Today in The Hill.com, Mitt Romney voiced his support for reformed job training programs for Americans and stepping up efforts to increase the number of highly skilled foreign recruited into the United States. The Hill quotes Mr. Romney as saying, “I will raise visa caps for highly skilled foreign workers, offer permanent residence to foreign students graduating with advanced degrees in relevant fields, and restructure government retraining programs to empower individual workers and welcome private sector participation.”
So does Mitt Romney believe that American government should intervene in the labor markets? Why can’t labor markets adjust supply and demand concerns via price like any other market? This may be more of Mitt Romney “softening” his tone so that he can reach out to the middle.
If the private sector demands labor, let businesses incur the cost of hiring by going the BMW route and training workers. Why warp the labor markets by importing foreign workers?