Introduction to the Issue • US reaching record highs of foreign students year after year. • Half of the STEM graduates in the US are foreign students. • Only a fraction of these STEM students are granted a temporary skilled-worker visa (H-1B).
Why is this Important? • Foreign STEM graduates contributed 10 to 20 percent of GDP growth between 1990 – 2010. • Boosted the size of the American economy by $615 billion in 2010 alone. • Other research from the National Foundation for American Policy shows that the hiring of each H-1B worker actually creates 7.5 jobs in small to mid-sized technology companies.
Obstacles to Growth • Protectionist Policies • Shortage of H-1B visas • Gridlocked political environment
Sensible Reform for Success • Two Steps: • Increase the cap of H-1B visas from 65,000 to 80,000. • Simplify the regulations surrounding the H-1B application.