America’s position as the global magnet for the world’s most talented and hardest-working is in jeopardy.
A R E PORT BY THE PARTNE R SHI P FOR A NEW AME R I CAN E CONOMY & THE PARTNE R SHI P FOR NEW YOR K C I TY
MAY 2 0 1 2
For the past two centuries, immigrants coming to America in search of a better life for themselves and their families have fueled the growth and expansion of the US economy. The United States
was built by immigrants, and continues to be built by immigrants. Today, more than 40 percent of America’s Fortune 500 companies were founded by an immigrant or a child of an mmigrant.
In recent years, however, US immigration laws have failed to keep pace with the country’s economic needs. Artificially low limits on visas and serious bureaucratic obstacles prevent employers from hiring the people they need – and send entrepreneurs to other countries, who are quick to welcome them.
In fact, other nations have learned from the American experience and are employing aggressive recruitment strategies to attract the key high- and low-skilled workers their economies need to
compete and grow. In the 21st century global economy, the stakes in the global talent rush are only increasing, and our loss has been the rest of the world’s gain. This report sets out to monstrate what America must do to win the global race for the skills we need. It compares America’s immigration policies with those of other nations – and finds our policies
irrational and undirected, in sharp contrast with the targeted, strategic approaches seen elsewhere.
Very Consistent with the movie ‘The Lost Dream’