U.S. Immigration Policy Gets a C- From Business Schools
|This piece appeared in Morning Bew, an excellent news feed for business and a great overview of news that affects us all. The issue of H-1B visas has been a thorny one for a long time. The idea of lifting the cap to allow highly trained individuals into the country for additional education and then to work is a necessity for all sorts of business including healthcare. Foreign trained physicians make up about 1/3rd of our physician population. Their numbers have been declining as a percentage in residencies and fellowships for many years because, in large part, we have made it too hard to come here. This is just another way to see our issues of addressing our physician shortage. It should happen.|
Yesterday, 63 executives and business school deans (13 execs, 50 people in elbow-patched blazers) sent an open letter to U.S. government leaders. It calls for significant changes in the U.S.’ approach to highly skilled immigration, specifically H-1B visas.
- H-1Bs allow international guest workers with specialized skills and more education to come to the U.S.
- The group argued that failing to attract these highly skilled workers can hurt long-term economic growth.
The letter included new data on biz school admissions
- Bill Boulding, the dean of Duke’s Fuqua School and head of the GMAC, pointed to students’ uncertainty about securing a work visa after graduation.
- In the letter, business schools from Duke to Stanford to Dartmouth said they’re struggling to attract top overseas talent because of discouraging rhetoric and legislation on immigration here in the U.S.
The brass tacks: The group wants President Trump and Congress to 1) revamp the H-1B system and 2) nix visa caps that limit how many immigrants from any given country can move to the U.S.
Zoom out: Industries like tech that rely on highly skilled talent have said for many years that the current 85,000-person cap on yearly H-1Bs is too low.
And it’s not just recruiting abroad that’s been tough
A jam jar-tight labor market, ballooning student debt, and our busy schedules ruining the napkin industry are keeping U.S. millennials from filling out business school applications.
- Some schools are trying to adapt by reworking their curricula to include specialized tracks like data analytics.
Bottom line: There’s no shortage of people who want to go to business school in the U.S., but policy and broader economic patterns are pushing down applications.