Immigration boosts innovation and wages in the US. The positive dynamic impact of immigration on innovation and wages dominates the short-run negative impact of increased labor supply. Increased immigration to the US since 1965 is estimated to have increased innovation and wages by 5%.

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My younger daughter, Nava, turned two last week. Among her favorite phrases are “No, Nava do it” and “what da HECK.” Her favorite music, by a wide margin, is Elton John. And her favorite gesture is a hearty, full-body nod. She deploys this repertoire with enormous humor, precision, and grace.

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