There’s a very significant finding that has come out of the research done by the University of California San Diego. It reveals that the US economy is facing an escalating challenge in the wake of its restrictive immigration policies.
The findings of the study are largely applicable to any country that has a high influx of migrants and enjoys the migrants’ contribution to the economy. Examples are Canada and Australia.
It’s widely observed by the experts that prohibitive attitude towards immigrants could create a scarcity in the skilled employment sector when the crisis situation ends. The scale of this scarcity could be very high if such a hostile policy is not given up in US immigration.
The importance of immigrants in the US can be seen from the fact that many highly skilled migrants have taken significant positions in top companies in the US. Examples are Google, Microsoft, and Tesla.
The number of skilled migrants who work in USA with numerous startups and smaller companies is also high. These people contribute heavily to the US economy.
In fact, experts observe that having migrant workers benefits even native workers as the development of businesses and enterprises creates further opportunities for everyone.
The fluctuations in H-1B visa issuance have been plaguing the prospects of migrants who could add to a potential workforce in the US.
In 1994, the number of migrant computer scientists in the US was 1 in 10. This increased to 1 in 4 by 2012 with an influx of skilled tech workers in the US via the H-1B visa route.
A delay in issuance of Green Card makes H-1B visa holders return with all the experience and expertise earned in the US and start enterprises in their home country.
This trend that is prevalent today due to the 6-year H-1B limit has taken much of production out of the USA. To tackle such a situation, the US should ideally extend the term of H-1B visa and make the Green Card process easier.
News is that the Trump administration is probably considering changes in immigration policy, including restricting or scrapping the Optional Practical Training (OPT) program. The OPT allows engineering and science graduates to work in the US for an extra 24 months.
The important message to be imbibed from the current situation is that if migrants are not offered a stable ground in the US, they will not invest their time, effort, or money in the country. This won’t be a healthy trend for the US in the future.
If you are looking to Study, Work, Visit, Invest or Migrate to USA, talk to Y-Axis, the World’s No.1 Immigration & Visa Company.
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