A separate part of the bill would also allow up to 50,000 U.S.-educated foreigners with a Master's or Doctorate in a science-, technology-, or math-related field to remain in the US, according to CNET.
Although the bill was stalled in committee during the run-up to the recent elections, the Obama administration seems to back it, or at least it did about 11 months ago, according to this post. We'll see how far along it moves during Obama's second term. I, for one, have my fingers crossed that it passes.
Why? Well, because, besides the fact that the U.S. symbol of liberty--Lady Liberty--tells the world, "Give me your tired, your poor, your huddled masses yearning to breathe free," it makes sense for the U.S. to find a way to keep educated, talented entrepreneurs and investors stateside. Also, the bail-out of already well established companies has not proven to be a job-creation engine, as New York Times columnist Thomas Friedman points out. And, as the Kauffman Foundation found, companies less than five years old accounted for nearly all new job creation between 1980 and 2005 (Data here sourced from bill sponsor Sen. Moran's website.)
And, seriously, how many road-repair or transportation-related construction jobs feasibly can be created when budgets of many towns and states and the federal government are being sliced to the bare bones? Those strategies worked in the Great Depression, but times have changed. Solutions for some of the Great Recession's most pressing problems (such as unemployment or under-employment) need to be rooted in ways that make sense in 2012 and support a global, free market -- from which Americans will benefit. Perhaps supporting entrepreneurs is one way to do that.
This is too logical. Instead, we have to think in terms of what greases the skids of politicians. And we come up an administration that advertizes availablility of food stamps, via foreign embassies and consulates, as a way to attract immigrants.
It's more important to think in terms of what gets you the votes, evidently.
The problem with the ENTIRE visa program is the "bait and switch" aspect of the visas.
Corporate America, their sock-puppet political allies, and the corporate media propose one visa but then corporate America uses the visa in unadvertised and supposedly unintended ways.
For instance, the H-1B visa is advertised as a visa for "highly skilled" workers, when in fact the GAO has found that 94% of the recipients of H-1B visas are not even "Fully Competent."
In 2011, the GAO produced a report for Congress that concluded that a mere 6% of recipients of H-1B visas are "Fully Competent" with 54% of the recipients of the H-1B visa being "Entry Level" workers. As a matter of fact, many disenfranchised US STEM workers had to train their replacements.
Clearly, corporate America is training the recipients of these H-1B visas. Instead of training foreign workers, we should be training the 50% of recent college grads who have yet to receive full time employment. Instead of training foreign workers, we should be updating the skills of disenfranchised US STEM workers.
But what do we hear from the corporations, the political sock-puppets, the corporate media, and the organizations who are chartered to represent the interests of the US STEM worker (like the IEEE and the IEEE-USA)? We hear more anecdotes that support methods for accelerating the hiring of more cheap, entry level, third world workers, primarily from India and Communist China, that will displace and disenfranchise even more US STEM workers.
Here are my comments on the start up act -
Regarding the foreign-born software executive - his best action is to leave US, since he has to deal with so much scrutiny.
Join our online Radio Show on Friday 11th July starting at 2:00pm Eastern, when EETimes editor of all things fun and interesting, Max Maxfield, and embedded systems expert, Jack Ganssle, will debate as to just what is, and is not, and embedded system.