Adam Ozimek and Noah Smith make the case for high-skilled immigrants:
What voters and policymakers need to realize is that we are standing at a unique moment in our history, where both the supply of High-Skilled Immigrants and the need for them are at historic highs. Salaries for software engineers have doubled, signaling high demand. And the number of educated immigrants clamoring to move here from countries like India is extremely high. The only thing keeping employers from employees is the U.S. Border Patrol.
But this opportunity may not last. As countries develop, high-skilled people can earn decent salaries at home, or start businesses more cheaply than in America. Already, a growing number of high-skilled Chinese people are choosing to return to China after going to graduate school in the U.S.
We still have a window of opportunity to grab HSI from India and Southeast Asia, but that window will not be open forever.
In a follow up post, Ozimek defends lower-skilled immigration.