Travis R. Martin, CPA

It was a good arrangement while it lasted. For the past twenty years aspiring scientists, engineers and managers from around the world migrated to the United States in hopes of building lucrative careers. The immigrants, largely from India and Asia, reaped the benefits that go along with prestigious, high-paying jobs while the U.S. furthered its status as a global leader in technology. Unfortunately, America’s reign as the Land of Opportunity may be coming to an end.

According to a recent study conducted by researchers at Duke and Harvard, highly skilled immigrants are increasingly shunning the United States to accept positions in their native countries – a phenomenon that suggests the U.S. may be further slipping from its perch as a global economic leader.

While the findings contained in “America’s Loss Is The World’s Gain,” may delight the vocal “foreigners are stealing our jobs” crowd, the economic reality is that immigrant-founded companies like  Google, eBay and Intel employed over 450,000 workers in 2006.

Thanks to the immigrant brain drain, the next tech giant may be setting up shop in Delhi, not Silicon Valley.

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