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Published: Mon, 21 Sep 2009
Description: Duke University's Vivek Wadhwa on reverse immigration's impact on the economy.
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" Facing a disturbing and growing trend more more about most skilled immigrant professionals are leaving the United States that are home most of the China and India. Professor of me that a lot law of Duke University knows about about this subject he is the -- book on the subject professor thanks for joining us. Festival can put some numbers on it how many immigrants skilled immigrants are going back to China or India. My estimate -- in the next five years and have a 100000 skilled workers from India and from China each go back to their home countries not regular -- and you say this to reasons for this number one is red tape. The immigration situation very very difficult getting to be so and in good shape is very difficult number to. There -- what's prospects in America these days in high tech and are -- India and China but still with the red tape us how bad is that."
" Well we have a million skilled immigrants. Defenders -- the United States right now waiting for green garden waiting opponent doesn't mean those. Many of these people have been in line for a decade. So the best part of their lives. Spent in the waiting for -- form -- be -- so they getting frustrated and getting fed up. And they decided to -- basically is that the fallout from 9/11. And now it's not a 9/11 it's because we brought in so many skilled workers on temporary -- them over the last 1015 years and we can expand the number of green -- And not what's happened is that the luster -- he has -- was xenophobia have been in you know in the United States blaming immigrants for everything that's wrong with America. So -- getting fed up this thing we don't need this we can go back home. Live like kings we can have chauffeur as we can have maids who we can now about been living a very good quality of life why should we put up with -- collection -- abuse. Do you think it is accurate to say that that prospect in high tech all -- in China and India than they are in the United States right now. You know the recently did showed that they 11%. Of the work as well senior managers and that the United States. When they reached home in India 44% became seen him members in a missing manages in other words they did anyone -- as -- awesome about how they doing. Back home. And the vast majority of Indian -- and if anything that they were much better off. Better quality of life but it could be obligated -- professional opportunities you know being close to their families. All all the things which. You know we don't want that to be sent into us -- and you say objectively. That this puts the puts America in high tech at a disadvantage. Yes they can because I'm here in Silicon Valley talking to venture capitalists and then funding -- the company's back. Not -- funding hundreds of companies and India and China right now. A lot of people have gone back with the skills from United States that aren't even known as the start of the companies abroad so we've done that we've exported our economic recovery. Do other countries because this really stupid immigration policy you know."
" Look I think both you and I will belong elsewhere in this world I was born in England tonight being hit in America 35 years. I believe you were born in India you've been here a long long time. How have you ever seen this kind of reverse immigration the reverse article of the brain drain is it a the other should reverse brain drain like this before."
" This is the first time in American history. That we've had skilled people leaving. Country so far they've come on one way ticket whether it be on the mayflower or an air India. They've always come -- one way the state of Nevada options before. The world this change right now. They're more opportunities abroad than -- in the United States and not arrogance has reached an all time high right now. -- US senator Grassley could -- legislation. Too restrictive visa than this is this is brain dead policies just and we did the best and the brightest in the world coming here starting the company is here. Helping us innovate helping us continue to be the -- data we've basically telling them we don't wanting to go back home stock of companies that compete with us about -- really stupid."
" But it's it's convoluted argument because it's mixed up with the unskilled immigrants and illegal immigrants that is clouding the picture. It seems sometimes like we we young. We will allow large scale mass immigration of unskilled legal and illegal people. I'm we almost encourages. And yet we dis courage skilled immigration real -- coming yeah -- As a harsh thing to -- it seems like that's what we're doing."
" We only have a 140000 visas available via foot on the skill limit for the -- its tightest. If you but I engineers and so on because the United States -- as we talk about millions coming over the -- weather -- 120 pound let's have a quarter million at an event of a million. And will have Bruno would mean the world's best haven't yet and they'll help us innovate so you think you're absolutely right. Profess to want what we appreciate being with us -- thanks so much appreciate it thank you -- having got."
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