World's No.1 Visa Specialist
Australia Partner Company
Australia Partner Company
22 Jan 2015
With an intention to streamline and develop the immigration process for highly skilled employees, an Immigration Innovation Act known as I-Squared has recently introduced in the US.
Most of the Research report demonstrates that alluring more skilled immigrants to US fuels country’s economic growth and creates jobs by improving productivity and innovation.
Presumably, salaries for computer scientists, engineers and scientists are increasing more swiftly when compare to other occupations.
The major benefits of I-Squared immigration act would come from escalating the productivity of the US economy.
It was found that 10% rise in the number of employees with H-1B visas in the Michigan City. Finally, it has concluded that H-1B employees improve patents and advancements so much that they have a major effect on enduring economic growth at the same time they also create more jobs in the US.
A tremendous productivity gains are observed from migrant innovations and inventions. Earlier, the H-1B workers in the STEM (science, technology, engineering and mathematics) fields have generated 10 to 25% of total combined productivity growth in around 219 American cities.
The I-Squared’s act immigration reforms to the H-1B visa system might bring in more scientists and engineers into the United States, which can be more than thrice the annual flow of immigrants.
The immigration bill has of course relax the H-1B visa system and also increases the count of employment based green cards for extremely skilled immigrants by increasing them more than two times through abundant exemptions.
Apparently, I-Squared would improve country’s economic growth, productivity and generate more jobs.
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Posted On 13 Jun 2020
Posted On 12 Jun 2020
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