We Need an Immigration Stimulus

By iamned - Last updated: Tuesday, April 28, 2009 - Save & Share - 2 Comments

L. GORDON CROVITZ wrote an excellent article for the Wallstreet Journal on why immigration should be embraced as a form of economic stimulus.

The pace of lower-skilled migration has slowed due to higher unemployment. This could make it less contentious to ease the path to legalization for the 12 million undocumented workers and their families in the U.S. It’s also a good time to ask why we turn away skilled workers, including the ones earning 60% of the advanced degrees in engineering at U.S. universities. It is worth pointing out the demographic shortfall: Immigrants are a smaller proportion of the U.S. population than in periods such as the late 1890s and 1910s, when immigrants gave the economy a jolt of growth.

I emphatically agree. The problem with American labor it that it’s too expensive. Unnecessary amenities like pensions, heath care, severance pay and worker safety eats into corporate profits. In addition, laws regarding hiring discrimination and or wrongful termination need to be rescinded.

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The strength of the US economy isn’t in unionized, entitlement based jobs, but in the meritocracy embodied by the Internet, service, and finance sectors where lifetime employment and retirement subsidized at the expense of the company aren’t a guarantee. But in exchange, smartist companies like Google, Apple, Amazon.com, Visa, Twitter, Wallmart, Myspace, Facebook are created. That’s why meritocracy based companies like Goldman Sachs and Apple are thriving. On the other hand, General Motors is failing because it is encumbered by parasitic unions.

In order to accelerate the transition to a type one civilization and make the stock market go higher, politicians and corporations need to embrace insourcing and outsourcing, therefore widening the wealth gap. The ‘middle class’ is a relic of a bygone era. I implore the Obama administration to offer some sort of incentive for companies that ship inefficient jobs overseas and or insource skilled labor, as Gordon Crowitz is suggesting. Thomas Friedman also shares similar views, being that the world is flat.

ggg

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2 Responses to “We Need an Immigration Stimulus”

Comment from Jeff
Time April 28, 2009 at 6:34 pm

The ignorance in this blog is astounding.

Comment from Ali
Time May 13, 2009 at 7:50 pm

I think we should outsource this blog.

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