Immigration Reform Is Key to Job CreationFri, 03/23/2012 - 15:27 — admin
U.S. News & World Report
March 23, 2012
As America continues to look for more jobs Washington can't seem to come up with an answer. We've heard solutions from policy wonks, politicians, and academics, but rarely from people who have first-hand experience actually creating jobs. The voice of the small business owner is faintly being heard, but I'm not so sure our friends on Capitol Hill are listening. There is continual talk about destructive regulations and burdensome red tape, but very little discussion over specific policies and regulations that are so burdensome and in need of reform. Well, here's one from a job creator: immigration.
Immigration reform is key to spurring innovation and getting the economy back on track. I'm a small business owner who realizes the role legal immigrants play in creating new jobs. As founder and CEO of a boutique merchant bank, I've started or acquired nearly 30 small and midsize companies, creating hundreds of jobs for Americans across the country. I am also an immigrant and an example of how highly-skilled immigrants educated in the United States can drive job creation right here at home.
Employment-based immigration provides ways for highly skilled immigrants to come to the United States on either a permanent or temporary visa and contribute to our economy. I came to the United States at the age of six because my parents wanted me to have the opportunity to live the American Dream. While at that time, immigration law was by no means lax, the window of legal immigration opportunity has been closing more and more as the process gets bogged down in the bureaucratic morass. The sad truth is, America's dysfunctional immigration law doesn't hurt the would-be immigrants as much as it cripples our nation's competitiveness and prospect for future prosperity and job growth.