This is an excellent, short, highly readable, very important book. Every business executive and politician should have a copy.https://www.amazon.com/Gift-Global-Talent-Migration-Business/dp/1503605027 …
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Why are skilled immigrants so good, and so important? Because they're the backbone of high-value industries where the U.S. has a dominant position.pic.twitter.com/KQEnRFExqA
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If we don't bring skilled immigrants to the United States, high-value industries will migrate to other countries, and America will lose industrial dominance and be a poorer country.pic.twitter.com/Z0Ne30Mha9
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Contrary to popular belief, skilled immigrants - including H-1b workers - RAISE wages for native-born skilled workers. Why? Because downward wage pressure from competition is more than canceled out by the upward wage pressure from CLUSTERING.pic.twitter.com/mDq4sxcgP7
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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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Replying to @Noahpinion
Why not dispense with H1B and give them Green Cards?
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That's fine too, if we're willing to do that
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