Restrictive skilled-immigration policy costs U.S. jobs every single day. How many? Start with an estimated 100,000 jobs lost directly this year from H-1B visa applications that were either not filed or not approved beyond the current cap of 85,000. Then add 400,000, a ballpark estimate from research of additional jobs not created at immigrant-hiring companies and at these companies' suppliers.
That's 500,000 jobs lost thanks to too-restrictive U.S. immigration policy. Spread across 50 five-day workweeks, this translates into 2,000 U.S. jobs not created a day. That is a new job lost about every 43 seconds, around the clock, every single day that America is open for business.
Correcting misconceptions about markets, economics, asset prices, derivatives, equities, debt and finance
Tuesday, March 25, 2014
Restrictive Skilled-Immigration Policy Costs US 500,000 Jobs Per Year
Posted By Milton Recht
From The Wall Street Journal, "How America Loses a Job Every 43 Seconds: For every immigrant hired at technology companies, an average of five additional employees are added as well." by Matthew J Slaughter:
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