AS THE PRESIDENTIAL POLLS DRAW CLOSER, TRUMP IS MAKING A SLEW OF NATIONALISTIC DECISIONS TO WOO THE RIGHT WING VOTERS. BUT HE MIGHT BE HORRENDOUSLY WRONG AGAIN. HERE'S HOW.
Since ages, America has been considered the land of dreams. A place where you have a chance to redeem your fortune & destiny. But now, it seems Mr Trump is no longer interested in fulfilling these dreams!
This is because President Trump on Monday signed an executive order to suspend the issuance of certain temporary worker visas through the end of 2020, cracking down further on immigration after signing a more narrow measure in April.
The order applies to H-1B visas, H-2B visas, H-4 visas, L-1 visas and certain J-1 visas. It is the latest effort by the Trump administration to satisfy immigration hawks and groups that argue American workers should be prioritized, especially amid the economic downturn caused by the coronavirus pandemic.
However it is my strong belief that this visa ban will have a detrimental effect on the American economy because:
Immigrants have been a major innovative force for America. They have started companies in various fields of the economy. This has boosted American image & prestige around the world. The graph below will highlight how involved immigrants have been in founding 2017 fortune 500 companies of USA alone!
Below are some notable companies which were co-founded by immigrants:
Another major point is that the H1-B visa cancelled allows skilled workers common in the tech industry to stay for multiple years. They are used for skilled jobs especially in the silicon valley. Thats why CEOs of major tech firms have given negative review about this order. The infographic below shows the occupations of H1-B holders implying they do not do measly labor jobs. Rather they indulge in high skills high pay jobs.
Immigrants also bring cultural diversity to a place. This can be helpful in attracting tourism. For example, the Asian communities build sleek China towns & restaurants.
Immigrants also send remittances at home. This can shore up the foreign exchange reserves of USA & help in reducing deficit in the Balance if Payment. The map below shows remittance sent by immigrant to various countries.
Immigrants are usually mobile. Hence they can be shifted as per demands of the local economy i.e. from worker surplus district to worker deficit district. This flexibility has augmented hundreds of local economies due to the efforts of the immigrants. This applies to even skilled workers
CONCLUSION
India will have considerable strain due to passing of this order as its citizens are major recipients of these visas. It will be interesting to observe how the Indian government reacts to these recent developments.
Apart from H1-B, Trump also cancelled J-1 & L-1 visas which are linked to academicians & researchers. This decision is confounding as foreign researchers have done an excellent work in America.
The notion that immigrants steal American jobs is true to a certain extent. But what these people fail to notice is how these people also help in job creation by doing all sorts of entrepreneurship.
America has taken enough missteps in 2020 alone. The poor leadership during a pandemic. Violent response to anti-racism protests. The mishandling of Iran nuclear deal. The hilariously failed coup at Venezuela. And now this visa restrictions. All this has dismantled the American image around the world. To regain its past position of the sole global superpower, America needs to act,FAST.
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