Business & the Workforce
Supreme Court’s DOMA Decision Good for Economic Competitiveness
In the global economy of the twenty-first century, a globally mobile workforce is critical to remaining competitive. Yet for LGBT employees, their families, and their employers, significant barriers remain in place. The Supreme Court’s June 26 decision in United States v. Windsor finding part of the Defense of Marriage Act (DOMA) unconstitutional has clear and direct benefits for married same-sex couples, including bi-national couples. But beyond the benefits to married couples themselves, the Court’s decision is also a win for economic competitiveness. Specifically, the DOMA ruling makes U.S. businesses more globally competitive because they now can attract and retain foreign-born employees who want to stay in the United States with their same-sex spouses. Read More
Local Welcoming Initiatives Help Build a Nation of Neighbors
While attention has been focused on federal immigration efforts these last few months, states and cities continue to encourage and promote immigration as well. From well-established programs like Welcoming America and its many state-level affiliates, Cities of Migration, the Building Resilient Regions research group, and the Center for the Study of Immigrant Integration, to new programs like the Welcoming Cities and Counties initiative, the impetus to invite immigrants into our communities continues to grow. Read More
Immigrants are Key Driver of U.S. Talent and Economic Competitiveness
U.S. workers in science, technology, engineering, and mathematics (STEM) fields have been important contributors to American innovation, job creation, rising incomes, and global economic competitiveness throughout the years. And not surprisingly, immigrants have played a critical role in American innovation through STEM fields and all parts of the U.S. economy. A new report by Gordon Hanson (University of California, San Diego) and Matthew Slaughter (Dartmouth) describes these important relationships between talent, economic competitiveness, and immigration in the United States. In their paper, the authors present data in support of three critical points: Read More
Immigrants Boost Economic Vitality through the Housing Market
Abundant research shows that immigration is a net benefit to the United States’ economy. It leads to higher wages, business formation, job creation, and greater innovation – nationally and locally. Foreign workers who immigrate to the U.S. help alleviate labor force gaps left by a workforce increasingly nearing and entering retirement age. Furthermore, immigrants help fulfill growing healthcare needs of an aging population. In addition to these positive benefits of immigration, the favorable effect immigrant home-buyers have on the housing market is another important economic impact. Indeed, new research from the Americas Society/Council of the Americas and the Partnership for a New American Economy describes how the 40 million immigrants residing in the United States added $3.7 trillion to housing wealth in the U.S. The research, prepared by Jacob Vigdor at Duke University, uses county-level data on population and housing from the U.S. Census Bureau and American Community Survey from 1970 to 2010. The results show that immigration led to a boost in home values, particularly in neighborhoods hit hardest by the U.S. housing bust. Read More
Immigrants and Their Children Fill Gaps Left by Aging American Workforce
Over the next two decades, as the baby boom generation continues entering retirement, we will experience the largest exodus from the workforce by any generational cohort in American history. This wave of retirees will create a labor force deficit among the millions of jobs baby boomers depart from on top of new job growth industries create. Amid this great demographic shift, immigrants and their children are poised to play a critical role in filling workforce gaps left by massive baby boom generation retirements over the next twenty years, as a new forward-looking report from the Center for American Progress describes. Read More
Busting the Myth of the “Job Stealing” Immigrant
Some critics of the immigration bill now winding its way through the Senate claim that it would increase unemployment among native-born workers—especially minorities—by adding more immigrants to an already tight job market. In fact, both the legalization and “future flow” provisions of the bill would empower immigrant workers to spend more, invest more, and pay more in taxes—all of which would create new jobs. Contrary to the simplistic arithmetic of immigration restrictionists, employment is not a “zero sum” game in which workers compete for some fixed number of jobs. All workers are also consumers, taxpayers, and—in many cases—entrepreneurs who engage in job-creating economic activity every day. Read More
Immigrant Entrepreneurs Grow Industries and Create Jobs
As you might suspect, immigrant entrepreneurs are key drivers in the transportation, food and building services industries. And a recent report from the Immigrant Learning Center (ILC) shines a spotlight on immigrant entrepreneurship in these industries, with a particular geographic focus on Massachusetts, New York, and Pennsylvania. Concerning the three industry areas, the ILC study – through an analysis of public data and interviews with immigrant business owners and industry representatives – finds the following: Read More
Three Ways Immigration Reform Would Make the Economy More Productive
By David Dyssegaard Kallick, Director of the Fiscal Policy Institute’s Immigration Research Initiative. A report just released by the Fiscal Policy Institute, Three Ways Immigration Reform Would Make the Economy More Productive shows that legalization of undocumented immigrants, done right, would do three things to increase economic productivity in the United States. Read More
How Immigrant Entrepreneurs Fare in the New Immigration Bill
With the Senate Judiciary Committee’s vote last week to pass S.744 on to the Senate floor, a new proposal for spurring immigrant entrepreneurship and innovation will be before Congress. Title IV, Subtitle H of the bill creates the INVEST visa (Investing in New Venture, Entrepreneurial Startups, and Technologies) for immigrant entrepreneurs. This new visa program would allow immigrant entrepreneurs to come to the United States, start businesses, and create jobs in America. There would be two types of INVEST visas. A nonimmigrant INVEST visa would be renewable provided certain initial investment, annual revenue, and job creation criteria are met within an initial three-year period. The immigrant version of the INVEST visa would have basically the same criteria just at higher thresholds. The committee also adopted an amendment that permanently authorizes the EB-5 Regional Center Program, which has created tens of thousands of American jobs and attracted over $1 billion in investments since 2006. Read More
Experts from Left and Right Agree on Economic Power of Immigration Reform
In recent years, study after study has demonstrated a simple yet economically powerful truth about broad-based immigration reform: workers with legal status earn more than workers who are unauthorized—and these extra earnings generate more tax revenue, as well as more consumer spending, which creates more jobs. As a new report from the Center for American Progress (CAP) points out, this fact implies that states with appreciable unauthorized populations stand to gain economically from immigration reform that includes a legalization program for the unauthorized. Moreover, a new open letter to Congressional leaders released by the conservative American Action Forum illustrates that it is not only liberal advocacy groups like CAP which recognize the economic potential of immigration reform. Read More
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