H-1B Visas Are Crucial to US Productivity: Allison Schrager

Sept. 23, 2025, 10:00 AM UTC

Getting a doctorate in economics — or any quantitative subject — is a humbling experience for an American at an American university. It hits you the first year, when you realize how inadequate your mathematics training is compared to that of your foreign-born classmates. I’ll never forget how demoralizing it was for me and my high-school algebra to sit down for an exam next to a national math champion from South Korea.

US doctoral programs in STEM fields are often dominated by foreigners. But it would be wrong to say they are stealing spots from Americans; US universities have ...

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