U.S. competitiveness is on a downward slope. The latest IMD Competitiveness Report reveals a decline in ranking from #1 in 2018 to #3 in 2019 and now #10 in 2020. One of the primarily reasons for the nation’s poor performance is the lack of technical and scientific human capital to invigorate and expand the American economy.
How infuriating, outrageous and absurd then that the Trump administration signed an order on June 22 to temporarily halt the issuance of H-1B visas (currently capped at 85,000 per year) for highly skilled workers from now through the end of the year. Several hundred thousand new immigrants were expecting work visas in fields such as systems engineering, advanced materials, biomedical technology and cybersecurity to fuel U.S. innovation and competitiveness.
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