The Business Roundtable has found that the U.S. is Far Behind in the Race for Global Talent.
Based on a comprehensive examination of 10 advanced economies to identify and evaluate the best immigration policies to promote economic growth, the United States ranked 9th out of 10 competitor countries, ahead of only Japan, a country historically closed to outsiders.
This analysis found that America’s near-bottom ranking among major advanced economies is due to U.S. laws and regulations that impose unrealistic numerical limits and excessive bureaucratic rules on hiring workers that the country’s economy needs.
For example, while Germany has a high approval rate for skilled foreign workers, the US limits the number of H-1B visas so much so that they run out almost immediately. In fact, starting today, the United States Citizenship and Immigration Services agency starts assigning H-1B visas for the year. By next week, the full 65,000 cap will be reached. Demand far outpaces supply.
This morning in the Wall Street Journal, Gary Beech writes about the issue. He, like many people on both sides of the political spectrum, is advocating for the removal of the H-1B visa cap. Start learning more about the arguments for and against this action by reading his full article here: http://blogs.wsj.com/cio/2015/04/01/remove-the-h1b-visa-cap/
It's a bipartisan opinion: let skilled, hardworking employees and entrepreneurs build their businesses here in America.
(Click the Business Roundtable graphic to view the full size)