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

Eric Weinstein's 1998 NBER paper, ''"[https://www.ineteconomics.org/uploads/papers/Weinstein-GUI_NSF_SG_Complete_INET.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 stakeholders—government, universities, and industry—manipulate 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.