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-[[Western Union]] and [[MGI|Money Gram]] will both benefit from any legislation that legitimizes current illegal aliens and expands the number of workers who can enter the company legally. Such legislation would not only increase their customer base but make it easier for these businesses to serve their existing costumers. Providers of international calling cards and banks such as [[Wells Fargo]].+[[Western Union]] and [[MGI|Money Gram]] will both benefit from any legislation that legitimizes current illegal aliens and expands the number of workers who can enter the company legally. Such legislation would not only increase their customer base but make it easier for these businesses to serve their existing costumers. Providers of international calling cards and banks such as [[Wells Fargo]] would also benefit.
Major agricultural companies would also benefit from favorable legislation. Currently over 50% of agricultural workers are immigrants. Major agricultural companies would also benefit from favorable legislation. Currently over 50% of agricultural workers are immigrants.
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Construction Companies such as [[Samsung Corp.]] depend on low cost immigrant labor to drive their construction projects. Construction Companies such as [[Samsung Corp.]] depend on low cost immigrant labor to drive their construction projects.
-[[Hilton Hotels]] and other companies within the hospitality industry such as [[Hot|Starwood Resorts and Hotelsand [[Marriott Hotels]] serve to benefit from favorable immigration legislation.+[[Hilton Hotels]] and other companies within the hospitality industry such as [[Hot|Starwood Resorts and Hotelsand [[Marriott Hotels]] employ large numbers of immigrants and would benefit from favorable legislation.
-[[Microsoft]], and [[Oracle]] require extremely large numbers of engineers in order to develop their products. Other companies that would benefit from favorable legislation include [[Sun Microsystems]]+[[Microsoft]], and [[Oracle]] require extremely large numbers of engineers in order to develop their products. Other companies that would benefit from favorable legislation include [[Sun Microsystems]].

Revision as of 11:00, June 4, 2007

The United States is the single largest economy and the world and arguably the most liberal. It is therefore not surprising that it has been through out its short history a primary destination for immigrants seeking economic opportunity. As of 2003 over 33.5M or 11.7% of the US population was foreign born. Ironically, in a country of immigrants, the large numbers of immigrants entering the country each year has led to intense political debates on how best to control immigration. Common opinion holds that immigrants represent valuable sources of both skilled and unskilled labor. Companies in the construction and hospitality industries are especially dependent upon unskilled workers. Any major legislation resulting in increased depuration of unskilled workers, or increased penalties for companies that hire them could lead to labor shortages and/or rising labor costs. Conversely, high tech companies are dependent on skilled workers such as engineers and computer programmers. As a group immigants respresent an extremely large customer base with very specific needs. Companies that provide services such as money transfer and calling cards, and targeted entertainment are the most impacted by changes in immigration legislation.

Immigration Bill

The United States Senate passed a bipartisan bill aimed at comprehensive immigration reform in May of 2007. This bill which still has to pass through the Senate proposes to change the main criteria for granting visas from one of family reunification to one that is more merit based. In other words immigrants who possess the skills that are in demand within the US will be given preference.

US Immigrant Population by profession
US Immigrant Population by profession

Effect on unskilled workers

Approximately, $12MM immigrants residing within the United States are undocumented (illegal). These immigrants accounted for approximately 5% of the total US work force in 2005. Illegal immigrants are mostly unskilled and are employed primarily in the areas of construction, food preparation, hospitality and farming. The new immigration bill proposes to create avenues for the majority of these unskilled workers (particularly those working in agriculture) to obtain citizenship. This would be in conjunction with an expanded guess worker program that would allow for between 400,000 and 600,000 guest workers to enter the country temporarily for work each year.

Effect on skilled labor

Under the HB-1 visa program immigrants who possess expertise in certain areas, computer programming, engineering etc., - can enter the country using special work visas good for 1-6 years. The current bill proposes to increase the limit for these visas from 65,000 to 115,000. The bill also gives preference to workers with advanced degrees or experience in preferred professions.

Companies benefiting from favorable immigration legislation

Western Union and Money Gram will both benefit from any legislation that legitimizes current illegal aliens and expands the number of workers who can enter the company legally. Such legislation would not only increase their customer base but make it easier for these businesses to serve their existing costumers. Providers of international calling cards and banks such as Wells Fargo would also benefit.

Major agricultural companies would also benefit from favorable legislation. Currently over 50% of agricultural workers are immigrants.

Construction Companies such as Samsung Corp. depend on low cost immigrant labor to drive their construction projects.

Hilton Hotels and other companies within the hospitality industry such as [[Hot|Starwood Resorts and Hotelsand Marriott Hotels employ large numbers of immigrants and would benefit from favorable legislation.

Microsoft, and Oracle require extremely large numbers of engineers in order to develop their products. Other companies that would benefit from favorable legislation include Sun Microsystems.

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