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the Threat of more stringent rules for expert visa get Silicon Valley to add kriseplaner, and can end with the downfall from the throne, think Carl Fritjofsson in risikokapitalselskapet Creandum.
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the It giants in Silicon Valley have reacted sharply at Donald Trumps travel restrictions from seven countries – among other things because such restrictions prevent them from getting hold of the best and the brightest. Now it turns out that the government is working on a new proposal to tighten the rules to arbeidsvisa for experts, so-called H-1B visa.
It will be able to get a dramatic effect and may be the beginning of the end for Silicon Valley, ” says Carl Fritjofsson in Creandum, one of the absolute premier venture capital companies.
Each year employ technology companies tens of thousands of talents from all over the world under this scheme.
Search away?
Fritjofsson shows that the events of last time have occurred abruptly and creates great uncertainty, which in itself is harmful. He refers to the fact that Silicon Valley historically has been very dependent on being able to attract the best people from all over the world. According to a study from the National Foundation for American Policy was more than half of the oppstartsselskapene that was worth more than a billion dollars, started by the immigrants.
Fritjofsson believes that the other ecosystems in the world are now starting to receive so much critical mass that they can threaten Silicon Valleys position.
-If the united STATES is now close to the borders so it can be a catalyst that gets the talent to apply themselves to other places in the world, which undermines Silicon Valley, ” he says.
China on the path
Among those who now hope to attract more of the world’s brightest teknologihoder is China.
I hope the talents from all countries can come to China and give us a more important role in the world’s innovation. The global centre for innovation moving, ” says Robin Li, chief of the chinese search engine Baidu, writes Vanity Fair.
Li refers to the fact that Trump’s closest co-worker, Steve Bannon, has said there are too many asian top corporate executives in the united STATES and for many non-americans in Silicon Valley.
I hope many of these engineers will come to China and work for us, ” says Li.
Also, the british processing milieu hope they can get better access of talents in technology, writes The Telegraph.
Pay inferior
the H-1B scheme in the current form is however not without critics, nor outside the Trump camp. Critics point out that employees who enter this way are free to change jobs, but that this can interfere with the process toward a permanent residence and work permit, the so-called “green card” and that in practice this can lock them to one employer. Studies have concluded that employees with such visa get paid less than others.
the Industry accused of abusing the scheme to get cheap labour, and that this also drives down the wages of other employees in the industry.
Advantage Canada
Canadian technology companies have already asked the government to provide visa to those who are affected by Trumps travel restrictions. Many hope the power of high-skilled labor will turn and go north.
According to Bloomberg, companies like Google, Microsoft and Amazon already offices in Canada, where they have employees in anticipation of authorization to work in the united STATES.
A group oppstartsselskaper have now joined together to make it easier to create subsidiaries and to move people to Canada. They have set up the company “True North” that offer to stay, travel and guidance for immigration to Canada, writes Techcrunch. The price is relatively stiff – 6000 dollars per person. The goal should be to keep people and build further on the environment in Vancouver.
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