Friday, February 16, 2024

Immigration, Human Capital and $7 Trillion Economic Input

This video is thought provoking and provides a new perspective on immigration and some long tail benefits. Immigrants could contribute up tp $7 Trillion to our economy over the next 10 years. My thought was finding methods of stopping new illegal immigrants before we have a chance to vet them and procure the societal resources to transition new comers quickly into productive careers/jobs (i.e. training and sponsorship). 

One option is to find ways to transition immigrants most likely to stay on the tax payer rolls and contributing to the economy even if this ends up being on a short term basis. Likely controversial and it doesn't take away from the arguments for removal. Its more of an argument with what we are going to do with those who are already here and likely to stay versus what to do at the boarder or a determination of who stays and who goes (More bi-partisanship is needed.)

(If your asking me we should close the flood gates until we figure out what we are going to do in an orderly fashion.)

What I will notice from a theory standpoint was that even relatively unskilled labor from recent immigrants (Typically the first generation has less skills then later generations who become Americanized ) can increase the economy. We see how some countries like China have used low cost labor to their advantage (Labor intensive general skills) . The other methods is to increase technology adaptations with training/education in advanced manufacturing and other industries to increase the value of human capital at the center of a supply chain (High skill specialization)

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