Leaders from 50 of the most prominent business schools in the country have signed an open letter to the Trump administration and Congress warning that current immigration policies and rhetoric could hurt the economy in the long term.
Industries that rely on high-skilled talent, like technology, have said for more than a decade that the cap of 85,000 H-1B visas per year is too strict, said Giovanni Peri, an economist at University of California, Davis. In 2004, the government reduced the number of visas awarded through a lottery system.
“Many people argue that these very strong constraints have slowed down already the growth of some of these sectors,” he said.
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