Only a few days ago I published a brief post that included among other things the perfectly reasonable conclusion that a surefire
mechanism that can leverage economic output is simply to increase the number of immigrants with advanced skills whose output and profitability is the highestand most efficient.
Alas, with a new political
order taking shape in Washington it would appear that President-elect DonaldTrump and prospective attorney General Senator Jeff Sessions are considering targeting this strategy for the scrap heap.
In the US House of Representatives Darrell Issa is all over it too.
Encouraging the employment-based green card
and H-1B visas would have enormous positive economic benefits for the United
States. If you measure patents as a proxy
measurement for innovation it is skilled immigrants that have proven themselves
to be among some of the most innovative contributors to economic growth. In the face of prospective government
meddling in commerce, business and free trade you don’t have to take my word
for it – read this missive published a couple of years ago by The Cato Institute.
Of course it is likely that
this possible protectionism is what blue collar supporters of the president-elect want to
hear so it will be fascinating to watch from the sidelines to observe whether
the new administration continues with the threats and assignment of blame. Or instead embraces the change and turns it
to our country's advantage. Somehow I
think I already know the answer - but I'll give them the benefit of the doubt
for a spell. Time will tell.
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