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Immigration reform will increase economic growth and productivity in the United States — but not uniformly. Most Americans and immigrants will reap rewards, while others could face increased competition in the labor market. Ethan Lewis will discuss how lower‐skilled immigrant workers affect the labor market decisions of similarly skilled Americans. Madeline Zavodny will delve into the economic impact of highly skilled immigrants and how business cycles affect immigrant flows. Michael Clemens will assess the global economic impact of immigration reform and the enormous economic potential of removing most immigration restrictions.