Is immigration the solution to the human capital crisis?
As policymakers fiddle around in search of solutions to strengthen the economy, some analysts suggest that they should consider immigration. The American Enterprise Institute recently released a paper which examined the economic impact of luring more skilled immigrants to the US.
The authors note that simply increasing the number of workers should not be the focus, but on how skilled immigrants can increase productivity growth.
“[W]hen we think about economic growth and progress, we are interested in productivity: doing more with less. Productivity growth is the key to long-run economic growth and rising standards of living. So do skilled immigrants contribute to productivity growth? The answer is a clear yes,” says AEI’s Nick Shultz.
Shultz looks at previous research and data pertaining to innovation, entrepreneurial trends, and how immigrants affect the US standing in terms of global competitiveness.