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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…” quote by Alan Greenspan
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“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.”

Alan Greenspan

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.

Key Takeaway

Consider immigration policy to balance labor markets.

Themes

economics immigration inequality labor markets policy

Mood

analytical optimistic

Type

policy economic

When to use this quote

  • government hiring
  • tech industry
  • academic research
  • small business growth

Key Concepts

human capital market equilibrium globalization

Questions to Reflect On

  • How would increased skilled immigration affect local wages?
  • What policies ensure fair integration?
A Different Perspective

May face political resistance and social integration challenges.

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