An immigrant workforce leads to innovation, according to new research

New federal restrictions on the temporary H-1B visa, which allows high-skilled foreign workers to be employed by U.S. companies, have increased debate on the economic impacts of the program, but little is known about its effect on product innovation—until now. New research from the University of California San Diego School of Global Policy and Strategy shows that hiring high-skilled workers from abroad may have a meaningful impact on the birth of new products and phasing out of older ones, with implications on both firm profIts and consumer welfare.

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