Separate from the immense loss of Social Security and Medicare receipts provided by the legal employment of DACA beneficiaries (over 85% of DACA Beneficiaries are lawfully employed), businesses will incur a large cost of employee turnover:
“To obtain the turnover cost for the massive lay-off of close to three quarter of a million DACA employees, we multiply $24,988.40 (the average yearly salary of a DACA recipient) by 645,145 to obtain $16,121,141,817.77. We then multiply $16,121,141,817.77 by 21.4% (the turnover cost) to yield $3,449,924,349.00 or $3.4 billion, the total turnover cost for the wholesale lay-off of the entire employed DACA population.”
Any employer knows that replacing an already trained and effective employee incurs many costs not considered by policy-makers and breakers.
See the full report HERE.
“The DACAmented portion of that workforce represents 9 percent of the full unauthorized workforce—645,145 divided by 7 million—and by taking 9 percent of $4.7 trillion, we arrive at $433.4 billion in lost GDP over a decade.”
I like that term. “DACAmented”. Let’s make it into something more permanent.