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Federal Reserve Bank of Richmond: 'The IT Boom and Other Unintended Consequences of Chasing the American Dream'
January 18, 2025
RICHMOND, Virginia, Jan. 18 (TNSres) -- The Federal Reserve Bank of Richmond issued the following white paper (No. 25-01) in January 2025 by Gaurav Khanna and Nicolas Morales entitled "The IT Boom and Other Unintended Consequences of Chasing the American Dream."

Here are excerpts:

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We study how US immigration policy and the Internet boom affected not just the US, but also led to a tech boom in India. Students and workers in India acquired com . . .

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