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More than 50 deans of U.S. business schools and 14 CEOs have signed a letter to President Donald Trump warning that this administration’s immigration policies are capping America’s economic growth and leaving a deficit of skills in key sectors, particularly STEM fields. The letter warns that “a combination of our outdated laws, artificial regional and skills-based caps on immigration and recent spikes in hostility are closing the doors to high-skilled immigrants our economy needs to thrive.”
Key points:
BAL Analysis: The letter calls the current skills deficit a “crisis” and the reduction in international students and turning away of thousands of prospective H-1B candidates every year a “dangerous negative trend” for the U.S. economy, but suggests the trend could be reversed with key policy changes that remove some of the limitations on high-skilled immigrants and ease barriers to employment of international students after graduating from U.S. schools.
This alert has been provided by the BAL U.S. Practice group. For additional information, please contact berryapplemanleiden@bal.com.
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