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Economics of Immigration

The U.S. Economy Still Needs Highly Skilled Foreign Workers

It might seem that the recent souring of the U.S. economy and rise in unemployment has rendered moot the debate over whether or not the United States really “needs” the highly skilled foreign workers who come here on H-1B temporary visas.  But the demand for H-1B workers still far outstrips the current cap of only 65,000 new H-1B visas that can be issued each year.  In fact, this quota has been filled within one day in each of the last five fiscal years.  As studies from the Harvard Business School, National Foundation for American Policy, Peterson Institute of International Economics, and National Science Board make clear, the presence in a company of highly skilled foreign workers whose abilities and talents complement those of native-born workers actually creates new employment opportunities for American workers.  Moreover, the arbitrary numerical limits currently placed on H-1Bs are not only incapable of responding to the changing demand for H-1B workers, but the international competitiveness of the U.S. economy will continue to depend heavily on the contributions of H-1B professionals and other of high-skilled workers from abroad for many decades to come.

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Published On: Fri, Feb 13, 2009 | Download File

Assessing the Economic Impact of Immigration at the State and Local Level

At a time of economic recession, high unemployment, and budget deficits, policymakers and the public are concerned about the impact of immigration—especially unauthorized immigration—on state and local economies.  In particular, there is debate over whether or not unauthorized immigrants are a drain on the budgets of state and local governments because of the public services they utilize.  Accurately assessing the costs and contributions of immigrants, particularly unauthorized immigrants, is a challenge, but research shows that roughly one-half of unauthorized immigrants pay federal and state income taxes, Social Security taxes, and Medicare taxes.  Moreover, all immigrants (legal and unauthorized) pay sales taxes (when they buy anything at a store, for instance) and property taxes (even if they rent housing).  Below is a survey of a number of state studies which have found that immigrants in general—and the unauthorized specifically—contribute to the public treasuries and economies of many states and localities.

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Published On: Tue, Aug 18, 2009 | Download File

Strength in Diversity: The Economic and Political Clout of Immigrants, Latinos, and Asians

America enjoys a demographic diversity that has long been a principal strength of the U.S. economy and civil society. Immigrants, Latinos, and Asians play critical economic roles as workers, entrepreneurs, and consumers.  As a result, they will be crucial players in the nation’s efforts to recover from the current recession.  Moreover, the immigrant, Latino, and Asian communities are key voting blocs that successful politicians cannot afford to ignore, particularly in close elections.

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Published On: Fri, Jul 02, 2010 | Download File

What Immigration Reform Could Mean for the U.S. Economy

Now more than ever, Americans are seeking real solutions to our nation’s problems, and there is no better place to start than protecting our workers, raising wages, and getting our economy moving again.  Part of this massive effort must include workable answers to our critically important immigration problems.

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Published On: Wed, Apr 01, 2009 | Download File

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