Greenspan Urges Expansion Of Visas For 'Specialty' Jobs

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Law360, New York (December 17, 2015, 10:40 PM ET) — If the U.S. wants to increase its hourly rate of productivity and bump up GDP growth beyond 2 percent, it should expand a visa program that allows foreigners in “specialty” occupations to work in the country, former Federal Reserve Chairman Alan Greenspan said on Thursday.

By expanding the nation’s H-1B visa program, which Greenspan believes is “much too small,” the U.S. would be able to add highly qualified workers who could boost the economy and help achieve a rise in output per hour, said Greenspan during…

Source: Law360