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I-Squared Fast-tracks US Immigration System for Skilled Immigrants

January 2015, 22
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Skilled Immigrants Drive US Economy
The senator of United States, Orrin Hatch has put into practice the new act termed as I-Squared, which is devised to expand and fast-track the immigration system for very highly skilled professionals.

According to recent research, enticing more highly qualified overseas nationals will develop economy and create jobs by boosting productivity and innovation. Hatch publicized that the president has identified that they are facing shortage of high-skilled professionals, which has become a national crisis. Salaries for engineers and computer scientists are increasing exponentially when compared to other professions.

Economists stated that 10 % increase in the number of H1-B workers boosts the city’s patent output by around one percent, enormous increase for small number of H1-B workers. They added that H-1B workers bolster patents and innovation and shows significant effect on long-term economic growth while generating more jobs.

Sources stated that the productivity gains from innovations and inventions are remarkable. Since 1990 to 2010, around 25 % of the productivity growth was noticed because of H-1B workers in the STEM field. The gains resulted due to overseas skilled professionals, who have various skills when compared to Americans. I-Squared’s amendments with regards to the H-1B system could three-fold the annual flow of scientists and engineers into the US.

Reportedly, the bill increases the number of employment-based green cards for high skilled overseas nationals.

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