Why Is The US So Hostile To Foreign Entrepreneurs Who Want To Build Businesses Here?
from the let-them-in dept
But the US keeps pushing such people away.
The article includes an example -- one of hundreds we've seen -- of entrepreneurs trying to setup a new company and create jobs in the US... only to be forced to do the same thing in another country (in this case, Canada). We're actively pushing away the job creators at a time when our economy needs jobs.
And, of course, while sometimes these individuals go to these other welcoming countries, some also just head back home. As the article notes, China has actually become pretty aggressive in offering some highly skilled workers who come back from trying to work in the US "not only free homes but also cash to buy furniture."
Honestly, it's pretty clear from the Economist piece that whoever wrote it is incredulous that the US would have such policies in place when they clearly harm its own interests. And, of course, the truly amazing thing is that over the years, the various efforts to fix these problems and welcome in skilled immigrants who create jobs always seem to get shot down. As we recently mentioned, the Startup Act 2.0 has been introduced, and even though it offers some pretty simple ways to let in a few more job creators, it's not clear that there's enough momentum to push it through (though, you can help change that by telling your elected officials to pass the bill). There are many different forms of protectionism -- and almost none of them are helpful. But it's perhaps worst of all when you're protecting yourself from job creators.