'Economy is like baking, H-1B is key ingredient': Expert says US will have to import 'cake' or 'use inferior recipe'

Australian economist Justin Wolfers, a professor of economics at the University of Michigan, came under MAGA fire as he has been speaking in support of the H-1B visa program that allows US companies to hire skilled workers from foreign countries. Appearing on MSNBC, Wolfers said studies have revealed that H-1B inflow actually increased the wages of American college grads and the native employment figures did not change because of H-1B hirings. "If H‑1Bs took jobs, you’d expect lower wages for U.S. grads. The best available studies show the opposite: 1990–2010 H‑1B inflows raised wages of American college grads by 4.2% and non‑college by ~2%, with native employment unchanged," he said. The economist said that it is one way of thinking that if somebody is coming to the US, they are taki