A
recent article in The Economist argues that our current visa system is in desperate
need of reform. Year after year, the government receives far more applications
for H1B visas than the 65,000 that are allotted to American business. As The
Economist notes, in 2007 the government exceeded the limit in one day and a year
later it only took two days. This year, the government is expected to exceed it’s
limit on April 5th, five days after the start of the new fiscal
year.
The
author argues that the cap on visas is potentially hurting the economy since
U.S. corporations are not able to fill jobs if their potential new employees
are denied visas. Although those who oppose raising the cap on visas claim
these foreign workers are stealing American jobs, Michael Clemens, who is an
economist and currently works at the Centre for Global Development, notes that
given the high cost and time consuming process of acquiring a visa, most
companies would prefer to hire a U.S. citizen but often cannot find one that
has the necessary job skills.
Thus,
the visa system must be reformed in order to accommodate U.S. businesses. Among
the possible proposals, raising the cap from 65,000 H1B visas to 195,000 could
help boost the economy. The government should also make reforms to the visa system
that enable college students graduating with degrees pertaining to the sciences,
engineering field, or mathematics to remain in the United States to work. And
lastly, similar to programs already introduced in Canada, the United States
should extend more visas to foreign entrepreneurs who have the necessary funds
to start a business here in America. Perhaps such a program could combat the
10% decline in new businesses started in Silicon Valley.
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