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How and Why Government, Universities, and Industry Create Domestic Labor Shortages of Scientists and High-Tech Workers (Content): Difference between revisions
How and Why Government, Universities, and Industry Create Domestic Labor Shortages of Scientists and High-Tech Workers (Content) (edit)
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[[File:Eric-Weinstein-How-and-Why-Government-Universities-and-Industry-Create-Domestic-Labor-Shortages-of-Scientists-and-High-Tech-Workers.png|thumb]] | [[File:Eric-Weinstein-How-and-Why-Government-Universities-and-Industry-Create-Domestic-Labor-Shortages-of-Scientists-and-High-Tech-Workers.png|thumb]] | ||
Eric Weinstein's 1998 NBER paper, ''"[https:// | Eric Weinstein's 1998 NBER paper, ''"[https://users.nber.org/~sewp/references/archive/weinsteinhowandwhygovernment.pdf How and Why Government, Universities, and Industry Create Domestic Labor Shortages of Scientists and High-Tech Workers],"'' argues that the perceived labor shortages in the U.S. science and engineering fields are deliberately manufactured. He explains that key stakeholdersâgovernment, universities, and industryâmanipulate the labor market by artificially suppressing wages through policies that encourage the influx of foreign labor, particularly via immigration programs like H1-B visas. This oversupply of foreign talent, combined with stagnant wages, discourages domestic students from pursuing advanced technical training, ultimately leading to a reduced pool of homegrown scientists and engineers. | ||
Weinstein focuses on the role of the National Science Foundation (NSF), which, during the 1980s and 1990s, projected severe shortages of scientists and engineers. These projections, based on flawed supply-side economics, ignored the natural corrective mechanisms of the labor market, such as rising wages that would attract more domestic workers. The paper highlights how these shortage claims were used to pass the Immigration Act of 1990, which significantly increased the number of visas for skilled workers, worsening the job prospects for domestic PhDs. In conclusion, Weinstein argues that the interests of domestic knowledge workers are overlooked, as policies favoring wage suppression and market manipulation benefit employers at the expense of long-term innovation and economic stability. | Weinstein focuses on the role of the National Science Foundation (NSF), which, during the 1980s and 1990s, projected severe shortages of scientists and engineers. These projections, based on flawed supply-side economics, ignored the natural corrective mechanisms of the labor market, such as rising wages that would attract more domestic workers. The paper highlights how these shortage claims were used to pass the Immigration Act of 1990, which significantly increased the number of visas for skilled workers, worsening the job prospects for domestic PhDs. In conclusion, Weinstein argues that the interests of domestic knowledge workers are overlooked, as policies favoring wage suppression and market manipulation benefit employers at the expense of long-term innovation and economic stability. | ||
==Summary | ==Summary by Section== | ||
===1. Introduction=== | ===1. Introduction=== | ||
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* [[Immigration]] | * [[Immigration]] | ||
* [[Migration For The Benefit of All: Towards a New Paradigm for Migrant Labor (Content)]] | * [[Migration For The Benefit of All: Towards a New Paradigm for Migrant Labor (Content)]] | ||
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[[Category:Economics]] | |||
[[Category:Eric Weinstein Content]] | |||
[[Category:Immigration]] | |||