The United States brings the world's smartest minds to its shores, trains them and then throws them out.
The U.S. immigration service allows highly educated workers to enter the country for up to six years on a visa called the H-1B. If these workers want to stay longer and enjoy the same rights as American citizens, they need to obtain a permanent resident visa. The problem is that there are more than a million skilled workers and their families in the United States who are waiting for these permanent resident visas, but there are very few visas available and the backlog is rapidly increasing. [snip]
- In over 25 percent of the technology companies founded in the United States from 1995 to 2005, the chief executive or lead technologist was foreign-born.
- In 2005, these companies generated $52 billion in revenue and employed 450,000 workers.
- In some industries, such as semiconductors, the numbers were much higher -- immigrants founded 35 percent of start-ups.
- In Silicon Valley, the percentage of immigrant-founded start-ups had increased to 52 percent.
- The number of foreign-national inventors increased 337 percent over 8 years.
[another case of labor unions having paid off politicians to the detriment of the nation]
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