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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On Thursday morning, I attended a Q&A panel with four top Samsung smartphone executives. Until 2025, Samsung was the world's largest smartphone manufacturer, and by association, the world's largest maker of cameras. It's still the second largest after Apple.

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