The Smart Techie was renamed Siliconindia India Edition starting Feb 2012 to continue the nearly two decade track record of excellence of our US edition.
September - 2009 - issue > In Focus
H1-B Restriction: Silicon Valley to be Hurt
si Team
There was at least one immigrant founder in 25 percent of tech companies established in the US between 1995 and 2005, reveals a study by the Duke University and the University of California. These entities generated over $52 billion sales, while creating over 450,000 jobs in 2005.
The US administration under George W Bush pushed for immigration reforms, which failed to take shape. Now Barack Obama is in the White House; are these reforms on his priority list? Recently, Obama assured pro-immigrant activists that the reforms would not lose its importance to the healthcare and energy legislations.
However, Senators Richard Durbin and Charles Grassley have sponsored a bill to stop the alleged abuse of H-1B visas. They have introduced a legislation to restrict the number of H1-B visas issued. These visas are popular among major technology companies that bring some of the brightest minds to the US.
The current situation can make the US less attractive to immigrants, who may eventually contribute to the country’s growth. Take the examples of Vikram Pandit, Indra Nooyi, or Sanjay Jha who came to the US and are now heading some of the largest companies on the planet.
Reader's comments(2)
1:Ha, ha, ha! Why only IT personnel? Even Indian Carpenters, taxi drivers, iron workers, and all else are brilliant enough in theri own work. My daughter was learning C plus when she was in her forth class age. Was she brilliant? I dont think so, Computer software and everything about computers are very, very simple! What is going to hurt the US is the presence of outsider inside theri nation. No intelligent nation would allow it. What has happened to American intelligence? Gone Bonkers?
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