If you'll look again at the Cleveland Fed chart above, you'll notice that the collapse in labor's share of national income coincides with the start of the mass immigration influx after 1970.
While start-ups are important to job growth and innovation in America, U.S. immigration laws make life for start-up companies much more difficult.
At the start of the debate, Immigration Minister Damian Green claimed the government had inherited a "chaotic" and "indiscriminate" system from Labour, pledging that the coalition was working hard to get a grip on immigration.
BBC: 'Widespread' public concern about immigration - Tory MP
And it should start with this question: What is immigration for?
Leaving aside the mistaken idea that immigration is purely an act of generosity (start with this excellent Economist article for example), is it actually true that we do better than anyone else?
On that day, the U.S. Citizenship and Immigration Services (USCIS) is scheduled to start accepting applications for the limited supply of H-1B visas, which allow businesses to employ foreign workers with special skills such as teachers, scientists and computer programmers for an initial period of up to three years.
FORBES: Immigration On A Very Fast Track: The Race For H-1B Visas
"Mr. Hollande's positioning toward immigration, especially highly qualified immigration, will definitely make it easier for tech start-ups to recruit and retain bright people from all over the world, " said Patrice Lamothe, CEO of Pearltrees, a company that allows users to organize web links.
For a start, this slow growth in median income overlaps with a scale of immigration into America outpacing all immigration in the rest of the world put together.
He should start with the easier stuff where the parties have some similarities in position, like immigration, energy, and national security.
FORBES: A Suggestion For President Obama's State Of The Union Address
Ensuring that immigrants can start businesses and create jobs here in America is an important pillar of The Administration Blueprint on 21st Century Immigration Reform.
Although thorny details remain to be negotiated and success is far from certain, the development heralds the start of what could be the most significant effort in years toward overhauling the nation's inefficient patchwork of immigration laws.
应用推荐