Fortune: Even Piecemeal Immigration Reform Could Boost U.S. Economy

Fortune magazine reports that welcoming foreign-born workers can create many more entrepreneurs and consumers. According to economists Ian Hathaway and Robert Litan, high-skilled immigrants are good for America, and should be encouraged to come here given recent trends in entrepreneurship, where more firms are dying than being created every year. High-skilled immigrants could help turn that trend around — they are twice as likely to start businesses as native-born Americans. This is especially true in high-tech sectors, where immigrants are not only more likely to start firms, but also to patent new technological discoveries. Giving green cards to foreign students completing STEM degrees at U.S. universities, and to many more immigrant entrepreneurs, would increase income and employment opportunities for American workers across the board, say Hathaway and Litan.

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