Why are we capping the entry of professionals and entrepreneurs who create jobs by developing technology and building businesses that enlarge the overall economy?
It hasn’t always been this way. Before 1990 there was no lottery. If you were of distinguished merit or a professional you could get an H-1 visa without a cap in numbers or a particular salary requirement.
Companies constantly complain about the inability to attract foreign talent to fill “C” level positions. Despite the launch of StartUp America in 2011 by President Obama, entrepreneurs have a very difficult time finding an appropriate visa to develop their ideas. Startup America is a White House initiative that was launched to celebrate, inspire, and accelerate high-growth entrepreneurship throughout the nation:
“Entrepreneurs embody the promise of America: the idea that if you have a good idea and are willing to work hard and see it through, you can succeed in this country. And in fulfilling this promise, entrepreneurs also play a critical role in expanding our economy and creating jobs.”
—PRESIDENT BARACK OBAMA, JANUARY 31, 2011
But here we are today with a story from Bloomberg discussing how the co-founder of Instagram seriously considered packing up and going home in 2010 because he could not get a work visa. He finally received an H-1B visa but it took longer to get the visa than it did to develop Instagram!
We must go beyond words and implement new laws and policies that will move our economy forward and create jobs for Americans, and foreign talent often is needed to do that.