This week, the US tech companies were disturbed to learn that Donald Trump had won the presidential election. The fear is that Trump will carry out a promise to restrict H1-B visas, making it difficult for them to recruit skilled guest workers.
Hannah Kuchler, FT San Francisco correspondent, provides the full story. One paragraph, which is very optimistic (at least for actuaries and for Canada!), caught my attention.
If Mr Trump does restrict immigration in the industry, tech companies will find other ways to benefit from foreign expertise. Mr [Rob] Atkinson [president of the Information Technology and Innovation Foundation, a think-tank] said some might expand in countries that make it easier to hire immigrants such as Canada, where Justin Trudeau’s administration is creating an innovation policy that will encourage companies to hire high-skilled software engineers, wherever they are from. Mr [Brian] Kropp [human resources leader at CEB] suggested companies could launch more extensive training programmes, for example, taking a group of actuaries and training them to be data scientists.
Hannah Kuchler, “Silicon Valley frets over foreign worker crackdown“, Financial Times, 13 November 2016 (metered paywall).
I also found the following charts interesting. Note the large percentage of Indian nationals among recipients of H1-B visas.