The Costs of Brain Waste among Highly Skilled Immigrants in New York State
New York State was home to 878,000 highly skilled immigrants with at least a bachelor's degree during the 2009-13 period. Of this group, 27 percent—or 234,000 people—were either working in low-skilled jobs or unemployed, as compared to the 25 percent rate nationwide. Low-skilled employment resulted in immigrant college graduates in New York forgoing approximately $5 billion in annual earnings. As a result, New York experienced $594 million in unrealized state and local tax revenue. Hispanic immigrants had the highest skill underutilization rates of all racial and ethnic groups in the state.
Ruiz Soto, A. G., Batalova, J., & Fix, M. (2016). The Costs of Brain Waste among Highly Skilled Immigrants in New York State. Migration Policy Institute, World Education Services, and New American Economy. Retrived from http://research.newamericaneconomy.org/wp-content/uploads/2016/12/BrainWaste-NewYork-FactSheet-FINAL.pdf