An immigrant workforce leads to innovation, according to new research

5 years ago
Anonymous $hM_jrxqbr-

https://www.sciencedaily.com/releases/2018/07/180716141621.htm

In a National Bureau of Economic Research working paper by Gaurav Khanna and Munseob Lee, both assistant professors of economics at the School of Global Policy and Strategy, the authors outline how these findings were uncovered through the use of a novel data set that combined data on H-1B workers and firm production.

"We found companies with higher rates of H-1B workers increased product reallocation -- the ability for companies to create new products and replace outdated ones, which in turn, grows revenue," said Khanna. "This discourse could have far reaching implications for U.S. policy, the profitability of firms, the welfare of workers, and the potential for innovation in the economy as a whole."