If I was dictator for a day I would end the H1B Visa, or the temporary work visa for the comparatively skilled. It’s true, the H1B Visa is a net negative for not only the US economy but the world as a whole. Economists of all stripes agree on this; the H1B visa costs thousands of jobs and unnecessarily stunts our economy. But is it a net negative in the way we might suppose? Let’s end the H1B Visa process in favor of a system that effortlessly allows all interested people an immigration path to the US. This is what would truly Make America Great Again.
Conservative estimates by economists show that restrictionist immigration policies stunt our global economy by half. That is, World GDP would grow by 100%, or double, if polices like these were lifted. Currently World GDP is $74 trillion as measured in US dollars. This means that World GDP could be $150 trillion! This is truly the most important issue of our time; not ISIS, not healthcare, not global warming.
Why is immigration such a tremendous net positive? Let’s think about it. Imagine how our economy would look if women didn’t enter the workforce, such as before the 1950s. Artificially removing half of the potential workforce has glaringly obvious downfalls. Women entering the workforce has improved our economy drastically. The same logic applies to immigrants on a greater scale. Why should we artificially limit human intelligence in our economy?
The 100% GDP growth estimate is easy to understand for a few reasons. Namely human labor should be used where it is most valuable. It is not hard to see that productivity of Filipino workers would be drastically greater in the US than in the Philippines. The productivity gain of this individual worker could be at least 20 times greater! It doesn’t take much thought to understand that first world technology greatly enhance the labor of not only immigrants, but workers in general. Not only does this contribute to tremendous growth, but human intelligence is a terrible thing to waste. Is it logically sound to limit smart Vietnamese or Indians from immigrating to the US where their talents are much more valuable? Unfortunately this is exactly what the H1B visa does; it limits the immigration of the moderately skilled to 65,000 a year and another 20,000 for the highly skilled, or roughly twice the population of Richmond County, North Carolina. If immigration was truly a net negative, we must ask has our economy really been bogged down by 85,000 SKILLED immigrants a year? And this is only the 800 pound gorilla on the tip of the iceberg.
Could the H1B get any worse? Enter, the H1B lottery selection process. Every year, new applicants are subject to a lottery to begin work in the US. In other words, recent graduates on student visas aren’t allowed to stay or work if they don’t obtain an H1B visa. Can you, as a US citizen, imagine the horror of being subject to a lottery of only 85,000 tickets to continue living in your beloved country, let alone a country full of tremendous opportunity? In recent years, immigrants had about a 30% chance of winning this ultimate lottery. What this means is that your loving friend from Vietnam, or India, whom you might consider family, could be ripped out of your arms and sent back to a country of destitute opportunities. For instance, even though India is quite advanced, the bottom 5% of Americans are richer than the top 5% of Indians. Can you imagine having your child sent back to that kind of poverty? I cannot imagine something more heinously cold-hearted than this immigration policy. We have the opportunity to truly make a difference in the world, especially among the worlds poorest, yet selfishly think of only ourselves when crafting such policies. Policies crafted by misconceptions and lack of economic understanding.
The reasoning behind these ill-crafted policies stem from fallacious delusions in our reasoning. Some of these justifications are simply misguided biases, such as the idea that immigration causes American unemployment or more crime. These two are simply not the case, no matter how much Trump or other political pundits might suggest. The disemployment effect is easy to debunk. If immigrants are likely to reduce American unemployment then so too is a growing American workforce like women or the Baby Boomer generation. As hinted at above, drastically increasing women’s participation in the workforce has done the exact opposite. This rapid increase in the workforce from women or Baby Boomers of course did not provide such an effect, but rather improved our economy for reasons not limited to those described above. When immigrants arrive they too must rent or own houses, use electricity, buy cars, and more. Not only do they produce and innovate in their respective industries, but they purchase products. The crime rate argument is likewise easily demolished. Fortunately immigration numbers have improved over the past 50 years while the crime rate has also dropped. These two worries are not simply mistaken, but systematically wrong.
There are a couple questions we must ask ourselves if we still believe in this misguided policy. If any of the restrictionist logic applies to foreign immigration, then it must also apply within American borders. For instance, my moving to Florida two years ago was done in the economic interest of myself. Does any American ever disapprove of my move by way of “taking” a Floridian’s job? Of course not. But why should the logic be any different? Nationalism clouds our thinking in this manner. We also must ask ourselves if these policies represent what it means to be free and American. Immigrating to better someone’s life is truly the epitome of the American mentality. Have we become a nation who looks down or discourages this behavior? If one single policy is to Make America Great Again, it is this.