Zeke Hernandez
@profzeke.bsky.social
540 followers 84 following 170 posts
Wharton professor. Immigration. Global business. Economic growth. Author of THE TRUTH ABOUT IMMIGRATION (coming June 2024).
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profzeke.bsky.social
My take on how the H-1B fee affects jobs and innovation: time.com/charter/7321....

Thanks to Charter and Time for the opportunity to weigh in.
profzeke.bsky.social
And I’m honored to support such a sensible, no-brainer cause that’s only good for our country.
mclem.org
I am honored to join with 13 academic colleagues in this amicus brief, filed today at the US Supreme Court.

We advise the Court on the economic consequences of terminating the lawful protected status of roughly 600,000 Venezuelan nationals.

www.supremecourt.gov/DocketPDF/25... cc @piie.com
profzeke.bsky.social
Glad to see the US Chamber of Commerce speak up on the $100,000 H-1B tax.

I’ve been hoping the business community would speak up more forcefully on immigration issues. It’s a constituency that will be heard by the administration. This is a good start, but only a start.
Reposted by Zeke Hernandez
cfpharmd.bsky.social
The Truth About Immigration by Zeke Hernandez is essential reading for understanding the economics of immigration and the statistical truth. #Politics #Economics #NonFiction #Audiobooks #NetGalley #BookSky 💙📚
@profzeke.bsky.social @stmartinspress.bsky.social

www.goodreads.com/review/show/...
Book cover of The Truth About Immigration by Zeke Hernandez. The top of a chain linked fence breaking off into birds against a blue sky.
profzeke.bsky.social
The recent action by the administration to impose a massive, $100K per-head tax on skilled labor is a huge source of talent uncertainty. As this research shows, one thing you can expect is less investment by firms. This is bad for American workers, businesses, and economies.
profzeke.bsky.social
If confirmed as true, this would be the height of hypocrisy. The man who so vehemently claims to be on the right side of the law would actually be a crook.
profzeke.bsky.social
Really excited that the Immigration Policy Lab is doing this, and honored to be one of the presenters this season. We need all the evidence we can get our hands on when it comes to immigration, and this is a great way to disseminate it.
Reposted by Zeke Hernandez
mclem.org
What does mass deportation mean for the US economy when the native workforce is in sharp demographic decline?

I spoke at the Invest in America Summit by @thehill.com

Video at 2:04:03 & thereafter—>
www.youtube.com/live/h3Opi4w... cc @piie.com
profzeke.bsky.social
Put simply: tighter talent pipes → more acquisitions → knock-on effects for competition and industry structure.

We'd love to hear from any firms facing this issue, particularly how you've responded to skilled worker shortages. Any feedback on the study is also welcome.

www.nber.org/papers/w34248
Substituting Talent with Transactions: Acquisitions as Responses to Immigration Restrictions
Founded in 1920, the NBER is a private, non-profit, non-partisan organization dedicated to conducting economic research and to disseminating research findings among academics, public policy makers, an...
www.nber.org
profzeke.bsky.social
But our study shows that's not the case because there aren't enough native workers available to begin with. So firms resort to the expensive and risky option of M&A to make up for the very real shortage.
profzeke.bsky.social
The CBO projects sizable reductions in the foreign-born workforce under current plans. The lastest jobs report shows over 1 million missing immigrant workers from the US labor market since the start of 2025. Proponents of restrictionist policies argue that they force firms to hire native workers.
profzeke.bsky.social
This is extremely important in the current immigration environment. Policy signals matter for firm strategy. This year alone there many proposals out there to make it harder for firms to hire skilled workers through the H-1B and other visa programs.
profzeke.bsky.social
The effect is strongest for deals in which:
▪️ The M&A purpose is closely related to the skills of the foregone workers
▪️ The target is in a location with a high concentration of skilled workers
▪️ The target is small instead of very large
▪️ The target is domestic instead of foreign
profzeke.bsky.social
We study 3,800+ firms across two decades and find a clear pattern: when high-skill visas (H-1Bs in this study) get harder to secure, firms don’t just wait it out or easily find native workers. Instead, they respond by making more acquisitions to “buy” the skills or output they intended to hire for.
profzeke.bsky.social
*** NEW RESEARCH ALERT ***

How do firms respond in the face of increased restrictions to hiring skilled immigrant workers?

[THREAD]
profzeke.bsky.social
Department of Government Efficiency (in spending your taxpayer money)
bgrueskin.bsky.social
So....

1)The state of Florida spent >$200 million to build the facility it calls "Alligator Alcatraz"

2) It opened in early July, christened by Trump.

3) Now it is closing, due to a judge's order.

4) It will cost $20 million to dismantle the center, which was used for about 2 months.
profzeke.bsky.social
This article in the latest edition of the American Economic Review is purely theoretical, of course. No connection to reality… 🙄
profzeke.bsky.social
Cronyism at its finest.

When every company has to cut an individual deal with the government, you don’t have institutions anymore.

In an institutional system, the rules ensure everyone is treated the same according to fair principles. This is not the case anymore in America.
berkowitzbt.bsky.social
The White House is now scoring companies and trade associations on their loyalty to the administration's priorities, starting with support for the BBB.

Uber, DoorDash, Delta, United, AT&T, Cisco, and trade groups for steel and airlines among those topping the list.

www.axios.com/2025/08/15/w...
Scoop: White House hands down loyalty ratings for hundreds of companies
The unusual scorecard fits this administration's habit of micromanaging companies and administering loyalty tests.
www.axios.com
profzeke.bsky.social
If we knew the truth, we’d be excited and united about immigration.

Learn why in this TED conversation between Sonia Shah, Whitney Pennington Rodgers, and me.

We need immigration to remain innovative—biologically, economically, culturally, and in every possible way.

www.ted.com/talks/sonia_...
The missing piece in the story of migration
Headlines often reduce migration to crisis and controversy, leaving out the bigger picture that movement is a natural, even necessary part of who we are. As borders tighten and debates intensify, jour...
www.ted.com
profzeke.bsky.social
Really enjoyed the experience, Sonia! Thank you.
profzeke.bsky.social
Important work! Thank you for doing this research.
chloeneast.bsky.social
Who is Arrested by ICE under Trump 2.0? A 🧵

New from me & @elizabethacox.bsky.social!

Piece: immresearch.org/publications...

1. ICE arrests spike in Jan & May 2025; when arrests increase, percent of those arrested who are convicted of a crime falls

Majority arrested have no criminal conviction