US Immigration Reform is Economically Vital, Suggests Economist

The need of the US immigration reform finally struck to the mind of an economist who offered suggestions in favor of increasing immigration quotas for the sake of economic growth.

Charles Kenny, a renowned economist, shouted for the need of reviewing and re-structuring the US immigration policy and also said that the country requires a large number of unskilled migrants who can cater the requirements of agriculture sector.

Besides this, the US requires a large number of skilled workers for its high tech and manufacturing industries and also overseas investors, to enhance the economic development. More and more, the overseas students who graduated from the US universities must be pampered to reside in the Unites States.

Kenny, holds the position of fellow at the New America Foundation and the Centre for Global Development, stated that at present, the US immigration policy is quite rigid and unwelcoming, and prevents overseas talents from migrating to the United States.

Besides, the immigration policy drafted for the illegal migrants has made an adverse impact on agriculture by keeping away the low-paid workers who were employed in this sector. Moreover, implementing a limitation on the number of H1-B visas badly affected the high tech industries, often face scarcity of skilled workers.

More and more, US has failed to show its obligation towards foreign students who studied in the US universities, in terms of letting them stay in the country. Kenny, through his article that is published in a business week magazines, made his attention on the fact came out from research conducted by Carl Lin of Rutgers University, showed that when large availability (almost double) of the H-1B visas in 1998 that made a favorable impact on the share price of such industries.

Such high tech industries are liable to be accounted for approx 80 per cent of H-1B visas, which are issued. The process of issuing H-1B visa starts at the beginning of the financial year and total number of 85,000 visas are meant to be issued every year. The cap of the said visa was implemented even only after two months, in 2012.

He further observed that non-US nurses are better than the US born nurses as they earn 4 per cent more than the country based nurses. Besides, the 20 per cent foreign born nurses are also engaged in taking licenses in the US hospitals.

Kenny also racked up the issue of shrinking the US population and emphasized on overseas migration, which is vital for economic development and creating employment opportunities. He also stated that the US fertility rates witness a major fall, from 2.1 birth rates per woman (in the year of 2008) to 2. He also predicted that approx 70 per cent of Hispanic immigrants will be able to get home in the United States by the year of 2030.

Kenny finally advised and recommended some dynamic steps that must be taken by the US leaders for revitalizing the economic growth and also ensuring that enough workers available in the US to cater the industry requirements. Following are several important recommendations made by Kenny to the governments.

  1. Eliminating the cap on the number of H-1B visas. Currently, only 7 per cent of the total number of the said visas is issued to the residents of one country. It reflects that only 10,000 H-1B visas are to be issued to Indians.
  2. Presently, only 85,000 H-1B visas are issued every year that must be increased in every year.
  3. Recommendation for revamping the US EB-5 visa program. Presently, an investor who applies to migrate to the US through this visa has to provide a minimum investment amount of $ 500,000 and have to create at least 10 jobs, if they fail in creating jobs, they are fully entitled to be deported from the country – that’s too rigid!
  4. Recommendation for Schumer-Lee Bill that makes migrants eligible for residency, capable of purchasing a house for $ 500,000 or more.
  5. Recommendation for issuing a green card to those foreign students who completed their study from the US universities.
  6. Need to pass the DREAM Act that will provide an important path to obtain the US citizenship and right to stay in the country, only if the persons have not committed any crimes and studied at US institution, and served the country as military.
  7. Increasing the total number of H2 unskilled work visa granted per year.
  8. Increasing the number of Green Cards provided through the US green card lottery system.
  9. Recommendation for issuing the Green Cards to1,000,000 who are already in waiting list for obtaining permanent resident status and having temporary visa.

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