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Knowledge Economy Immigration: A Priority for U.S. Growth Policy

Knowledge Economy Immigration: A Priority for U.S. Growth Policy

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The single most important policy reform that will boost long-term economic growth in the United States is to reduce the barriers facing highly skilled and highly educated immigrants. At least 50,000 workers with advanced degrees are sent out of the United States each year, although they have already passed security tests and become part of the productive fabric of the U.S. economy. In a world where the knowledge economy adds more value to national incomes than physical labor, the current U.S. stance of exiling many of the smartest people in the world imposes self-inflicted wounds on our currently troubled economy.
The single most important policy reform that will boost long-term economic growth in the United States is to reduce the barriers facing highly skilled and highly educated immigrants. At least 50,000 workers with advanced degrees are sent out of the United States each year, although they have already passed security tests and become part of the productive fabric of the U.S. economy. In a world where the knowledge economy adds more value to national incomes than physical labor, the current U.S. stance of exiling many of the smartest people in the world imposes self-inflicted wounds on our currently troubled economy.

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Published by: The Ewing Marion Kauffman Foundation on Oct 10, 2012
Copyright:Attribution Non-commercial

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02/20/2013

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1
 
K
NOWLEDGE
E
CONOMY
I
MMIGRATION
:
 
A
 
P
RIORITY FOR
U.S.
 
G
ROWTH
P
OLICY
 
Tim Kane PhD and Robert E. Litan PhD
 
Ewing Marion Kauffman Foundation
 
 April 30, 2009
 
 
2
K
NOWLEDGE
E
CONOMY
I
MMIGRATION
:
 
A
 
P
RIORITY FOR
U.S.
 
G
ROWTH
P
OLICY
 
Tim Kane PhD and Robert E. Litan PhD
 
Ewing Marion Kauffman Foundation
 
 April 30, 2009
 
© 2009 by the Ewing Marion Kauffman Foundation. All rights reserved.
 
3
Abstract
The single most important policy reform that will boost long-term economicgrowth in the United States is to reduce the barriers facing highly skilled andhighly educated immigrants. At least 50,000 workers with advanced degreesare sent out of the United States each year, although they have already passedsecurity tests and become part of the productive fabric of the U.S. economy. Ina world where the knowledge economy adds more value to national incomesthan physical labor, the current U.S. stance of exiling many of the smartestpeople in the world imposes self-inflicted wounds on our currently troubledeconomy.

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