U.S. will Retain High-Tech Enterpreneurs and Best Graduates in The Country

by on May 25th, 2012

Brightest minds from around the world come to U.S. top colleges and universities to pursue graduate degree. As soon as they obtain graduate degree, they return to their country, because student visa does not allow foreign students to stay in the U.S. after they obtain degree. It is like kick high-tech, highly skilled, entrepreneurial people out of the U.S. after training them. Those high-tech skilled graduates return to their countries e.g. China, India, Pakistan to start their own businesses and create job opportunities. This hurts American economy greatly. This is going to be changed in U.S. Senators Lamar Alexander (R-Tenn.) and Chris Coons (D-Del.) introduced the SMART Jobs Act (Sustaining our Most Advanced Researchers and Technology). According to Sen. Alexander, this bill is an essential measure to keep talented workers and potential job creators in the U.S.

SMART Jobs Act

Smart Jobs Act

Sen. Alexander said:

It makes no sense to attract the most talented scientists and engineers from other countries to our schools to educate them, only to send them home to compete with American companies and create jobs – perhaps even the next Google – in other countries.

Sen. Coons said:

Many of the best and brightest young minds in the world are educated at American colleges and universities, and instead of sending them home after graduation, we should be encouraging them to stay in the U.S. to pursue their innovations and create jobs here,” said Coons. “When we send off these graduates to pursue their innovations in India and China, we are literally subsidizing our competitors.

Steve Case (co-founder of AOL, CEO of investment group Revolution, member of President Obama’s jobs council), has supported the bill, which he says is an important step forward.

Obtaining a Visa will be easy now for person who is pursuing a high-tech degree or building a business in the United States.

Startup Act 2.0, was also introduced to the Senate recently, would create two new types of visas: a “STEM visa” for foreign-born students earning advanced degrees in science, technology, engineering and math in the U.S. and an “Entrepreneur’s visa” for foreigners starting businesses in the country.

U.S. will retain highly skilled graduates in the country after they complete their education program to create job opportunities in the U.S. and to utilize the best talent not anywhere else then U.S.