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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 […]
Read MoreHow the Senate Bill Seeks to Deter Future Waves of Unauthorized Immigration
The Senate Judiciary Committee continues to consider amendments to Title II of the “Border Security, Economic Opportunity, and Immigration Modernization Act’’ (S.744) today. For many, Title II is the bill’s core as it deals with the legalization of the undocumented population already living here and lays out the rules concerning future immigration, among other issues.
Read MoreBuilt to Last: How Immigration Reform Can Deter Unauthorized Immigration
One of the explicit goals of the “Border Security, Economic Opportunity, and Immigration Modernization Act’’ (S.744) is to curtail future flows of unauthorized immigration by correcting some of the flaws of the current legal immigration system. To that end, it establishes an updated system of legal immigration that, in principle, seeks to match the country’s economic and labor needs while respecting principles of family unification.
Read MoreFacts About H-1B Workers and the Innovation Economy
While widespread research documents a critical need for skilled workers in the United States to maintain and strengthen our innovation industry, myths exist in opposition to programs designed to help alleviate that shortage. In particular, the H-1B visa program for high-skilled foreign-born workers, primarily used for science, technology, engineering, and mathematics (STEM) fields, is a […]
Read MoreFueling the Recovery
How High-Skilled Immigrants Create Jobs and Help Build the U.S. Economy
With the U.S. economy still recovering, it may seem counterintuitive to believe that any industry would benefit from having more workers. But that is precisely the case when it comes to those industries which depend upon highly skilled workers. The United States has long faced a dilemma in this respect: the U.S. economy is, in general, absorbing more high-skilled professionals than the U.S. educational system produces or that are available in our workforce. That is one reason so many highly skilled workers in the United States are immigrants. For instance, in “STEM” occupations (science, technology, engineering, and mathematics), the foreign-born account for 26.1 percent of workers with PhDs and 17.7 percent of those with master’s degrees. However, arbitrary limits imposed by the U.S. immigration system, particularly the inadequate supply of green cards and H-1B visas, have restricted the ability of the U.S. to compete in the global battle for talent and ideas. Given that highly skilled professionals tend to create jobs through their innovative work, such limits are economically self-defeating.
High-skilled immigrant workers create new jobs.
Rebuilding Local Economies
Innovation, Skilled Immigration, and H-1B Visas in U.S. Metropolitan Areas
Although immigration policy is debated at the national level, its impact is most often felt in local and regional communities. This is certainly true for the H-1B program, which is routinely studied at the national level, but cannot be fully understood without driving down to examine the role of H-1B workers at the metropolitan and local levels. New research at this more specific level of analysis suggests that current H-1B policies must be made both flexible and nuanced. There is no “one size fits all” approach to the recruitment, hiring, and retention of high-skilled foreign workers. As lawmakers consider changes to the H-1B program, including the creation of a High Skilled Jobs Demand Index, it is essential to remember that demand for H-1B workers in many metropolitan areas is high, varies by industry, and has ripple effects throughout a regional economy. Thus, predicting and calculating the need for H-1B workers requires an understanding of the dynamics at the metropolitan level.
Metropolitan Area Demand for High-Skilled Workers is High, Especially in Innovation Industries
Innovation-intensive metropolitan areas tend to have higher rates of patenting, lower unemployment rates, and higher demand for high-skilled workers since patenting growth is correlated with job growth, population growth, and increases in educational attainment.
The Important Role of Immigrants in America’s Innovation Economy
This week, the U.S. Senate Committee on Commerce, Science, and Transportation weighed in on immigration reform with a hearing on the role of immigrants in America’s innovation economy. Remarks from Sens. Rockefeller (D-WV) and Thune (R-SD) noted the contributions of immigrant innovators and entrepreneurs. Immigrants in the United States were named as inventors or co-inventors […]
Read MoreSocial Security Administration Says Immigration Reform Will Increase Tax Revenue, Boost Economy
Will the immigration reform bill create millions of jobs, boost GDP, and help balance the budget? A new report by the Social Security Administration says that it will, by putting undocumented immigrants on the tax rolls and allowing them to participate fully and legally in the U.S. economy.
Read MoreLost in the Shadow of the Fence
The Important Economic Relationship of Mexico and the United States
Mexico is the United States’ third largest trading partner, after Canada and China, in terms of total trade in goods, while the U.S. is Mexico’s largest trading partner. As such, the economic ties of the U.S. and Mexico are significantly important to the economy and society in both countries. Further, the U.S.-Mexico border is not a static line drawn on a map, but a dynamic and ever-evolving place along which substantial daily interaction takes place. Yet the resounding refrain we repeatedly hear from some members of Congress is that building a 1,969-mile fence to separate us from one of our largest economic partners, and the eleventh largest economy in the world, is a key component to solving the issues presented by an outdated immigration system and a requirement that must be completed before moving forward with proposed immigration reforms. To be clear, there is a need for secure borders, but there is also a need for further streamlining and efficiently facilitating the daily cross-border flows of people, goods, and services important to the bi-national economic relationship of the United States and Mexico – an economic relationship the following facts highlight.
The United States and Mexico have an enormous trading partnership
Bloated Estimate of Legalization Costs Ignores Immigration Reform’s Broader Economic Benefits
Washington D.C. – Today, the Heritage Foundation released a report which attempts to assess the fiscal costs associated with legalizing the 11 million unauthorized individuals living in the United States. The new report is similar to a 2007 study, which was widely criticized at the time of publication and continues to be re-rejected today by […]
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