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Should We Have Markets for Immigration?

Faria Rahman

 

The debate between the advantages and disadvantages of immigrant workers and their effects on local workers' wages has been a long standing one. One way to eliminate this problem is to leave it to the market, which will solve it through the forces of demand and supply. So, should we have markets for immigration? Immigrant workers increase productivity, decrease costs to consumers, promote cultural interchange, increase corporate profits, establish close relationships between rich and poor nations, facilitate foreign direct investment and better the lives of workers from less fortunate economies. Given the potential they hold, the continuing small size of migrant worker programs (MWPs) observed in the world's industrialized economies requires some explanation.
In order to answer this question, one must examine the pros and cons of migrant worker programs.

 

The first section of the paper looks at the problems associated with 1) the tethering of migrants to employer-sponsors, creating a non-market system with a host of inefficiencies, as well as the potential for human rights violations; 2) the costs of bringing in migrant workers which have not been accurately incorporated into the fees paid by employers and entrants; and 3) the redistribution of native income away from workers and towards employers and. The second section looks at problems associated with the H-1B visa program. The third explores the fundamental restructuring of MWPs and some market-based solutions and finally, the last section draws on the problems stated in the other sections and concludes by supporting a market-based immigration system.

 

Consequences of direct sponsorship, costs and risks


When the host-country employer sponsors migrants seeking work abroad, they are closely tethered to their host country employer-sponsors and are therefore not free to search for alternative employment opportunities in the host country. This is against the gains derived from migrants' freedom to respond to wage signals and terms of employment, which is central to the economic argument in favor of transnational job search. Another problem with tethering arises when migrants are placed in employment situations where they can be vulnerable to exploitation by unscrupulous employers. Lastly, if migrant workers are not permitted to seek alternative work in the host country, their "company loyalty" creates preference for migrant workers over natives, as employers know they will not have to earn migrant worker loyalty with the expenditure of resources that would be needed for native workers (Weinstein, 2002). In this way, some migrants will out-compete natives solely due to direct migrant sponsorship.


Besides the problem of direct sponsorship, there are many other costs and risks involved. Migrants have very varied impacts on important aspects of society in their host countries, for instance, on national security, cultural diversity, local environmental issues, and the use of public services. Unfortunately, these indirect effects of migration are complex and few MWPs have set up revenue schedules, attempting to total the full extent of these impacts. The program does not generally provide the resources needed to lessen the negative effects of migration on the host country. This means resources are drawn away from other programs or there are insufficient resources to make the migrant presence a clear net benefit to the host country (Weinstein, 2002).
Another related problem is visa trading on black markets. When the working papers of a migrant are more valuable to a second employer than the employee is to the original sponsor, there is a temptation to sell the migrant's work authorization papers to a higher bidder (Weinstein, 2002). Such trading in documents is extremely hard to monitor as it necessarily occurs in an informal, unregulated environment

Do Migrant Workers Cause Wage Depression?


The issue with MWPs is that they have the ability to lower wages in the host economy, allowing employers to increase profits and decrease prices, specifically by lowering labor costs (Borjas, 1995). Economic theory presumes that increases in the supply of a commodity (labor) will lead to declines in its price (wage). The host nation's welfare will be increased if mean income, as opposed to median income, is used to gauge the national well-being. However, the concern is not the harmful impact on the labor-market, but the fact that there is an overall transfer of wealth away from workers to capitalists. If the social welfare function depends on both efficiency gains and the distributional impact of immigration, the benefits arising from migration surplus can be outweighed by the wealth distribution from workers to owners of capital (Borjas, 1995). Thus, the problem is the redistribution of income, not the fall in native wages.


However, wage depression does occur and it happens mainly due to "native flight" or ghettoization. When MWPs target occupations already failing to attract native workers, those occupations become even less attractive to native workers as their wage growth is depressed relative to non-targeted sectors. This means that wage depression is occupation specific and in targeted occupations wage depression can set up a positive feedback loop. As more migrants move to a particular field failing to attract native workers, wages fall increasingly short of competitive offerings, causing an acceleration of native flight towards non-targeted fields. The term used to describe this cycle, "native worker shortage," is ill-suited as the problem is self-inflicted by employers (Weinstein, 2002).

An Example: The H-1B Visa Program and IT Workers


The H-1B program expands the labor supply of Information Technology (IT) workers, but at the same time restricts the ability of H-1B holders to compete in an open market. Workers who hold H-1B visas are bound to a specific employer for the duration of their six-year visa - the tethering effect. As a result, employers can abuse the program by paying a salary often below the market value. This in turn affects the wages and job security of domestic IT workers, as employers can threaten to replace them with cheaper, temporary immigrant labor (Watts, 2001).


The controversy lies in the debate as to whether there really is a shortage of qualified IT workers, as the industry-executives claim. Their argument is that the IT industry accounts for nearly one-third of the growth of the US economy, and because IT has penetrated almost all sectors, a shortage of IT labor threatens the global competitiveness of the entire US economy. However, statistics show that 21 major IT companies laid off more than 120,000 workers in the first half of 1999 (Nguyen, 1999). At the same time, H-1B is not reserved solely for IT workers. The difficulties in defining who is an It worker and in determining the actual supply and demand for It workers have contributed to the politicization of the H-1 debate. The other problem is the decreasing number of high-tech degrees awarded between 1990 and 1996, of which a significant number went to foreign nationals studying in the US, who are subject to the H-1B visa cap (Watts, 2001). Thus, the big question is, should the visa cap be alleviated to cover up the shortage if there is a shortage, or is the shortage a result of IT companies trying to increase their profitability, which in turn tethers immigrant workers to their employers?


