We have periodically reported on new studies and reports that support the notion that immigrants and immigration stimulate the economy and create new jobs for U.S. business. Here are some more:
.- A Kauffman Foundation report (February 2013), “Give Me Your Entrepreneurs, Your Innovators: Estimating the Employment Impact of a Startup Visa” states that between 500,000 and 1.6 million new jobs could be created over the next 10 years as a result of a “Startup” visa, a proposal to make 75,000 visas available for current holders of H-1B and F-1 visas.
.- The Center for American Progress (March 2013) reports that granting undocumented immigrants immediate citizenship would add $1.4 trillion to economic growth, increase tax revenues by $184 billion and create 203,000 jobs over the next decade.
.- A May 2012 report of The Partnership for a New American Economy and the Partnership for New York, concludes that America’s position as the global magnet for the world most talented and hardest-working is in jeopardy. In the report, entitled “Not Coming to America: Why the U.S. Is Falling Behind in the Global Race for Talent,” the authors compare America’s immigration policies with those of other nations — and finds our policies irrational and undirected, in sharp contrast with the targeted, strategic approaches seen elsewhere. They outline six specific immigration reforms that the country should adopt to continue to attract the most talented, innovative, and necessary workers: (1) Provide visas to the STEM graduates educated in American universities. (2) Award more green cards based on economic needs. (3) Create a visa program to allow foreign entrepreneurs to build their firms in the US. (4) Let American companies hire the highly educated workers they need. (5) Give seasonal and labor-intensive industries access to foreign workers when they cannot find Americans to fill jobs. (6) Allow local governments to recruit more immigrants to meet regional needs. These are expected to be the main tenets of the new reform proposal.
.- And finally, National Economic Council Director Gene Sperling added his voice to the choir in a recent White House blog, stating that common-sense immigration reform is good for the economy, and describing how it would grow America’s GDP, stimulate small business growth, create more jobs, boost demand for consumer goods, and more.