I will ask unanimous consent to have reprinted in the RECORD following my remarks a study done at my request for the use of Republican members of the Joint Economic Committee. on which I am proud to serve. by Profs. Richard Vedder and Lowell Gallaway of Ohio University. and Stephen Moore of the Alexis de Tocqueville Institution. . Two of the embedded fallacies about immigration is that foreign born workers come to our shores and take jobs away from native born Americans. This fear of umemployment is unfounded. Mr. President. This economic study proves that unemployment is not related in any way to increased immigration. Indeed the study shows the opposite effect. The other economic fallacy about immigration is that the ratio of labor to capital is adversely affected. because immigrants add their labor to our economic system. It is clear. however. from this economic study that the capital/labor ratio is improved. not retarded by immigration. Partly this positive effect is due to the greater savings rate of immigrants. but more importantly the kind of person who comes to America is an "opportunity seeker." and that is the kind of person who creates economic growth. Opportunity seekers stimulate capital formationthey are able to see more opportunities and they are able to stimulate others also. Mr. President. I am very pleased to have been ableto work with the Republican staff of the Joint Economic Committee to make this economic study possible. I believe it will have a positive impact on the current debate about increasing our immigration quotas. I ask unanimous consent that the material to which I referred be printed in the RECORD.
Identified stereotypes
Immigrants are opportunity seekers.