Politicians and Silicon Valley companies continue to work together as they try to create a fair method to bring more skilled foreign workers into the United States.
"Every day the American economy is losing ground - not to mention high-tech jobs and technologies - to India and China because foreign-born entrepreneurs cannot secure a visa to stay in the US," said Congressman Jared Polis, who supports a new start-up visa designed for foreign workers who have "good ideas."
In early November, just 46,700 of the 65,000 allocated H-1B visa applications had been filled for the 2010 work year -- the 20,000 visa cap designed for foreign students in the U.S. who have a master's degree or higher did reach the 20,000 quota.
It may seem like a good idea to create a new visa proposal, but tech companies likely aren't going to support such a movement when the economy is bad. The lack of Silicon Valley support will lead many talented developers to stay in their native homeland, with travel to and from the United States only when necessary.
Polis and other politicians seem to be interested in updating the U.S. government's EB-5 visa system -- officially introduced in 1990 -- and offers 10,000 visas, but applicants must be able to create 10 full-time jobs and have $1 million capital ready to invest. Instead of $1M, foreign entrepreneurs will have to receive $100,000 from an "angel investor," or $250,000 from a VC firm.
If a candidate meets those requirements, they must then prove they'll be able to create between five and 10 jobs, along with $1M in revenue.
quote: the point is that it is still bringing in foreigners to do something people here in this country are also trying to do. They only difference is my taxes help pay for this person to do what I want to do, yet I can't get the same money to do it.
quote: And this person will then also compete against me.
quote: Being a White Male I am at the bottom of the list for any SBA loans/help, (not saying it's impossible). It is rather frustrating, if not upsetting, to see people coming from out of the country get more help from my govt and banks then they are willing to give me when I was born here.
quote: Untrue, as that would be discrimination, which is against federal law. SBA loans are granted at the discretion of a bank or venture capitalist firm based on viability as proven by the business plan.
quote: Right it is discrimination and it happens to white males in this country every day
quote: it's that guy in the corner office who just slashed American 2,000 jobs rather than take a pay cut or a hit to his bonus.
quote: "Being a White Male I am at the bottom of the list for any SBA loans/help" Untrue, as that would be discrimination, which is against federal law
quote: I agree with you there, but nothing you said changes the fact that the intention of this program is to bring in foreigner's and help them to do something hundreds of thousands of people in THIS country are trying to do. And that is what I do not agree with.
quote: First off I didn't say I could not get a SBA Loan, just that others are given priority over me because I am a white male.
quote: Also, it seems minorities need the help anyways. Did you know that over 80% of small businesses are owned by the white population?
quote: Where is this helping them?
quote: Where is the problem then? You can get a loan. Top of the list, bottom of the list. Does it matter if you can get a loan?
quote: Seems white ppl get more loans then the minorities to me.
quote: The problem is this situation; Suppose a white male and a minority both submit similar business plans that are equally viable, (lets say a restaurant, because this DOES happen often) the minority is automatically going to win. And only because they are a minority. THAT is the problem, it's discrimination and supposed to be illegal.
quote: Just throwing out all other reasons for why that is (since you seem to have), how does that still make it right to then deny any further white males any loans in favor of minorities? Now if they get it because they are poor or something along that line, then say that. But to do it just because of the color of their skin and/or ethnicity is exactly what we are taught is wrong and not to do. Yet it happens anywaysIf the color of your skin and/or ethnicity is a factor, then it's discrimination and supposed to be illegal. Just because it happens to a non-minority, doesn't change that it's still discrimination. Yet we seem to think that since it benefits a minority then it's ok. Does that really make any sense?
quote: The United States has planted a seed in that striving to move the entire populace forward will in the end payoff in staggering proportions.
quote: In these countries they reward excellence and cut under performing individuals out of the educational process.
quote: Also the quality of Indian engineers can be pretty crap. Hence why so many organizations have been created to fix the situation.Majority aren't even worth as much as the piece of paper that says they graduated.
quote: Seriously, though, why do people get so defensive about saving domestic jobs and then turn around and buy the cheapest crap sold at Walmart? I don't think you can have an employ-domestic policy without a buy-domestic policy.