Commentary: How Immigration Caps Choke Off GrowthBy
The latest Washington push to limit immigration is a classic case of how the government can break what doesn't need to be fixed. In the midst of one of the greatest economic booms in recent history--high productivity growth, low inflation, and rising competitiveness--lawmakers are proposing to reduce the number of skilled immigrants to the U.S. by as much as 50%. Who would be hurt most by this move? U.S. high-tech industries, of course--the sector most likely to employ high-skilled immigrants, as well as the sector most responsible for the American economic renaissance.
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