Global Competitiveness
The United States has long been the destination for the world’s most talented immigrants. Despite the last 50 years of technological advancement, American immigration policy has remained virtually unchanged, putting in danger America's global competitiveness. Yesterday's immigration policy no longer meets today’s economic needs. Only about 14 percent of all U.S. green cards are given for economic reasons, compared to more than 60 percent in Canada and Australia. With no dedicated visa for entrepreneurs and numerous barriers to residency in place for international students to stay after graduation, America's outdated immigration policy could allow other countries to out-compete us by attracting and keeping the best and brightest there and not here.
In Immigrants, Michigan’s Business Community Sees a Way to Grow the Economy, Says Entrepreneur
When Bing Goei and his parents came to western Michigan in 1960, they were among the first Indonesians to arrive in the region, and their arrival made the front page of the local newspaper. “It must have been a slow news day,” Goei laughs. These days, it’s hardly big news… Read More
How An Indian Immigrant Is Fundamentally Transforming Alabama’s Auto Industry
After close to four decades in the auto industry, including a position running global research for Mercedes-Benz in Germany, Indian immigrant Bharat Balasubramanian, moved to Alabama. Today, he is executive director of the Center for Advanced Vehicle Technologies at the University of Alabama, an inter-disciplinary research center dedicated to the… Read More
International Students Are U.S. Business’ Best Hope For Growth
This week, as anti-immigrant rhetoric continues to permeate the national debate, hundreds of thousands of international students will say goodbye to the United States to return, degrees in hand, to their home countries. Far from being a drain on the American economy or threat to U.S. jobs, these talented graduates—disproportionately… Read More
“When You’re Talking about Workforce Strategies, You Have to Talk About Immigrants”
Denise Reid understands how crucial immigrants are to growing a community’s workforce and economy. As executive director of Mosaic & Workforce at Tulsa Regional Chamber in Oklahoma’s 1st Congressional District Chamber, an organization with over 3,000 members and an MSA of roughly one million, it is her job to develop… Read More
Immigrant Entrepreneur Says Immigration Reform Will Keep U.S. Businesses Competitive
Fernando Gaxiola is a San Diego-based Mexican wine importer and travel entrepreneur working hard to change Americans’ cultural impressions of Mexico. Several times a month, his company Baja Wine + Food offers trips to the Valle de Guadalupe about an hour south of the California border to explore the region’s… Read More
Administrator at Public University Sees Firsthand the Limited Options Available to International Students After Graduation
Richard Porter spends his days with some of the brightest, most ambitious minds in the nation. As an administrator over International Student and Scholar Service offices at several large public universities over the past Porter works to help international scholars excel in their studies and, upon graduation, look for work. Read More
Immigration Reform Is Vital for Virginia’s Businesses, Says Founder & CEO of Challa Law Group
As owner and CEO of Challa Law Group, located in Virginia’s 7th congressional district, and special counsel on immigration matters to Virginia’s attorney general, Lakshmi Challa knows how vital immigration reform is to her local economy. “The seventh district has many companies with multinational workforces that help boost the economy… Read More
This Indian-Born Immigrant is Unshackling Opportunity
A few years after arriving in the United States in 2005 to work for a large multinational corporation, Indian-born entrepreneur Nitin Pachisia decided to start a company of his own in California’s Silicon Valley. U.S. immigration policy nearly got in the way of his efforts, presenting incremental challenges on top… Read More
Miami Businesswoman Wants Immigrants to Have Access to Same Opportunities She Had
Maria Fischer Millet says business is in her blood. Her father ran a PR agency for more than 25 years in his native Nicaragua before he moved to the United States. So it was only a matter of time before Millet would rise to prominence in the business world. “My… Read More
Southern Baptist Theological Seminary President: Christians Should be at “Forefront of Calling for Immigration Reform”
The Economist calls Dr. Albert Mohler “one of America’s most influential Evangelicals.” As chief executive officer and president of the Southern Baptist Theological Seminary (SBTS) in Louisville, Kentucky—the flagship school of the Southern Baptist Convention and one of the largest seminaries in the world—he oversees an… Read More
Impending Labor Challenges
The United States is facing demographic challenges that endanger its preeminent economic position in the world. An aging workforce threatens the vitality of the labor force. At the same time, the supply of U.S.-trained engineers is lagging behind nearly all other industrialized economies. At a time when tech-heavy and innovation driven industries are driving economic growth, the United States faces the prospect of being left behind.
Table 1: Share of Population Age 65+, 1996, 2006, 2016 and projected 2030
Table 2: Share of Undergrads Studying Engineering
Prioritizing Economic Needs
Many countries have identified the link between immigration and economic growth. For many, such moves are a matter of necessity–the domestic labor force is not sufficient for an expanding economy, and aging populations and declining fertility rates are creating labor shortages. Despite facing some of the same challenges, U.S. immigration policy has not changed to reflect our economy’s evolving needs.
Table 3: Percentage of All Permanent Residency Visas Given for Economic Reasons*
Need for a Start-Up Visa
Countries around the world, from France, to Chile, to Singapore have created visas aimed at attracting promising entrepreneurs and job creators. Despite concerns about meager job creation and business growth, however, the United States has not taken a similar step, endangering our position in the global race for talent. This situation was made worse in 2017 when the administration took the first steps to kill the International Entrepreneur Rule, a measure that would have allowed entrepreneurs with outside funding to remain in the country for 2.5 years to establish their businesses.
