October 24, 2012
Immigration has been key to America’s preeminence in science and technology, and yet we’re losing our competitive advantage. The loss of highly skilled immigrants is a serious threat to our global economic leadership — and the jobs that flow from it — and eliminating government obstacles in the way of that talent should be a top priority for bipartisan consensus on Capitol Hill once elections are over.
n a recent report titled “Not Coming to America: Why the U.S.
is Falling Behind in the Global Race for Talent,” the Partnership for a New American Economy and the Partnership for New York City wrote:
More than 40 percent of America’s Fortune 500 companies were founded by an immigrant or a child of an immigrant. In recent years, however, U.S. immigration laws have failed to keep pace with the country’s changing economic needs. Artificially low limits on the number of visas and serious bureaucratic obstacles prevent employers from hiring the people they need — and drive entrepreneurs to other countries, who are quick to welcome them.