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Edit - I read to the bottom of the article and see they tried to bring something like that in with the "EB-JOBS Act of 2015" which didn't get through the political system.
The article is advocating for increasing H1-B caps. I wonder what does H1-B (a non-immigrant visa, which does not allow running your own business) has to do with immigrants founding billion dollar startups other than them using it to acquire cheap labor?
Why does the U.S. need to depend on the ~80.000 odd first order immigrants per year to generate that amount of wealth. Couldn't the U.S. somehow draw those ambitious out of its current population?
What if people could 'emigrate' from Detroit to California? They'd basically be refugees from a low-opportunity environment as well.
Or is it not the fact that they came from a low-opportunity environment, but rather that they came like Bill Gates from the tender love and care of rich/succesful parents, and being born abroad was just a small hurdle?
These are not the downtrodden masses. Immigrant does not mean poor. These are wealthy upper class people coming to the most logical place to create a successful technology company, because they can afford to do so. Poor people are usually stuck wherever they are. Investors in Silicon Valley care a lot about status and pedigree. A foreigner that can afford elite credentials is far more likely to get funding than a poo…
Are you sure H1B visas are relevant here? I would imagine EB-5 (investment) visas would be the more common route for upper class immigrant entrepreneurs coming to the US.
These are not the downtrodden masses. Immigrant does not mean poor. These are wealthy upper class people coming to the most logical place to create a successful technology company, because they can afford to do so. Poor people are usually stuck wherever they are. Investors in Silicon Valley care a lot about status and pedigree. A foreigner that can afford elite credentials is far more likely to get funding than a poo…
Are you sure H1B visas are relevant here? I would imagine EB-5 (investment) visas would be the more common route for upper class immigrant entrepreneurs coming to the US.
I know this is a very common path.
Regarding the class thing: my grandparents were blue collar workers who never went to high school, my parents were engineers.
These are not the downtrodden masses. Immigrant does not mean poor. These are wealthy upper class people coming to the most logical place to create a successful technology company, because they can afford to do so. Poor people are usually stuck wherever they are. Investors in Silicon Valley care a lot about status and pedigree. A foreigner that can afford elite credentials is far more likely to get funding than a poo…
Are you sure H1B visas are relevant here? I would imagine EB-5 (investment) visas would be the more common route for upper class immigrant entrepreneurs coming to the US.
Professor Norm Matloff presents a detailed critique of the H-1B visa : http://heather.cs.ucdavis.edu/h1b.html ... "The H-1B work visa is fundamentally about cheap, de facto indentured labor."
I'm not sure how lean, garage startups feel about Venture Capital's special access to guest workers for their competing "Billion Dollar Startups". I would guess that their views are little more nuanced than the Wall Street Journal's take on it.
The biggest H1-B employers , are in fact, outsourcing firms : http://www.businessweek.com/table/08/0305_h1b.htm . Their frequent editorials often fail to mention this.
They could do with a startup founder visa really. Maybe allow people to hang out and launch companies for a year or 2 and allow conversion to a long term visa if they employ a few Americans. Bit like a relaxed version of the E2 visa. Edit - I read to the bottom of the article and see they tried to bring something like that in with the "EB-JOBS Act of 2015" which didn't get through the political system.
The article is advocating for increasing H1-B caps. I wonder what does H1-B (a non-immigrant visa, which does not allow running your own business) has to do with immigrants founding billion dollar startups other than them using it to acquire cheap labor?
Because many of them came to the US to study because of being able to work here through the OPT/H1/GreenCard/citizen route. Same with many top professors, researchers and tech execs like Nadella, Gundotra, Pichai etc.And many people on this list too like the inventor of USB etc. https://en.m.wikipedia.org/wiki/List_of_Indian_Americans
According to the study, Mr. Bansal couldn’t leave his job to start a new company because it was unclear if he’d be able to keep his H-1B status. For 7 years. What a lock-in. And during that time, your employer can probably abuse you and freeze your salary, knowing exactly that your stay depends on that visa and you have a hard time leaving. Another point on immigrants. The US does it right: It causes brain-drain in o…
They could do with a startup founder visa really. Maybe allow people to hang out and launch companies for a year or 2 and allow conversion to a long term visa if they employ a few Americans. Bit like a relaxed version of the E2 visa. Edit - I read to the bottom of the article and see they tried to bring something like that in with the "EB-JOBS Act of 2015" which didn't get through the political system.
This already exists in the EB-5 visa[0] assuming you start with .5 million funding. You get to stay forever too. [0] https://en.m.wikipedia.org/wiki/EB-5_visa