Executive Pay: The Curious Case of Carlos Ghosn’s Arrest
February 12, 2025
The Italian economy is going through a rough financial period. Not too long ago, the budget of this European economy was being approved by the European Union. The EU has been helping Italy on the condition that it will keep public expenditure to a bare minimum. However, Italy has now decided to launch a very […]
Innovation is and has always been at the center of all human endeavors. People those who are able to perform more complex tasks with relatively fewer resources have often captured world markets and gained the maximum wealth. Every economic textbook acknowledges the value of innovation. It also explains how the printing press made scribes obsolete […]
The Debate over IPR In recent years, intellectual property rights (IPR) have become the topic of intense discussion and concerted efforts by businesses to defend them. The reason for this renewed interest and vigorous protection and defense of IPR is that the theft and piracy of items like software, books, games, and movies has reached […]
Inventory Migration is a mammoth project exercise involving internal teams as well as many external agencies. Detailed planning, process, simulation, and training are the basis to ensure successful inventory migration exercise. Project Teams would consist of teams from all functional departments namely finance, legal /compliance, inventory planners, IT, procurement, marketing, order fulfillment and logistics & […]
Agriculture is a prehistoric occupation. In fact, it is said that human beings only started building civilizations after they discovered agriculture. But agriculture has always been an inherently risky business. Thousands of years have passed between the discovery of agriculture and the modern society that we live in today. However, the modern farmers are exposed […]
The United States Senate has been polarized on the issue of dreamers. “Dreamers” is a nickname given to the children who entered the United States illegally with their parents or with other adults.
In some cases, these kids were smuggled into the United States. However, over 800,000 of these dreamers have now grown up to be adults. The problems that they face are peculiar. On one hand, the United States is the only home that they know of.
In many cases, the children cannot even speak the language of the country where they were first brought from. Hence, if they are deported back their native countries, these dreamers will be like aliens in those nations. This obviously seems to be unfair.
On the other hand, if they are allowed to stay and given citizenship, that might also lead to a lot of problems.
Firstly, this will encourage people to smuggle children into the United States. Once these children become adults, they can sponsor their parents to become American citizens too.
Once these immigrants become American citizens, they quickly become entitled to all the welfare payments that America offers its citizens. Hence, legalizing these “dreamers” will drain the American coffers.
In the recent past, there was a bipartisan debate on this issue. The Senate was so polarized that their inability to reach a consensus caused the shutdown of the United States government for a few hours.
The Democrats are of the view that Trump’s immigration plan is draconian in nature. They believe that the government would not have enough information on these dreamers if they hadn’t filled out a DACA form in the first place. The government had enticed these people into giving out information in return for citizenship and this information may now be used against them!
Attorney General Jeff Sessions has claimed that deporting these dreamers will be good for the American population. This is because he argues that these dreamers do take up some of the jobs meant for the average American person. However, that is not the case.
The dreamers are not like the average migrant worker from Mexico. They do not work low-end jobs at rock-bottom wages. Many of these dreamers are highly educated. As a result, the jobs that they work on are more like the high-end jobs that H1B visa workers tend to work on. Hence, eliminating these workers will not ease the job market for local Americans.
On the other hand, it is likely that America may be creating a social security problem for itself. America is already facing a generation of dwindling workforce. This means that there will be fewer contributors to the social security and Medicare system. At the same time, the number of recipients who are entitled to benefits from these schemes is increasing exponentially.
Hence, America is creating an economic time bomb for itself by not considering the fact that dreamers are also contributing large sums of money towards these schemes and will continue to do so for a few more decades.
America can learn its lesson from Japan. It is no coincidence that Japan has been facing sustained recessions and slowdown. The causes of their lackluster economic performance can be traced to their anti-immigration policies.
However, there are problems with deportation. Firstly, it would earn some very bad PR for the United States government. Secondly, the program will be hopelessly expensive. It would be a mammoth task to track down each and every one of those illegal immigrants and then send them across the border. This would require recruitment of a lot of government officers. Also, a lot of time and equipment will be required for this. It is for this reason that this action plan is both expensive as well as unpopular.
The United States government could grant them these rights minus the citizenship rights such as welfare. The best part about this policy is that the government does not need to do anything. It just needs to take a stand on the issue and document the remaining dreamers. Ideally, the dreamers should be more than happy with this deal. They get to keep their jobs and houses, and their next generation will be a full-fledged American citizen.
The United States will not be the first country to implement this laissez-faire policy. It has already been implemented by Switzerland which mandates that immigrants should be proficient in a Swiss language and they should have stayed in the country for 10 years.
Switzerland does not pay out any welfare benefits to these immigrants but continues to provide them an opportunity to work and survive.
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