Obama vs. Silicon Valley on Immigration
Date: December 3, 2012
Wall Street Journal
December 3, 2012
…
Allowing skilled immigrants to stay in the U.S. would fill the hundreds of thousands of job vacancies expected in the sciences and technology. An increase in skilled immigrants would jump-start the economy. They would support the housing market by increasing demand. The best way to raise tax revenues is by adding new workers paying taxes, not by having fewer people paying more in taxes.
The U.S. has long been a haven for immigrants, giving the country a comparative advantage in attracting talented people. There is now global competition. Human capital will keep coming only so long as the U.S. has the wisdom to reopen its borders.
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