Fewer Foreigners Coming To US Grad Schools: This Is A Problem
from the not-good-for-anyone dept
I still cannot understand the antagonism that many seem to feel towards skill foreigners getting jobs in the US. The job market is not a zero-sum game, and there are two important things to understand when it comes to these foreigners:
- Studies have shown, repeatedly, that bringing in such skilled foreigners helps create new jobs by expanding the economy. In fact, 25% of all tech startups these days are done by foreign-born workers, and in Silicon Valley that number is over 50%.
- The even bigger point: it's not as if these skilled workers suddenly disappear if they're not in the US. Instead, they remain in their home countries (or other countries) where they're still just as skilled and now more likely to be competing with US companies, who were hindered in hiring the best employees. Getting beat in the market by a foreign competitor isn't good for US jobs. It's terrible for US jobs.