boutons_deux
06-23-2017, 11:34 AM
This column believes that the U.S. can return to its more robust traditional growth, but Mr. Trump is making this harder than it has to be.
But getting more people working is trickier, because the big baby boom generation continues to retire and businesses are having a difficult time (https://www.wsj.com/articles/small-business-owners-are-hiring-1493916932) pulling younger Americans who quit the labor force during the Obama years back into the job market.
One obvious solution to this problem is for the U.S. to allow into the country more people who are willing to work. This doesn’t mean Mr. Trump has to abandon the idea of thoroughly vetting people arriving from places with a history of terrorism. It means welcoming more people once we’ve decided they’re not much of a threat. And this is not just about filling jobs. It’s about importing lots of people who then create jobs for others, as well as innovations that we all enjoy.
Forty percent of Fortune 500 companies were founded by immigrants or the children of immigrants. Intel (http://quotes.wsj.com/INTC) founder Andy Grove was a refugee from communist Hungary.
Apple cofounder Steve Jobs is the son of Abdulfattah Jandali, an immigrant from Syria.
Today, the trend continues. A recent study (https://blogs.wsj.com/digits/2016/03/17/study-immigrants-founded-51-of-u-s-billion-dollar-startups/)of billion-dollar startups found more than half were founded by immigrants. Our next generation of great companies, too, will depend on immigrants — as will the American economy as a whole.
If the U.S. adds more people with ambition and talent into an economy with lower regulatory burdens and a corporate tax rate approaching Mr. Trump’s favored level of 15%, annual economic growth of 3% could end up looking more like a floor than a ceiling on America’s potential.
https://www.wsj.com/articles/the-contradictions-of-trumponomics-1495575954?nan_pid=1860573036
But getting more people working is trickier, because the big baby boom generation continues to retire and businesses are having a difficult time (https://www.wsj.com/articles/small-business-owners-are-hiring-1493916932) pulling younger Americans who quit the labor force during the Obama years back into the job market.
One obvious solution to this problem is for the U.S. to allow into the country more people who are willing to work. This doesn’t mean Mr. Trump has to abandon the idea of thoroughly vetting people arriving from places with a history of terrorism. It means welcoming more people once we’ve decided they’re not much of a threat. And this is not just about filling jobs. It’s about importing lots of people who then create jobs for others, as well as innovations that we all enjoy.
Forty percent of Fortune 500 companies were founded by immigrants or the children of immigrants. Intel (http://quotes.wsj.com/INTC) founder Andy Grove was a refugee from communist Hungary.
Apple cofounder Steve Jobs is the son of Abdulfattah Jandali, an immigrant from Syria.
Today, the trend continues. A recent study (https://blogs.wsj.com/digits/2016/03/17/study-immigrants-founded-51-of-u-s-billion-dollar-startups/)of billion-dollar startups found more than half were founded by immigrants. Our next generation of great companies, too, will depend on immigrants — as will the American economy as a whole.
If the U.S. adds more people with ambition and talent into an economy with lower regulatory burdens and a corporate tax rate approaching Mr. Trump’s favored level of 15%, annual economic growth of 3% could end up looking more like a floor than a ceiling on America’s potential.
https://www.wsj.com/articles/the-contradictions-of-trumponomics-1495575954?nan_pid=1860573036