A Quote by Alan Greenspan

Skilled shortages in America exist because we are shielding our skilled labor force from world competition. [Visa quotas] have been substituted for the wage pricing mechanism. In the process we have created [a] privileged elite whose incomes are being supported at non-competitively high levels by immigration quotas on skilled professionals. Eliminating such restrictions would reduce at least some of the income inequality.

Alan Greenspan

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America Because Been Being Competition Created Eliminating Elite Exist Force High High Level Immigration Income Income Inequality Inequality Labor Labor Force Least Levels Mechanism Our Pricing Privileged Process Professionals Reduce Restrictions Shortages Skilled Some Supported Visa Wage Whose World Would

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Alan Greenspan
American - Economist
Born: March 6, 1926

We ought to be opening up our borders to skilled labour from all parts of the world because [the state of the world is as follows: ] if we were to do that we would increase the supply of skilled workers that our schools have been unable to create and as a consequence of that we would lower the average wage of skills and reduce the degree of income inequality in this country.

Alan Greenspan

High-skilled workers increasingly choose lucrative jobs that don't serve or supervise low-skilled workers. Low-skilled productivity and wage growth has lagged as a result.

Edward Conard

In our high-tech, high-skilled economy where low-skilled work is being scaled back, phased out, exported, or severely under-compensated, all the right behavior in the world won't create better jobs with more pay.

Michael Eric Dyson

Unfortunately, we have to dial down low-skilled immigration. We have to recognize that there is more unemployment among the lesser-skilled workers than among the most-skilled workers.

Edward Conard

Most high-income people in our country do not realize that their incomes are being subsidized by their protection from competition from highly skilled people who are prevented from immigrating to the United States. But we need such skills in order to staff our productive economy, so that the standard of living for Americans as a whole can grow.

Alan Greenspan

Minimum wage laws tragically generate unemployment, especially so among the poorest and least skilled or educated workers... Because a minimum wage, of course, does not guarantee any worker's employment; it only prohibits, by force of law, anyone from being hired at the wage which would pay his employer to hire him.

Murray Rothbard

Especially for the young and the lowest-skilled, minimum wage becomes a toll that prevents many from entering the work force and gaining the skills that can make a low income or middle class worker a high income worker. This is so obvious that one wonders why liberals keep championing the minimum wage cause.

Stephen Moore

I realized I never played a character that was skilled at anything, or skilled at anything that I couldn't become skilled at.

Jonah Hill

Significantly opening up immigration to skilled workers solves two problems. The companies could hire the educated workers they need. And those workers would compete with high-income people, driving more income equality.

Alan Greenspan

Where you see immigration competition play out most clearly is among high school dropouts. I'd say there's clearly immigrant competition among the least-skilled workers, but natives are a shrinking share while immigrants are a growing share.

Jared Bernstein

During a trip to Iraq last fall, I visited our theater hospital at Balad Air Force Base and witnessed these skilled medical professionals in action and met the brave soldiers whose lives they saved.

Melissa Bean

For our international projects we developed an online skilled volunteer job board to help connect skilled individuals around the world who can help with the projects. This is the cost effective channel to achieve a wider reach, which you wouldn't have been possible without technology.

David Batstone

For too long the U.S. immigration system has focused on accepting low-skilled immigrants. Basic economics tells us that the surge of low-skilled workers depresses wages and harms the prospects of American workers.

Mercedes Schlapp

While low-skilled immigrants have a place in our economy, a greater priority needs to be placed on attracting high-skilled immigrants to match the economy's needs.

Mercedes Schlapp

We have seen numerous instances in which American businesses have brought in foreign skilled workers after having laid off skilled American workers, simply because they can get the foreign workers more cheaply. It has become a major means of circumventing the costs of paying skilled American workers or the costs of training them.

Ronald Reagan

What I am against is quotas. I am against hard quotas, quotas they basically delineate based upon whatever. However they delineate, quotas, I think vulcanize society. So I don't know how that fits into what everybody else is saying, their relative positions, but that's my position.

George W. Bush

A Quote by Alan Greenspan

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