8/14/18 Jeremy Robbins, Executive Director of New American Economy. Mr. Robbins's organization was invented by Michael Bloomberg to try to inject economic realities into discussions about immigration. Often, one side argues human rights and needs, and the other argues law and order, and the conversation goes nowhere. Mr. Robbins cited many economic facts about migrants. For example, 40% of S&P 500 companies are headed by immigrants. Whole industries, like agriculture, would suffer without immigrants. Some immigrants unquestionably impose costs on the economy, but in general immigration has been a tremendous boon to the US economy.