Tuesday, March 17, 2009

Follow-up to Harder and Harder to enter US

Follow-up:

I found another interesing article on NYT about foreign workers statistics. Consider that immigrants have about the same perecnet of college degrees as do US born citizens (27 and 28%). Consider also that the median income of an immigrant from India, Australia, the Phillippines, and South Africa had a median income of $91,195, almost 100% more than the national (55,000). This shows that foreign-born US citizens are extremely valuable to the US economy, and we need to keep bringing smart, creative workers here.

This topic is taking the backburner becasue of the bad economy, and that is just not good. Bringing more intelligent people to this country will provide more consumer spending (especially on services), given that they come here with a job.

I was not argueing that these foreign workers would take the jobs of Americans. Consider that TI, Microsoft, Cisco, and other tech giants have R&D offices overseas. Why? Because there are smart people there. It only makes sense to want as many as possible of those smart people to some here.

Also, the article did not say that there was an immediate ban on foreign students, as Emily suggests. It just said that a visa is becoming harder and harder to get. Consider that a majority of the foreign students here are from Latin America, not India, China and Eastern Europe. Check out The World Is Flat by Thomas Friedman for more information if you still disagree.

http://www.nytimes.com/2009/02/21/us/21census.html

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