When Poyan Rajamand completed his degree from Stanford University's
Graduate School of Business in 2008, he faced a choice. Would the
Swedish-born Rajamand look for work in the United States or relocate
abroad? As he explained in a report
written by the Partnership for a New America Economy and the
Partnership for New York City, Rajamand and his fiancé arrived at their
decision easily: move to Singapore, where obtaining a visa was simpler
for high-skilled immigrants than here in the United States. In his new
home, Rajamand has founded a startup called Barghest Partners that
invests in new businesses.
Imagine the lost job creation, innovation, and economic output if the same visa challenges that bedeviled Rajamand had bedeviled the immigrant founders of AT&T, Kraft Foods, Honeywell, US Steel, and DuPont? In more recent years, what would have happened to whole new industries had the immigrant founders of Google, Intel, and eBay set up shop abroad?
For a country trying to recover from the deepest recession in generations, we're undermining our economic competitiveness when we make it harder, not easier, for talented immigrants to stay here and contribute to our economy. This has to change.
Imagine the lost job creation, innovation, and economic output if the same visa challenges that bedeviled Rajamand had bedeviled the immigrant founders of AT&T, Kraft Foods, Honeywell, US Steel, and DuPont? In more recent years, what would have happened to whole new industries had the immigrant founders of Google, Intel, and eBay set up shop abroad?
For a country trying to recover from the deepest recession in generations, we're undermining our economic competitiveness when we make it harder, not easier, for talented immigrants to stay here and contribute to our economy. This has to change.
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