Today's @bopinion post is a review of the excellent new book "The Gift of Global Talent: How Migration Shapes Business, Economy & Society", by @william_r_kerr!https://www.bloomberg.com/opinion/articles/2018-10-24/america-s-need-for-skilled-immigrants-isn-t-going-away?utm_campaign=socialflow-organic&utm_source=twitter&utm_medium=social&utm_content=business&cmpid=socialflow-twitter-business …
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What about brain drain? Are we hurting other countries by taking their smart people? There's good reason to think we're not. Especially huge countries like China and India.pic.twitter.com/Ri5UYa6cfk
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In fact, there's another reason skilled immigration is so important and good: Skilled immigrants pay a lot of TAX MONEY, to support the native-born population.pic.twitter.com/6y2giM7ZRs
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The tax revenue from skilled immigrants is basically a free lunch for native-born Americans - including your parents and grandparents, your hometown, etc.pic.twitter.com/7ZPVseHwhD
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But the United States' skilled immigration system is NOT OPTIMAL. It needs to be improved. First of all, we need to prioritize high-wage workers for H-1b visas, instead of lower-wage workers.pic.twitter.com/Ml1HzmO7BD
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Second, we need to let H-1b workers apply for green cards THEMSELVES, instead of through their employers! This will cut the "tether" and make H-1b workers less like indentured servants.pic.twitter.com/f6JbwQWH4m
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Those are
@william_r_kerr's suggestions. Here are some more good ideas: 1. Region-based sponsorship of skilled immigrants (think: the Rust Belt) 2. Lifts on country caps (to prevent brain drain) 3. A Canada-style points-based immigration system!!!pic.twitter.com/b77mxHq9a8
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Skilled immigration is one of the last big free lunches that America has. Let's not throw that away. (end)pic.twitter.com/ud3BdI627W
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This is not meant as a dig on skilled immigrant workers at all but where is our education system failing at generating home grown talent to fill these spots? Colleges/Universities just dont have volume of Americans going in to these technical fields??
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We actually have pretty good volume in terms of producing native-born skilled workers. It's just that we're ultimately not that big a country. I know that sounds nuts, but China, for example, is 4x our size. If we want to keep high-value industrial dominance, we need LOTS of ppl.
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In other words, our education system is actually doing a very good job, we're just not a big enough country to ever produce all we need if we're going to still be the economic center of the world.
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