Want to Create Jobs, Let Them In!
“Don, I’d really like to hire this guy, but he needs his H1B and it will be pain in the neck, take too long and be expensive to get it all together in time for this project.”
That was a statement from my CIO, Dan Raju, about a developer he interviewed. I thought to myself, why is it so difficult to hire someone we want? I’ve written about this before but after seeing this article on Bloomberg.com, I had to bring it up again. Is it me or is it completely insane that we have some of the world’s best and brightest come here to the U.S. to study, but then we kick them out after they graduate? Why wouldn’t we want to keep that talent here in our workforce? Aren’t these likely good earners and taxpayers who would contribute to innovation in our economy? Don’t we need more taxpayers – a LOT more, to keep Social Security’s currently inverted pyramid from toppling over?
Now, there are some who think that jobs are scarce enough, why let more people in to compete for those jobs? The editors stated that a “survey by the McKinsey Global Institute found almost two-thirds of companies say they have ‘positions for which they often cannot find qualified applicants’, with management, scientists and computer engineers topping the list.” A Kauffman Foundation report found that in 2011 immigrants were more than twice as likely to start businesses as native-born Americans. A Duke University study found that immigrants helped start more than a quarter of the technology and engineering companies established in the U.S. from 1995 to 2005.” We have thousands and thousands of people who want to come to America to start businesses that can hire people here! The same urge to start fresh in a country with a level playing field – the urge that brought my great-grandparents here at the start of the 20th century, is alive around the world today. Should all these entrepreneurs-to-be move to Canada instead?
Immigration is always a wedge issue with our politicians. They spend too much time arguing over illegal immigrants for political points when they can actually be doing something to bring in some of the best and brightest to the US. The column also alerted me to legislation that I hadn’t even heard of: The Startup Act 2.0. “The Startup Act 2.0 would create a new visa for immigrants who graduate from U.S. universities with a master’s degree or doctorate in science, technology, engineering or math fields. It would also create an entrepreneur’s visa to enable immigrants with capital to start businesses and create jobs in the U.S.” This is definitely something that I think could help turn things around in our economy and our standing in the world. Let’s hope congress doesn’t fumble this opportunity.
TradeKing Bigdog, Chairman and CEO
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