INNOVATION EXPERT ARGUES THAT PRESIDENT'S "BUY AMERICAN, HIRE AMERICAN" EXECUTIVE ORDER WILL HURT AMERICA

INNOVATION EXPERT ARGUES THAT PRESIDENT'S "BUY AMERICAN, HIRE AMERICAN" EXECUTIVE ORDER WILL HURT AMERICA

Policy Proposals That Target Immigration and Work by H-1B Visa Holders Could Disrupt American Economy More Than Expected Says Industry Expert

 

Houston, TX -- Earlier this week President Donald Trump signed his 23rd executive order with the argument that his "Buy American, Hire American" policy would help America's economy grow and put more Americans to work.

That's not only highly unlikely says Dr. Brett Trusko, an industry expert in the field of Innovation Science, but would probably have the exact opposite effect.

Trusko, president of the non-profit International Association of Innovation Professionals, argues that global collaboration and skill identification - not immigration bans and stifling H-1B Visas - is the answer to creating more jobs and lifting the economy.

"America has long been called the 'The Land of Opportunity' and that phrase and philosophy is something that most Americans are proud of," says Trusko.  "What I'm not sure that many realize, however, is that, according to a recent report by the Information Technology and Innovation Foundation,   More than one-third (35.5 percent) of U.S. innovators were born outside the United States, even though this population makes up just 13.5 percent of all U.S. residents. Another ten percent of innovators were born in the United States, but have at least one parent born abroad and that more than 17% of innovators are not U.S. citizens, yet they make invaluable contributions to U.S. innovation.”

These are companies that employ millions of Americans and produce and ship products and services all over the globe which, obviously, produces paychecks, sales revenue and taxes which flow directly into the US economy.  This represents many billions of dollars.  Do we really want to say to these innovative entrepreneurs and businesses 'you're not welcome here?'"

Of particular concern to many American companies and entrepreneurs is the proposed reduction of available H-1B visas - often used by tech-based companies to secure highly skilled "knowledge workers" - with the argument that equally skilled American workers are being left out of the work force.

"Some 40% of Fortune 500 firms were founded by immigrants and I think it's fair to say that hiring companies like Google, Tesla, Yahoo, Pfizer, Intel, Apple and EBay who need science-based and technology-based employees by the thousands will happily hire anyone with the necessary skill sets to continue innovating important products regardless of whether that person is in Omaha or Dubai.  What's important is that we continue finding innovative ways to improve lives all over the world and growing economies that benefit all."

The International Association of Innovation Professionals (IAOIP) is a Houston-based non-profit association with more than one thousand members from around the world.  The organization offers the only certification process for Innovation Science - the intersection between business sciences such as accounting and law, the practical sciences such as engineering and physics and the social sciences that allow buy-in from consumers and constituents - and its members work within almost every imaginable industry from energy and academia to government and transportation. 

Sustainable innovation is the key to lifting the economy, argues Trusko, not closing off borders or opportunities.

"A few weeks ago the White House announced the creation of a new department called the White House Office of American Innovation which we hailed; innovation is key to improving prospects for all.  But perhaps one way of improving not just our ability to innovate within the United States but to improve employment figures is to find a way to emphasize STEM (Science, Technology, Engineering and Math) studies within our schools so that even more opportunities with companies like Google, Yahoo and Tesla are available to those already living in the United States and who don't require an H-1B Visa. We believe that employers will hire the best and not necessarily the least expensive."

One other downside to the proposed policy changes made this week, says Trusko, is that companies who require large numbers of skilled workers and who are currently based in the United States don't, for the most part, have to be in the United States to continue producing what they produce.  It's far too easy to move elsewhere and take their jobs, revenue and tax payments with them to another country.

"Our association is worried that this new executive order will harm US workers more than help them but, at this point, it's up to Congress to determine what to do with the President's proposed changes."

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Notes to Media:  Dr. Brett Trusko is available for interview and can provide statistics and data on the subject matter above.  Interview requests should be directed to The Zephyr Group, This email address is being protected from spambots. You need JavaScript enabled to view it. , (505) 466-2770.  Additional information about the International Association of Innovation Professionals can be found online at iaoip.org

 

 
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