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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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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Replying to @Noahpinion
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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Replying to @wsquared58
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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