Toro
Diamond Member
Not surprisingly, the anti-immigration tone in Congress is effecting the economy.
It will continue to do so until the United States loosens restrictions on professionals coming into the country.
http://www.reuters.com/article/governmentFilingsNews/idUSN0536902120070705
It will continue to do so until the United States loosens restrictions on professionals coming into the country.
BOSTON/VANCOUVER, British Columbia (Reuters) - Microsoft Corp. (MSFT.O: Quote, Profile, Research) said on Thursday it will open a software development center in Vancouver, giving it a place to employ skilled workers snagged by U.S. immigration quotas.
It may signal the start of a new hiring trend, with other U.S. high-tech firms following in Microsoft's footsteps to Canada, where lawyers say it is easier for foreign nationals to obtain work credentials.
U.S. businesses want Congress to lift quotas on the number of visas the government issues to skilled professionals such as the software engineers that Microsoft employs. But as recently as last week lawmakers rejected legislation that would have addressed their concerns. Canada doesn't impose quotas on the number of visas it issues each year.
Microsoft said it plans to open the Vancouver facility by the end of the year. It will initially have about 200 workers, and employ about 900 within a couple years.
Businesses, particularly technology firms, say they need to recruit foreign nationals, many of whom have received their graduate degrees in the United States, to compensate for a shortage of qualified programmers, engineers and scientists. ...
"Lots of companies are looking at (expanding in Canada) because of their frustration with getting U.S. visas," Green said. ...
Microsoft said in a statement that the Vancouver center will "allow the company to continue to recruit and retain highly skilled people affected by the immigration issues in the United States."
http://www.reuters.com/article/governmentFilingsNews/idUSN0536902120070705