Tag Archives: innovation

Immigration restrictions said to cause recent declines in US technology, innovation, entrepreneurship

Brooks Pierce friend Vivek Wadhwa believes that US immigration restrictions are creating a reverse brain drain. He says skilled innovators come to the US for education, then get frustrated with US treatment of immigrants, and go home.

Vivek has tracked US restrictions on immigrants to the surge of start-ups in China and India — and he links that surge to recent declines in the US. So, he’s got the cure:

We need to make it easy for entrepreneurs
abroad to bring start-up firms to the United
States. One solution is to provide a ‘start-up
visa’ as a path to permanent residency. This
would perhaps be valid for five years, with
an upgrade to permanent residency dependent
on the firm’s employment of US workers.
The Kauffman Foundation in Kansas City,
Missouri has estimated that such a visa
would create 1.6 million jobs within 10 years
and boost the US economy by $224 billion
a year.

This sounds like a robust response to the challenges of globalism. Vivek says:

By becoming the best place in the world for entrepreneurs to study and work in, the United States could again be in the driving seat of technology innovation. Then we can share the resulting prosperity in a more equitable way to mitigate the anger of the electorate.

MidLaw is for that.

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