Attracting Global Talent to Ensure America Is First in Innovation
6 Pages Posted: 30 Oct 2020
Date Written: April 1, 2019
Politicians of all stripes are always looking for ways to grow the economy, strengthen the labor market, and increase the United States’ competitive advantage on the world stage. One way to achieve these aims is by allowing more temporary high-skilled foreign workers to fuel America’s growing service and technology sectors. Evidence shows that for every temporary foreign worker hired by a US firm, 5 to 7.5 new domestic jobs are created in that firm’s industry, and a 1 percent increase in foreign STEM workers leads to a 7 to 8 percent increase in native workers’ wages. Immigration reform for high-skilled foreign workers and talented foreign students would ensure that the United States continues to be the global leader for international talent, business growth, and entrepreneurial innovation.
Keywords: Immigration, Immigration Reform, Liberalization, Skills, Global Talent
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