Monday, June 29, 2026
41.2 C
New Delhi

‘Economy is like baking, H-1B is key ingredient’: Expert says US will have to import ‘cake’ or ‘use inferior recipe’

'Economy is like baking, H-1B is key ingredient': Expert says US will have to import 'cake' or 'use inferior recipe'

Economist Justin Wolfers said H-1B is a main ingredient required to bake economy cake in the US.

Australian economist Justin Wolfers, a professor of economics at the University of Michigan, came under MAGA fire as he has been speaking in support of the H-1B visa program that allows US companies to hire skilled workers from foreign countries. Appearing on MSNBC, Wolfers said studies have revealed that H-1B inflow actually increased the wages of American college grads and the native employment figures did not change because of H-1B hirings. “If H‑1Bs took jobs, you’d expect lower wages for U.S. grads. The best available studies show the opposite: 1990–2010 H‑1B inflows raised wages of American college grads by 4.2% and non‑college by ~2%, with native employment unchanged,” he said. The economist said that it is one way of thinking that if somebody is coming to the US, they are taking someone’s jobs. “But facts don’t bear that out,” he said, adding that all economic activities in the US are like a cake and H-1B is a key ingredient. If the US does not have a specific ingredient to bake the economy cake, they can ‘instacart’ STEM workers through the H-1B program. Without the ingredient, US will have to quit baking, make inferior quality products or buy a cake instead of baking it. Wolfers said all these options are not good for the US economy. Wolfers said more H1B means more patents, more productivity, as H-1Bs are not just workers; they cross the ocean bringing their fresh new ideas with them. As his cake analogy went viral, many social media users attacked him and said there’s no ingredient missing. “If the missing ingredient is underpaid indentured servants who steal American jobs sure,” one wrote. “H-1B is the opposite of high skilled STEM workers. Indians are lower intelligence overall, IQ studies have shown us this for a long time. Their education system is a scam they literally just pay for a diploma without schooling. You’re not prepared for these conversations,” another wrote. Howard University professor Ron Hira said Wolfers has been repeating false claims. “Core of debate is about deficient worker protections,” he said.

Go to Source

Hot this week

Freshwater browning explained: Why lakes are turning brown and fish populations are declining

Freshwater lakes across North America and Europe have been quietly changing colour for decades and not in a good way. Read More

7 lakes created by meteor impacts around the world: From Lake Manicouagan to Clearwater Lakes

pc: worldatlas Across the planet, lakes are usually associated with glaciers, rivers, volcanic activity, or shifting tectonic landscapes. A much smaller group owes its existence to something far less common. Read More

‘Reflection of enduring friendship’: PM Modi watches Indian contingents march at Seychelles’ 50th independence

PM Modi watches Indian contingents march at Seychelles’ 50th independence (X) SEYCHELLES: Prime Minister Narendra Modi stood up in a mark of respect as the Indian Army and Navy contingents marched during Seychelles’ 50th Read More

Skoda Kodiaq RS review – The RS of SUVs

Normally, I wouldn’t begin a Skoda Kodiaq review with a 0-100kph run. But this isn’t a regular Kodiaq. It’s got RS in its name, which means performance is every bit as important as practicality. Read More

‘Awarapan 2’ teaser: Emraan says, ‘Dard se purana rishta hai’

‘Awarapan 2’ teaser: Emraan Hashmi is back as Shivam Pandit; says, ‘Dard se purana rishta hai mera’ Emraan Hashmi is all set to be back as Shivam Pandit in the highly anticipated film ‘Awarapan 2’. Read More

Topics

Freshwater browning explained: Why lakes are turning brown and fish populations are declining

Freshwater lakes across North America and Europe have been quietly changing colour for decades and not in a good way. Read More

7 lakes created by meteor impacts around the world: From Lake Manicouagan to Clearwater Lakes

pc: worldatlas Across the planet, lakes are usually associated with glaciers, rivers, volcanic activity, or shifting tectonic landscapes. A much smaller group owes its existence to something far less common. Read More

‘Reflection of enduring friendship’: PM Modi watches Indian contingents march at Seychelles’ 50th independence

PM Modi watches Indian contingents march at Seychelles’ 50th independence (X) SEYCHELLES: Prime Minister Narendra Modi stood up in a mark of respect as the Indian Army and Navy contingents marched during Seychelles’ 50th Read More

Skoda Kodiaq RS review – The RS of SUVs

Normally, I wouldn’t begin a Skoda Kodiaq review with a 0-100kph run. But this isn’t a regular Kodiaq. It’s got RS in its name, which means performance is every bit as important as practicality. Read More

‘Awarapan 2’ teaser: Emraan says, ‘Dard se purana rishta hai’

‘Awarapan 2’ teaser: Emraan Hashmi is back as Shivam Pandit; says, ‘Dard se purana rishta hai mera’ Emraan Hashmi is all set to be back as Shivam Pandit in the highly anticipated film ‘Awarapan 2’. Read More

‘House of the Dragon Season 3 Episode 2’: Otto Hightower’s death

Otto Hightower’s brutal demise marks a twist in ‘House of the Dragon Season 3. Read More

‘HOTD’ S3: Fans react to Emma D’Arcy’s emotional performance

Warning: This article contains spoilers for ‘House of the Dragon’ Season 3, Episode 2.Emma D’Arcy is earning widespread acclaim for their powerful performance in ‘House of the Dragon’ Season 3, Episode 2. Read More

Dinjith Ayyathan marks 7 years of ‘Kakshi: Amminippilla’

Dinjith Ayyathan marks 7 years of ‘Kakshi: Amminippilla’; ‘Eko’ director says, ‘Everything feels like a sweet memory’ Director Dinjith Ayyathan has celebrated a memorable milestone in his filmmaki Read More

Related Articles