How and Why Government, Universities, and Industry Create Domestic Labor Shortages of Scientists and High-Tech Workers (Content): Difference between revisions

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.

===1. Introduction===

* [[Migration For The Benefit of All: Towards a New Paradigm for Migrant Labor (Content)]]

[[Category:Economics]]

[[Category:Eric Weinstein Content]]