Book Description

Unlike the United States, Canada, Australia, and the United Kingdom have developed (3z (Bvalue-added (3y (B immigration policies designed to boost GDP and per-capita incomes. These countries accept the proposition that markets are valuable institutions. But they also recognize that in highly competitive globalized economies, markets untempered by moderating policies and institutions will produce declining real incomes for many or most workers and unsustainable inequalities in income and wealth. In Value-Added Immigration Ray Marshall details how these three major U.S. trading partners developed their immigration policies, how these policies work, and what specific features can be adapted for the creation of a high-value-added U.S. immigration policy. Marshall, professor emeritus at the LBJ School of Public Affairs, University of Texas at Austin, served as secretary of labor in the Carter administration.