Unless you can fill the key technology jobs, you will not create any other jobs at all, and your country will forgo the cycle of new products, skills, and businesses that sustain a world-leading standard of living. Discussing the impact of immigration, economists and their followers are beady-eyed gnatcatchers, expert on the movements of cabbage pickers and au pair girls and the possible impact of Cubans on Miami wage levels. But like hunters in a cartoon, they ignore the tyrannosaurus rex crouching behind them. Thus sophisticated analysts, such as George Borjas of the University of California, San Diego, and artful writers, such as Peter Brimelow, conclude that the impact of immigration on the U.S. economy is slight or negligible. The underplaying of immigration as an economic force stems from a basic flaw in macroeconomic analysis.
Economists fail to account for the indispensable qualitative effects of genius.
Almost by definition, genius is the ability to generate unique products and concepts and bring them to fruition. Geniuses are literally thousands of times more productive than the rest of us. We all depend on them for our livelihoods and opportunities. The feats of genius are necessarily difficult to identify or predict, except in retrospect. A third of all American Nobel Prize winners, for example, were born overseas.