Longer-term labor shortages only exist if there is some artificial mechanism that prevents wages from rising to a marker-clearing wage. None of these mechanisms seems to be present in today's competitive labor markets (Espenshade, 2001). Rising wages or total compensation would be one sign of growing labor scarcity. But scientists' and engineers' annual salaries, measured aggregately in constant dollar, have been falling (Espenshade, et al. 2001).

Structural Reform & Market-Based Solutions


The problems faced by migrant workers are evident. Instead of addressing each problem individually, what we need is fundamental structural reforms of current MWPs. Failures are the result of inadequate marketization. By proposing a truly market-based model, it is possible to create an efficiently functioning MWP, while directly addressing the causes of the problems described above.


The basic idea is to move away from a system of sponsored work visas to one which openly embraces the "immigration surplus (Borjas, 1995) ." This will lead to a new kind of MWP based on a self-funding market system for the licensing of tradable work permits. Adopting a licensed tradable work permit (LTWP) will abolish arbitrary employer quotas. The total number of migrants set by the market does not exceed the hosting capacity of the country concerned. In such a self-funding system, employers are free to follow market signals in their quest to boost productivity and control wage pressures. This aligns the interests of workers and citizens with those of employers. Migrants benefit substantially, as the tradability of permits guarantees their right to flee abusive or unsatisfactory employment, and they receive equal wages for equal work (Weinstein, 2002).


There needs to be three essential reforms. Firstly, migrant workers need to be given freedom of movement within the admitting sector of the host labor market, by shifting employer outlays away from direct visa sponsorship towards a system of tradable work permits. Secondly, MWPs should be allowed to lower wage costs if productivity gains are to be achieved. They need to honor pre-existing social contracts and recognize native workers as the natural licensors of tradable work permits. Thirdly, the total number of migrants should be set by the ability of the MWP to recover the expected total impact according to the detailed requirements and preferences presented by the host government (Weinstein, 2002). A nation, which tends to view migrants as diluting its national identity, may attach high costs to importing even small number of migrants. Another nation may consider that the presence of moderate numbers of migrants brings great cultural benefit and may assign negative costs (i.e. benefits), to indicate the benefit of hosting migrants from different cultures (Weinstein, 2002).


So, how does one implement these reforms? The collection of possible solutions to the MWP question belongs to the class of Coasian models (Coase, 1960). A true Coasian solution would seek to determine the size of the program endogenously from supply and demand profiles of workers, employer and government. The government would assume all the administrative and transport costs for a group of migrants, calculate the additional external impacts of hosting them. The native workers would establish their licensing schedule for migrant work permits as a function of the number sought by employers. The employers would then indicate the maximum price they would be willing to pay for any number of permits. The government, workers and employers combine to form a central exchange to accommodate a secondary market in migrant work permits. The permits are traded at a price that fluctuates according to shifting supply and demand.


The Coasian solution may be unlikely to represent diverse groups of individuals equitably, as workers earn different wages, work different hours, have different preferences, etc. In such situations, the wage impact of any given MWP on native workers needs to be estimated in the sector affected. The government can simulate the government-worker-employer tripartite as if it were feasible to hold a Coasian negotiation between rational, self-interested actors through a control and command scheme.

Conclusion


Migrant workers are currently making a considerable contribution to world productivity; and this will only be enhanced if the resistance to migrant labor could be decreased at a systematic level. While there are concerns over native wage depression, security and sovereignty of host nations, without a fundamental shift in policies concerning migrant labor, the potential benefit of MWPs will probably be held hostage to continuing concerns for native workers. A reformation of the H-1B program is needed to create an open market for business and labor. The US Senate is considering legislation regarding raising the cap for IT workers, excepting foreign-born graduates to US universities from the H-1B visa cap and making H-1B portable and allowing visa holders to freely move between sponsoring employers. These kinds of reforms will help guarantee a more open market for migrant labor. There is a positive vision for creating a healthy market for immigration, where markets do what they are supposed to do by making migrant workers, employers and native workers better off than they were before.

 

Bibliography

 

Borjas, George J. (1995). "The Economic Benefits from Immigration." Journal of Economic Perspectives. Vol. 9, No. 2: 3-22.

Coase, Ronald H (1960). "The Problem of Social Cost." Journal of Law and Economics. Vol. 3: 1-44.

Espenshade, Thomas J. (2001). "High-End Immigrants and the Shortage of Skilled Labor." Population Research and Policy Review v20, n1-2 (April 2001): 135-141.

Espenshade, T. J. Usdansky, M. L. & Chung, C. Y. (2001). "Employment and Earnings of Foreign-Born Scientists and Engineers." Population Research and Policy Review. 20: 81-105.

Weinstein, Eric (2002). "Migration for the Benefit of All: Towards a New Paradigm for Economic Immigration." International Labour Review v141, n3 (2002): 225-252.

Watts, Julie R. (2001). "The H-1B visa: Free Market Solutions for Business and Labor." Population Research and Policy Review v20, n1-2 (April 2001): 143-156.