Entrepreneurship/Innovation
Immigrant Women: The Silent Victims of a Broken Immigration System
Even though there are approximately 19 million foreign born women in the U.S.—accounting for 12.3% of the female population—we tend to hear very little about them. A closer look at the female immigrant population reveals many important facts—immigrant women are incredibly diverse in terms of country of origin, time in the U.S., citizenship rates, income, poverty, and labor market participation. This week, the Immigration Policy Center (IPC) released a report, Reforming America’s Immigration Laws: A Woman’s Struggle by Kavitha Sreeharsha, a senior staff attorney at Legal Momentum’s Immigrant Women Program and a fact sheet detailing the demographic makeup of immigrant women in the U.S. Read More
SB 1070 “Gets Tough” on Arizona’s Housing Market
With only six weeks until Arizona’s immigration enforcement law goes into effect, area housing analysts are already expecting the worst. According to the Arizona Republic, housing experts anticipate that SB 1070 will not only drive illegal immigrants out of the state, but legal residents and potential new homebuyers with them—“departures from a state where growth is the economic foundation.” The resulting exodus will likely spur more foreclosures and create more vacant homes and apartments, which as real-estate analysts point out, will scare off potential homebuyers who fear lower home values. With a budget deficit of $4.5 billion and an economy struggling to get back on its feet, a declining housing market is the last thing Arizonans need. Read More
New Report on the Benefits of Legalization Comes Up Short
A new report released by the Public Policy Institute of California (PPIC) this week attempts to assess the economic benefits of a legalization program on immigrants and native born workers. The report, Immigrant Legalization: Assessing the Labor Market Effects, however, falls short on research and methodology. While the report accurately concludes that legalization would not have a negative impact on native workers' wages and employment, the report takes a myopic approach to legalization’s impact on wages and mobility of the newly legalized. A wide range of economic studies—studies which consider legalization’s impact in both the long term and in context to comprehensive immigration reform—conclude that legalization does in fact benefit both native-born and immigrants alike. Read More
Immigration and the Future of American Innovation: Does America Need to Pump Up the Volume?
It should come as no surprise to anyone following the global economy that when it comes to innovation and competition, America has lost that loving feeling. Numbers in key areas of innovation—percentage of patents issued, government funded research and venture capitalists' investments—are all down. While some point a finger at a weaker economy, others look to poor domestic policy and increased global competition. Either way, American innovation is slowly fading on the global stage. Read More
Proposed “Start-Up Visa Act” Would Help Create American Jobs
With the passage of the $15 billion jobs bill in the Senate last week, job creation is certainly at the top of the Congressional priority list. As a way to further stimulate the economy, Chairman and Ranking Member of the Senate Foreign Relations Committee, Senators John Kerry (D-MA) and Richard Lugar (R-IN), introduced the Start-Up Visa Act of 2010 last week which incentivizes job creation through the promise of legal residence status—that is, “drives job creation and increases America’s global competiveness by helping immigrant entrepreneurs secure visas to the United States.” Read More
Can Immigrants Give America’s Rust Belt a Tune-Up?
Immigrants have long been a driving economic force in America’s large thriving metropolitan areas—New York, Los Angeles, Chicago, Miami, Dallas—where immigrants’ economic output produces a large and growing share of the U.S. gross domestic product. But what about the once thriving industrial heartland of the United States known as the Rust Belt? In a roundtable discussion yesterday in Akron, Ohio, authors Richard Herman and Robert Smith discussed their new book which points out how “immigrants and the businesses they create” can “provide rundown neighborhoods with a powerful jolt of new investment and spinoff job opportunities” and how our broken immigration system is taking away at least one tool for economic recovery in the cities that need the most help. Read More
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