Panelists discuss to what degree an expansive immigration policy might suppress wages or limit opportunities for workers in the United States. There is some competition between low‐skilled American workers and undocumented immigrants, and racism and poverty exacerbate anti‐immigrant sentiments. Poor public education is partially to blame for the high number of unemployed, low‐skilled Americans. Illegal immigration may be more likely than legal immigration to suppress wages because unscrupulous employers do not adhere to labor standards. Employer sanctions and wider adoption of programs like E‐Verify are needed. [Note: This is an edited and abridged transcript of a panel discussion.]