Washington: The United States stands to lose high-skilled immigrant entrepreneurs and science and engineering workforce due to protectionist measures it is putting in place in the wake of the economic recession, cautions a latest study.
The survey comes in the context of the large banks, such as Bank of America, and other US companies reducing plans to hire foreign national students due to concerns over political backlash amidst growing US job losses.
The Kauffman Foundation study released on Wednesday indicates that lessening the number of foreign national students in US jobs may be detrimental to the economic health of the country by accelerating the return of talented immigrant students to their home countries.
“Policymakers are misguided if they believe these talented next-generation entrepreneurs and innovators threaten US jobs. They, in fact, offer the promise of more jobs by building successful, high-growth companies — either in their own businesses or those for which they work,” said Robert E Litan, vice president of research and policy at Kauffman.
The study, conducted by Duke University professor and Harvard researcher Vivek Wadhwa, surveyed 1,224 foreign nationals currently studying in US institutions of higher learning or who had graduated by the end of the 2008 academic school year.