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In the keynote speech at the recent conference sponsored by the 4% Growth Project and the Federal Reserve Bank of Dallas, James K. Glassman reminded us that immigration policy is, in the end, about people. For all the talk of visas and borders, GDP and green cards, the contribution that immigrants make to America relates to human capital, with the emphasis on the word "human." Glassman, the founding executive director of the George W. Bush Institute, told his audience that, "like many of you – probably most of you," he was a child of immigrants, "practically fresh off the boat." His paternal grandfather, Herbert Glassman (pictured above), came from Russia to escape the pogroms:
He just devoured America. Loved it. Took it for all it was worth. He joined the cavalry at 15, lying about his age and was sent south to fight Pancho Villa with Pershing, fought in World War I, joined the Washington, D.C., police force, and then became a serial entrepreneur, owning hotels, taxicabs, and a company that made little green chewable mints. He was a rough guy, and his businesses had ups and downs. What would have happened if he had stayed in Russia? We don’t get the chance to live two lives, but I suspect nothing much good. He was an American because he chose America.
"The human capital of a nation is the store of knowledge, skills, and experience its population has acquired," Glassman continued. "This is an asset as important as oil under the ground." The full transcript of Glassman's speech can be found here.
Robert Asahina has been a newspaper and magazine editor and writer, a book publishing executive and editor, and a data management consultant. He was editor in chief and deputy publisher of Broadway Books, president and publisher of the adult publishing group of Golden Books, and vice president and senior editor of Simon and Schuster; deputy managing editor of The New York Sun and an editor at The New York Times Book Review, Harper's, George, and The Public Interest; and a consultant at Freddie Mac. He is the author of "Just Americans" and of numerous articles and reviews for The Wall Street Journal, Harper's, The New York Times Book Review, and elsewhere.
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Deporting Salvadorans May Lead to Economic Decline
We should think carefully about a policy whose major impacts are likely to be reductions in employment and economic activity here at home, and increased instability and lawlessness along our borders.
Bush Institute's Laura Collins Talks Immigration on Good Morning Texas
Last week, Deputy Director of Economic Growth at the George. W. Bush Institute Laura Collins spoke with Good Morning Texas about immigration myths. During the interview, Collins had the opportunity to set the record straight and address common misconceptions about legal immigrants living in America today. The segment was inspired from facts released earlier this fall by the Bush Institute in the third edition of America's Advantage: A Handbook on Immigration and Economic Growth. Watch the full Good Morning Texas interview here.