January 31, 2013
The U.S. could keep graduate students here to create new jobs, new companies and, in some cases, new industries, said John Feinblatt, chairman of the Partnership for a New American Economy.
“We’ve got to face the fact that other countries are rolling out the red carpet for workers and we’re not,” Feinblatt said. Laws limiting the number of skilled employees allowed to work in the U.S. hamper the ability of some companies to grow, particularly in technology, and the nation misses out on a considerable ripple effect in wealth, according to Mr. Feinblatt.
The Partnership for a New American Economy is a bipartisan group of mayors and business leaders from all sectors of the economy. The organization, whose members include Microsoft Corp. (MSFT) Chief Executive Steven Ballmer, Boeing Co. (BA) Chairman and CEO Jim McNerney and News Corp. (NWSA) Chairman and CEO Rupert Murdoch, has studied the issue together with the conservative American Enterprise Institute.