Thursday, January 10, 2008

Inclusive Legal Immigration

The Economist. Increasing legal immigration yields more benefits than giving foreign aid. And this:
The movement of people also helps the rich world. Prosperous countries with greying workforces rely ever more on young foreigners. Indeed, advanced economies compete vigorously for outsiders' skills. Around a third of the Americans who won Nobel prizes in physics in the past seven years were born abroad. About 40% of science and engineering PhDs working in America are immigrants. Around a third of Silicon Valley companies were started by Indians and Chinese. The low-skilled are needed too, especially in farming, services and care for children and the elderly. It is no coincidence that countries that welcome immigrants—such as Sweden, Ireland, America and Britain—have better economic records than those that shun them. [snip]

Immigration can, for instance, hurt the least skilled by depressing their wages. But these workers are at greater risk from new technology and foreign goods. The answer is not to impoverish the whole economy by keeping out immigrants but to equip this group with the skills it anyway needs.

Inclusive, productive legal immigration. We still need a fence. But we need to regularize more legal immigration. It's the future.

UPDATE: And VDH on illegal immigration-state of the debate.

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