Brian Caplan has a great new Learn Liberty video related to foreign trade. Check it out.
Along with Machir Stull, my friend Matthew Denhart of the Calvin Coolidge Foundation calls for immigration reform in an article for the NY Post. They argue that American sports' fans benefit from special immigration policies that permit highly skilled athletes to obtain visas relatively easily, and that American consumers would benefit by extending similar policies to highly skilled workers and entrepreneurs. One group of Americans that might not like your proposal are those employed in the sectors that would likely see an increase in supply such as IT because they are earning a premium for their skills due to restriction on the supply.
Jason Russell summarizes recent economic research related to the potential costs and benefits of liberalization of immigration policy in an article for the Manhattan Institute's e21. As Russell suggests, recent research suggests that immigration liberalization will likely enhance growth and job creation. Of particular interest is a new NBER paper by Andri Chassamboulli and Giovanni Peri that simulates the potential impact of various immigration policies on native employment, finding:
"policies increasing deportation rates have the largest negative effect on employment opportunities of natives. Legalization, instead has a positive employment effect for natives. This is because repatriations are disruptive of job matches and they reduce job-creation by US firms. Legalization instead stimulates firms' job creation by increasing the total number of immigrants and stimulating firms to post more vacancies some of which are filled by natives."
Assistant Professor of Economics at Patrick Henry College.