Why Does Congress Want Smart, Highly Educated Workers To Stay Out Of The US?
from the just-wondering dept
The reality is quite different. Competition is what drives innovation and progress. By having competitors, it pushes companies to continually improve their offerings and serve the market with better and cheaper products. That's a good thing. Protecting an industry is a recipe for killing it, as it simply allows foreign competitors to run circles around the domestic players, killing off the international market and making Americans worse off. Second, having smart, well-educated foreign workers working for US companies, rather than for foreign competition clearly helps the American economy by keeping those companies strong and innovating, rather than getting crushed by foreign competition. Finally, if those American companies can do better and create new desired products, they can create more jobs. Jobs are not a zero-sum game.
Unfortunately, these biases are strong and difficult to fight. Politicians driven by polls too often succumb to them. The latest news is that Congress is against letting in more H1-B workers, guaranteeing that those workers will instead go to work for foreign companies -- working against American companies. It's difficult to see how anyone can favor that, but that's the way it is unfortunately. It is true that the H1-B program has been abused by some companies. But the answer isn't to punish the H1-B program, but to punish the abusers.