Read on Twitter
The US Administration is reportedly preparing to bar foreign graduates of US universities from staying here to work.
Each percentage point fall in those graduates as a share of population is estimated to reduce innovation (patents per capita) by 9–18%. https://www.aeaweb.org/articles?id=10.1257/mac.2.2.31
Each percentage point fall in those graduates as a share of population is estimated to reduce innovation (patents per capita) by 9–18%. https://www.aeaweb.org/articles?id=10.1257/mac.2.2.31
This has nothing at all to do with emergency measures to create jobs for US natives. The Administration pushed for restrictions on the same visa when the economy was at full employment. https://www.theatlantic.com/business/archive/2018/09/stem-majors-jobs/568624/
What it will do instead is strike a blow against the entrepreneurship and innovation that any US economic recovery will require, as other research by Jenny Hunt has shown.
https://www.journals.uchicago.edu/doi/abs/10.1086/659409
Ungated https://www.nber.org/papers/w14920.pdf
https://www.journals.uchicago.edu/doi/abs/10.1086/659409
Ungated https://www.nber.org/papers/w14920.pdf
Stephen Miller and the rest of the Administration have shown no interest—none—in the economic research on the consequences of what they are doing.
No reputable economist estimating that their drastic actions will have anything resembling the effects they claim.
Nothing.
No reputable economist estimating that their drastic actions will have anything resembling the effects they claim.
Nothing.
