10 Reasons the Tech Industry Will Break Down without Immigration Reform
Date: September 22, 2014
- America will face a shortage of more than 220,000 workers with STEM degrees by 2018.
- More than a quarter of science and engineering firms already report difficulty hiring.
- In recent years, more than half of the post doctorates in science and engineering at U.S. universities were immigrants.
- Foreign-born STEM students complement – not displace – their American counterparts.
- In 2011, 76% of patents awarded to the top 10 U.S. patent-producing universities had at least one foreign-born inventor.
- One quarter of all U.S.-based Nobel laureates over the past half-century were foreign-born.
- Between 1990 & 2000, immigrant innovations contributed to growing U.S. GDP by 2.4%.
- It took less than one week to reach the 65,000 cap on H-1B high-skilled visas granted this year.
- H-1B visa denials in 2007-2008 cost U.S.-born tech workers 231,000 jobs & $3 billion in wages by 2010.
- The number of jobs for U.S.-born workers in computer-related industries would have grown at least 55% faster between 2005-2006 and 2009-2010 without the H-1B visa denials of 2007-2008.
