In a speech last week to Facebook employees, President Obama discussed the role immigrant entrepreneurs play in U.S. economic competitiveness. "We want more Andy Groves here in the United States," he told the crowd, touching on the Hungarian-born entrepreneur's startup success. "We don't want them starting Intel in China or starting it in France."
Skilled immigrants are returning to their native countries to start businesses. The author of a new study examines the motivations of Chinese and Indian returnees—and urges the U.S. to fix immigration policy to get them back
Sadly, our President didn't back his words with action. He simply said he would support "comprehensive immigration reform," which is legislation that has no chance of passing. This is because it tries to fix all the problems with immigration at the same time. Most Americans will support legislation to admit more doctors, scientists, and entrepreneurs, but they are deeply divided on the issue of amnesty for illegal immigrants. So we're in a messy stalemate.
Our leaders don't seem to understand the urgency of the situation. They fail to recognize how much the world has changed. Entrepreneurs see abundant opportunities in places like India and China now. The world's best and brightest can stay home and achieve as much success as they could in the U.S. Skilled workers who immigrated to the U.S. are optimistic about these opportunities; many are headed back home.