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Slaughter & Rees Report

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April 20, 2015

Slaughter & Rees Report: Here We Go Again

As countries continue struggling to accelerate economic growth, few could dispute the gains of greater skills. Yet some countries continue to forgo these gains. Sadly for America, but gladly for the world, April 1 was again the first day that U.S. Citizenship and Immigration Services accepted new petitions for H-1B visas for the next fiscal year. Each H-1B visa allows a company to create a U.S. job for a highly educated foreigner for at least three years. This program, which accounts for nearly all of America’s skilled immigration, imposes an annual cap of 85,000 new visas: 65,000 with at least a bachelor’s degree and 20,000 with at least a master’s degree.  Read more.

Meet the Authors

Matt Slaughter is the Signal Companies' Professor at the Tuck School of Business, the faculty director of Tuck's Center for Global Business and Government, and the associate dean for faculty. He is also currently a Research Associate at the NBER; an adjunct Senior Fellow at the Council on Foreign Relations; a member of the Congressional Budget Office's Panel of Economic Advisers; a member of the U.S. State Department's Advisory Committee on International Economic Policy; and from 2005-2007, he served as a Member on the Council of Economic Advisers in the Executive Office of the President.

Matthew Rees is the founder of Geonomica, a consulting firm that has worked with clients across a number of industries, and a senior fellow at Tuck’s Center for Global Business and Government. He is the founder of FT Newsmine, a weekly brief of financial market facts and figures produced in collaboration with the Financial Times, as well The Geonomica Brief, an independent publication with a similar focus. A former journalist, Rees has written for The Wall Street Journal and The Economist. He also has extensive government experience, serving as a speechwriter for President George W. Bush; former National Security Adviser Condoleezza Rice; and U.S. Trade Representative Robert Zoellick.