The Supreme Court’s birthright citizenship ruling hands the U.S. economy a $7.7 trillion win

Summary

Good morning. I was moderating a discussion about AI and the American Dream at the Aspen Ideas Festival yesterday with executives from Edward Jones and Gallup when the Supreme Court released its decision affirming the 14th Amendment right of children born on U.S. soil to claim citizenship, regardless of their parents’ status. Many of the leaders I’ve spoken to see it as a win for business, as research published by the Center for Migration Studies estimates that beneficiaries will contribute $7.7 trillion to the U.S. economy over their lifetimes and $438 billion between 2025 and 2029 alone. Had the Supreme Court upheld Trump’s executive order , Penn State researchers estimate that 255,000 people born in the U.S. each year would be denied citizenship and the rights that it brings. (H-1B work visa and L-1 visa (for employees transferred from abroad) visa holders would have been impacted, along with undocumented workers.) And how does that link back to the American Dream? Turns out U.S. immigrants are significantly more optimistic about the country and happier than the general population. And Gallup CEO Jon Clifton points out that a record 79% of U.S. adults now view immigration as a good thing for the country. With Gallup finding employee engagement and happiness at record lows, Clifton also notes that AI offers a much-needed opportunity to transform the workplace and work. One other point that I discussed with Clifton and Edward Jones CEO Penny Pennington is the importance of financial fulfillment. India’s NIFTY 50 was up 0.72%. Meet the only Black woman chair of the board in the Fortune 500 by Emma Hinchliffe Dell’s AI boom is real, but so is the profit margin hit nobody is pricing in by Mia Osmonbekov Gen Z and millennials aren’t convinced the American Dream exists anymore: Only 40% of them can afford to buy a home by Tristan Bove Stripe, Visa and over 140 other businesses to launch stablecoin to rival Tether and Circle by Camila Grigera Naón Remote-first fintech giant Revolut is making the office compulsory for new Gen Z grads—and they’ll earn flexibility like their peers after one year by Emma Burleigh CEO Daily is curated and edited by Joseph Abrams, Jason Ma, Claire Zillman, and Lee Clifford.