For all of its faults, the United States has been the destination of choice for emigrants since – well – for half a century. Personally, I have friends and family who got their green cards just within the last few years. The US continues to be a magnet for talented and ambitious risk takers. Bill Kerr, Harvard Professor, titled his most recent book, The Gift of Global Talent: How Immigration Shapes Business, Economics, and Society and his thesis is simple – even if the data collection was difficult – immigrants drive a large % of growth, innovation, and entrepreneurship. People want to live and work here, and that’s largely been a big blessing. Factoid: 40% of US cancer researchers are immigrants.
US economy = huge demand
Times are good (yes, looking at the stock market this week, you might not think so), and unemployment in the US is at a 50 year low. As of October 2018, there were 7M unfilled jobs in the United States. This includes 450,000 highly-skilled manufacturing jobs. It’s a fairly basic tenet of economics that suppliers will try to fulfill demand. Here’s a data point, H1B visa season starts April 1. There are 85K visa to allocate, and typically there are 300K applications after one week.