Fewer Foreigners Coming To US Grad Schools: This Is A Problem

from the not-good-for-anyone dept

I still cannot understand the antagonism that many seem to feel towards skill foreigners getting jobs in the US. The job market is not a zero-sum game, and there are two important things to understand when it comes to these foreigners:

1. Studies have shown, repeatedly, that bringing in such skilled foreigners helps create new jobs by expanding the economy. In fact, 25% of all tech startups these days are done by foreign-born workers, and in Silicon Valley that number is over 50%.
2. The even bigger point: it's not as if these skilled workers suddenly disappear if they're not in the US. Instead, they remain in their home countries (or other countries) where they're still just as skilled and now more likely to be competing with US companies, who were hindered in hiring the best employees. Getting beat in the market by a foreign competitor isn't good for US jobs. It's terrible for US jobs.

And yet, thanks to the economy and our own immigration policies, guess what's happening? Not only is it incredibly difficult for skilled foreign workers to get jobs, many foreigners aren't even trying to go to US grad schools any more, knowing how difficult it is to get visas and jobs in the US. As many are noticing, this is undeniably bad for Silicon Valley and bad for innovation. Can someone please explain why it's somehow better to let those people compete with US companies, rather than work with US companies to grow them?

Filed Under: immigration, innovation, silicon valley, skilled labor