in mid-January, after a meeting with energy bosses at the White House.

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