A new study confirms what many have already anticipated, that is, skilled immigrant workers are of great help for the American economy. According to Professor Matthew Slaughter, dean of Dartmouth’s Tuck School of Business and a former member of the Council of Economic Advisers under President Bush administration, high-skilled foreigners help create new jobs and companies.
Each year, 65,000 skilled immigrants are allowed into the U.S. through the H-1B visa program, but Professor Slaughter believes that the number should be considerably higher. On the one hand, domestic companies are in constant need to fill vacancies. On the other hand, the external demand, coming from skilled workers around the world, is far from the government limit. Therefore, the study indicates, by removing the current application limit a win-win situation would be created.
There are many other reports to back up this data. For instance, a study from the National Foundation for American Policy found that half of the successful start-ups in the U.S. have been founded by immigrants, many of whom were H-1B visa holders.
The U.S. Citizenship and Immigration Services estimates that roughly 233,000 H-1B visa applications will be submitted for 2016 fiscal year.
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