The Case for More Skilled Immigrants
By Arnold Kling
Nick Schulz makes it.
According to recent estimates, the stock of human capital is over $750 trillion.6 According to a research report from JP Morgan called “U.S. Recession and Repression Are Only in Our Minds,” this is much greater than the roughly $70 trillion of physical and financial assets owned by American households
Think of high-skilled immigrants as raising this stock of capital.