Lexington calls US immigration laws idiotic:
Chinese and Indian immigrants founded more than half of all high-tech companies in Silicon Valley. Immigrants co-founded Google, Intel, eBay and Yahoo. Immigrants contributed to more than a quarter of US global patent applications. Immigrant-founded companies employed 450,000 workers in 2006 and generated $52 billion in revenue.
Instead of trying to restrict the supply of H1B visas, why not increase it massively, starting by giving any foreigner who graduates from an American university the right to a visa. That might be exactly the long-term stimulus that the economy needs.
More on the insane restriction on skilled immigrants here. The continuing bias in favor of family members is an anachronism. What we need are skills and talent. And that, by the way, should include those who are HIV-positive.
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