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November 21, 2005

Are We Losing the Global Race for Talent?

From today's WSJ:

America has seen the number of legal migrants, who tend to be more educated, fall by nearly a third over the past few years -- much more sharply than less educated illegal immigrants, according to the Pew Hispanic Research Center. Enrollment of foreign students in U.S. higher education declined for the first time since the 1950s. And when Congress failed to extend legislation that tripled the quota for highly skilled workers under the H-1B program, the number allowed in under this program has fallen as well. This ambivalence towards foreign talent risks depriving U.S. universities and businesses of the high-octane fuel that helps drive the American innovation machine.

snip

U.S. firms will increasingly have to compete against other industrial nations to attract skilled migrants. American success in attracting global talent is being emulated by other countries. Canada, Australia and the U.K. have all reformed immigration policy to better target and increase their share of skilled immigrants. Security concerns are valid; but the U.S. has made progress in reducing security-screening-related backlogs.

LINK to article
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Posted by Becky at November 21, 2005 9:06 AM Posted to UIUC B-School News