Immigration boosts innovation and wages in the US. The positive dynamic impact of immigration on innovation and wages dominates the short-run negative impact of increased labor supply. Increased immigration to the US since 1965 is estimated to have increased innovation and wages by 5%.

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Vivo didn't go into detail about the phone's specs, but you can likely expect a high-end processor, screen, battery and other internal components when it's fully unveiled later on. Vivo did say that like the X300 Pro, the X300 Ultra will have an impressive 200MP telephoto sensor, and is likely to offer features like 4K 120fps Dolby Vision HDR recording. Vivo's Daniel Goetz said it couldn't yet reveal the specs for its primary camera sensor — which will likely be deeply involved with the new device's push into video.