Tuesday, June 12, 2012

Free Markets Require Increased Legal Immigration | Alex Nowrasteh | Cato Institute: Commentary

Free Markets Require Increased Legal Immigration | Alex Nowrasteh | Cato Institute: Commentary: "What should not be contentious, however, is the commitment for increasing legal immigration by anyone supporting free-market principles.

The current immigration system is the antithesis of a free-market economy and resembles nothing so much as a Soviet-style economic central planning bureau.

The government fixes quotas and subquotas on the number of immigrants by skill, country of origin, employer and even where they can live. Arbitrary rules, inspections and other requirements make the system virtually unworkable for all but the most committed of employers, with the result that American companies are prevented from finding the talent they want.

Soviet bureaucrats thought they knew everything about the labor market, including the number of workers, their skill level and even where they should live. Their efforts failed, and so has our immigration system."

"Our immigration regulations are not just arbitrary, complex and expensive, but are based on an entirely false premise that there is a fixed pool of jobs over which people must compete. Jobs are constantly being created and destroyed in a healthy economy. And immigrants create many of them."

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