Yglesias

Increased High-Skill Immigration Would Be A Major Boost To The American Economy

CREDIT:

I’ve been asked a few times what I think of the Kerry/Lugar startup visa bill designed to create a special immigration category for foreigners who want to come here and start a business. My answer is basically the same as Annie Lowrey’s—this is a find idea but far too restrictive thanks to “inflexible rules about sales, capital investment, and job creation.”

Entrepreneurs who meet those targets are great, but anyone who comes to this country with skills is bound to provide a net boost to the economy. The United States of America isn’t an agricultural country that needs to worry about being stuck with too many mouths to feed. We’re a people-powered economy in which far and away our most valuable resource is the skills of our population. More architects, more scientists, more doctors, whatever, it’d all be good.