Saving jobs for citizens may not save the economy

As the global economic crunch continues, governments are limiting immigration and foreign work visas to try to keep jobs available for citizens instead of immigrants. This week Australia announced it was limiting immigration limits by 14 percent. Here in the U.S., a provision in the economic stimulus package limits the hiring of foreign workers by any company receiving government bailout money, including all those big banks. It sounds like common sense to protect citizen’s jobs, but Vivek Wadhwa, Duke adjunct professor and a researcher at Harvard Law School’s Labor and Worklife Program, joins The Takeaway to tell us why he thinks it will hurt the economy in the long term.