I think you're looking at this from a labor perspective, when it's more from a capital perspective.
If (and this is a big if) an entrepreneur gets a visa and hires 1 more person, then it's a good trade from an employment angle.
On top of that, current domestic unemployment statistics are incomplete by just looking at the U-6 number. For programmers and other STEM fields, there is a labor shortage. For workers unemployed from industries generated from the credit bubble, their jobs are unlikely to come back.
And the main barrier to VC money moving to different countries is lack of experience in the area and field.
"Labor shortage" ? What evidence is there that there is a labor shortage? I'll buy that there is a mis-match between what employers want to pay and what an employee wants to take.
I suppose there's a prime rib-eye steak shortage. I'm willing to pay $1 for a steak!!! But nobody wants to supply me with it. But if I raise my price to $12, then suddenly I can find many suppliers. Is there a rib-eye steak shortage?
So many "STEM" types work in places like Manhattan, Silicon Valley, Boston, etc. These are high cost of living areas and careers can be very short. $80/K a year can not buy a house. Perhaps the industry's solution is working better with local labor. Henry Ford did it when paid his workers and "outrageous" $5/day. The well paid workers could afford things, like the Ford cars they were making.
Bill Gates and Tim Cook can afford it. So can Sand Hill Road.
Pay the going rate.
If American needs more "venture", invest in American Moms and Dads and they'll do great things.
If (and this is a big if) an entrepreneur gets a visa and hires 1 more person, then it's a good trade from an employment angle.
On top of that, current domestic unemployment statistics are incomplete by just looking at the U-6 number. For programmers and other STEM fields, there is a labor shortage. For workers unemployed from industries generated from the credit bubble, their jobs are unlikely to come back.
And the main barrier to VC money moving to different countries is lack of experience in the area and field.