Alan Greenspan Quotes:
Ocupation: Economist
Life: b. March 6, 1926
Birthday: March 6
Skilled shortages in America exist because we are shielding our skilled labor force from world competition. [Visa quotas] have been substituted for the wage pricing mechanism. In the process we have created [a] privileged elite whose incomes are being supported at non-competitively high levels by immigration quotas on skilled professionals. Eliminating such restrictions would reduce at least some of the income inequality.
topic: America, Labor Force, Competition, Income Inequality, Pricing
