Cruelly, Irrationally, the U.S. Would Let Valuable Dreamers Slip Away: Ricardo Salinas

MEXICO CITY, Dec. 07, 2017 -- Grupo Salinas, a group of dynamic, fast-growing and technologically advanced companies, deeply committed to the modernization of the countries where they operate, announced today that its founder, Ricardo Salinas, stated in an article at The Boston Globe that human capital is the most valuable form of wealth. In the case of the U.S., decades of positive economic growth, driven mostly by immigration, have been the key to its standing as a world economic powerhouse.

Notwithstanding, Dreamers —undocumented young adults brought to the U.S. as children— which represent a pool of the finest kind of human capital, are at risk of losing their current status in that country.

In the specific case of the 800,000 participants in the Deferred Action for Childhood Arrivals —DACA— more than 90% are gainfully employed, enrolled in college, or serving in the military. Given these remarkable social indicators it is perplexing to witness the decision —due in March— to rescind DACA, subjecting almost one million young people to uncertainty and distress.

This is both cruel and irrational. It is cruel because Dreamers are foreign to their countries of origin. If expelled from the U.S., they would become vulnerable and their plans would be shattered, their livelihoods destroyed and their families pulled apart. It is irrational, because the economic benefits from this segment to the U.S. —a country at full employment— amount to billions of dollars per year.

In the remote likelihood that the U.S. government makes the fatal mistake of deporting this vast pool of highly educated, young, bicultural, and hard-working people, Mexico will have to do everything in its power to assimilate this impressive group and make them feel welcome and empowered. My country would profit greatly from one of the largest human capital windfalls in history.

Ricardo Salinas has the firm commitment to present ideas that are oriented to generate increased wellbeing and prosperity to the society. To read the full article please visit: https://www.bostonglobe.com/opinion/2017/12/05/cruelly-irrationally-would-let-valuable-dreamers-slip-away/TccEWbz0bhA669CBjCi5JM/story.html

About Grupo Salinas

Grupo Salinas (www.gruposalinas.com) is a group of dynamic, fast growing, and technologically advanced companies focused on creating: economic value through market innovation and goods and services that improve standards of living; social value, to create social capabilities to improve the communities’ conditions; and environmental value, by reducing the negative impact related to its business activities. Created by Mexican entrepreneur Ricardo B. Salinas (www.ricardosalinas.com), Grupo Salinas operates as a management development and decision forum for the top leaders of member companies. These companies include: TV Azteca (www.TVazteca.com; www.irtvazteca.com) Azteca America (us.azteca.com), Grupo Elektra (www.grupoelektra.com.mx), Banco Azteca (www.bancoazteca.com.mx), Advance America (www.advanceamerica.net), Afore Azteca (www.aforeazteca.com.mx), Seguros Azteca (www.segurosazteca.com.mx), Punto Casa de Bolsa (www.puntocasadebolsa.mx), Totalplay (www.totalplay.com.mx) and Totalplay Empresarial (http://totalplayempresarial.com.mx). TV Azteca and Grupo Elektra trade shares on the Mexican Stock Market and are part of its Sustainability Index. Each of the Grupo Salinas companies operates independently, with its own management, board of directors and shareholders. Grupo Salinas has no equity holdings. The group of companies shares a common vision, values and strategies for achieving rapid growth, superior results and world-class performance.

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