While the majority of people are focused on Kleiner Perkins Caufield & Byers partner Mary Meeker’s latest mind-boggling “Internet Trends” report, another slideshow that came out today deserves just as much attention.
The 97-slide second deck, created by Meeker and Liang Wu, takes a close look at the limitations for high-skilled immigrants in the country and the impact it has on the tech industry. It also attempts to make a case for significant reforms.
The slideshow basically drills home on the idea that America has lost its place as the global leader in nearly every sector except technology. And since the U.S. can’t churn out enough computer science/engineering/math-based graduates every year, we’ll need to recruit from outside the country to meet the demands.
We’ve embedded the slideshow below. Let us know your thoughts in the comments.
Immigration in America and the Growing Shortage of High-Skilled Workers
Here’s some quick facts pointed out in the slideshow about immigration:
- 42 percent of America’s fortune 500 companies were founded by first or second generation immigrants
- 60 percent of the top 25 tech companies in the U.S. were founded by first or second-gen immigrants, including Apple, Google, IBM, Oracle, Amazon, Intel, Ebay, Yahoo, and others.
- Science/tech/Engineering/math-based employment has increase twice as fast as all other jobs.
- By 2020, the number of job openings that require a comp-sci degree will exceed 120,000 per year, while the number of new U.S. comp-sci grads will will less than half that.
- There are currently 10,000 openings for U.S. job positions at IBM, Intel, Microsoft, Oracle, and Qualcomm alone.
- U.S. companies are limited to 85,000 H-1B Visas annually, despite demand for at least 150,000 per year.
- A 35-year-old computer programmer from India can expect to wait up to 35 years for a green card.
- Other countries grant 7 times as many green cards for high-skilled workers than the U.S.
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