Average Quote by Alan Greenspan
“We ought to be opening up our borders to skilled labour from all parts of the world because [the state of the world is as follows: ] if we were to do that we would increase the supply of skilled workers that our schools have been unable to create and as a consequence of that we would lower the average wage of skills and reduce the degree of income inequality in this country.”
About This Quote
Opening borders for skilled labor can boost supply, lower wages for high‑skill jobs, and reduce income inequality.
In simple terms: Allow skilled immigrants to lower wage gaps and inequality.
Consider immigration policy to balance labor markets.
Themes
Mood
Type
When to use this quote
- government hiring
- tech industry
- academic research
- small business growth
Key Concepts
Questions to Reflect On
- How would increased skilled immigration affect local wages?
- What policies ensure fair integration?
May face political resistance and social integration challenges.