Protecting American Innovation
The U.S. depends on immigration to stay competitive—in today’s knowledge economy, talent is our best competitive advantage. Congress continues to debate reforms to our immigration policy that would place onerous and unworkable restrictions on U.S. companies and their ability to hire a highly-skilled global work force vital to their day-to-day operations. The Senate proposal passed in 2013 would also add layers of red tape and additional fees to current visa programs, making it doubly difficult for firms to hire the talent they need.
In the near term, these provisions would force companies to adapt by passing the related increased costs off on customers and consumers—a lose-lose scenario. Over the long term, these new requirements will encourage American companies to outsource the impacted jobs overseas.
- Immigration in America & The Growing Shortage of High-Skilled Workers, Kleiner, Perkins, Caufield & Byers (May 2013)
- The “New American” Fortune 500, The Partnership for a New American Economy (June 2011)
- American Made: The Impact of Immigrant Entrepreneurs and Professionals on U.S. Competitiveness, National Venture Capital Association (November 2006)