Canadian prime minister says the US is pushing out intellectual capital by its hostility toward immigrants and against diversity, and Canada can take those brains instead to make Canada stronger rather than the US.
When you temporarily defund the military, you lose key human capital that moves into the private sector and can’t easily be brought back. You would make the military weaker long term.
“It marks a win for European Commission President Ursula von der Leyen, who has personally driven efforts to attract U.S. researchers in a direct response to the Trump administration’s deep cuts to academic programs. Europe has positioned itself as a safe haven by emphasizing academic freedom and increasing the funds available for those who wish to relocate.”
China has been trying to attract top intellectual talent for years. Trump is discouraging such talent from working in the U.S. and China is encouraging them to live in China. This is hugely dumb policy that could make China the clear leader in world technology.
“a new annual fee of $100,000 will be levied on each H-1B visa applicant going forward, which will serve as a big deterrent. Some number of the roughly 500,000 people currently in the U.S. with H-1Bs—high-skill visas used by tech workers, medical workers, and other professionals working in the fields they received degrees in—would have been dissuaded from coming here had the new system been in place. For companies hiring new talent, this fee will be a huge barrier to sponsoring foreign workers—which appears to be the point.
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Companies in many industries will probably respond to this shift by offshoring more of their workforces or relying on contract workers. (For the medical industry, this won’t really work. Bigger shortages might just become a fact of life.)”
Korean companies invest billions in the U.S., can’t get appropriate visas due to the U.S.’s crappy system, and the skilled people brought over to help make these investments are rounded up like criminals.
You can’t demand Korea invest in the U.S., not have the human capital to support those investments, not have the visa system to get that capital imported legally, and then get mad when in order to fulfill the investment demands the Korean companies don’t get their skilled workers properly documented.
Trump seems to recognize that it’s a problem, yet he did nothing to fix it while leading the charge on an incredibly expensive mass deportation operation while also demanding foreign countries invest in the U.S..
“International students represent 71 percent of the full-time graduate students in computer and information sciences and 73 percent in electrical and computer engineering at U.S. universities. It is already much easier to transition from a student visa to a work visa and then to permanent residence in Canada and other countries than in the United States. International student interest in coming to U.S. universities will plummet without the ability to work in their field after graduation. That will sever America’s talent pipeline.”