NBC Nightly News anchor Tom Brokaw visited Silicon Valley last month to meet immigrant entrepreneurs. At Microsoft’s Mountain View campus, he met with a dozen of them. More than half said that they might be forced to return to their home countries. That’s because they have the same visa issues that Kunal Bahl had. Unable to get a visa that would allow him to start a company after he graduated from Wharton in 2007, Kunal returned home to India. In February 2010, he started SnapDeal—India’s Groupon. Instead of creating hundreds of jobs in the U.S., Kunal ended up creating them in New Delhi.
A few months back Chile was giving entrepreneurs $40,000 in cash and office space for those interested in doing a start up there. People in this country should not be too surprised when talent gets up and moves away. My wife and I are taking Spanish classes at the moment and its not because we are interested in becoming tourists in Mexico. Their are plenty of places on the planet that are looking to kick-start their economies. The political climate in this country has become stupid when it comes to dealing with immigration. The government is doing everything in their power to keep the talent out and the low skilled labor in. This is ass-backwards.
SS109 wrote: But I could also imagine that some American citizen workers are jealous of foreigners taking high paying tech jobs from them.
I would also submit that the entrepreneurs are not the ones taking jobs but creating them. So the question becomes would you rather have high paying jobs created over here or overseas.
High paying jobs typically involve well trained and educated workers
we have few. The world will not accept a $150,000.00 a year low skilled worker........that day is loooonnnngggg gone.
