Washington, June 28: US immigration is a tad easier now, and profitable too; at least that is what the US expects. Tech biggies like Google, Yahoo, Cisco and Microsoft have applauded the move of a comprehensive immigration reform bill, passed by the US senate, arguing that "this would give a big boost to the economic growth and attract high skilled workers".
John Chambers, the Chairman and CEO of Cisco and co-chair of TechNet, believes that passing this legislation on a bipartisan basis has curbed the delay in immigration and high-skilled worker reforms.
The reform is expected encourage the inflow of talents from across the world, infusing new ideas. Tech leader Cisco has planned to work in collaboration with the legislative leaders to ensure that the cream of the crowd is attracted to USA. In fact, the changes in the immigration reform has been considered a breakthrough in the nation's outdated immigration policies.
"If enacted, these changes will strengthen our economic security, foster innovation and enable continued job growth in the US. Equally important, the legislation makes critical investments in our workforce by strengthening STEM education in the United States, including instruction focused on computer science," Ballmer (CEO of Microsoft) said.
He added:"Microsoft applauds the Senate's bipartisan collaboration and leadership in addressing this issue. As the House of Representatives moves forward, we will continue working on a bipartisan basis to enact much-needed reforms to immigration and education policies that will promote American competitiveness and opportunity."
Other technology leaders echoed the opinions of the above two. For instance, Safra Catz, Co-President & CFO, Oracle and a member of TechNet's executive council said: "Comprehensive changes to our outdated immigration system are important for the US economy to remain the global leader in innovation. With approval of this bill, the Senate is sending a powerful signal that America is open for business, strengthening our economy and providing new opportunities for our workers."
John Doerr, General Partner at Kleiner Perkins Caufield & Byers and co-chair of TechNet corroborated saying,"The passage of this monumental, bipartisan legislation is a terrific victory for our country. America's economic success has always been based upon its ability to attract the best talent, no matter where they were born. We applaud the broad, bipartisan support for this measure in the Senate."
Only time would tell if this move could this be a possible breakthrough revival of the otherwise slumping market.