Vivek Wadhwa’s column on the Washington Post site is titled America’s Irrational Immigration Fear. He goes into the background about visas for entrepreneurs and technology innovators, and some of the problems involved. It’s good background information, based on a July 18 report from the Brookings Institution. Here’s a summary of the findings:
Report authors, Neil Ruiz, Jill Wilson, and Shyamali Choudhury, concluded that the government could be stifling innovation by limiting H-1B visas and not taking into account local demand for highly-skilled workers. Demand for these visas has far exceeded supply nearly every year for the last decade. Additionally, the government has been indirectly taxing U.S. R&D and innovation by imposing hefty visa fees, which range from $1,575 to $4,325 depending on employer size — plus $1,225 for expedited (read: timely) processing, according to the report.
The short video here (Vivek in the middle) talks specifically about the H1-B visa, but the high point is Vivek suggesting we should have a “startup visa” that allows entrepreneurs to come into the country. I second that motion.
(In case you don’t see the video, click here for the source)