How US Immigration Policy Is Holding Back The Tech Sector
For all of the lip service that gets paid to promoting innovation,
One of the most telling examples is our
This chart, which shows the proportion of foreign born
We should be doing everything we can to encourage people who have the capacity to create tech companies to stay. Instead, we make it difficult with things like per country visa caps and limited student visas.
The paper suggests a couple of solutions, namely that we give visas to foreign born students that get graduate degrees in science, technology, engineering, or math, pass the DREAM act so young people can stay in the country, and take steps to make it easier for
Right now, if you invest $1 million in a new startup and create 10 new jobs, you can get a green card. The authors argue that that's too high of a threshold, and that lowering it to $250,000 would create more opportunities.
Crisis management may have been the only policy we could manage during the recession, but we can and should be more ambitious now.
Find the paper here
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