50 deans from top US business schools, as well as CEOs from leading companies, have signed a letter addressed to President Trump and other US political leaders demanding changes to visa laws and immigration policies.
The letter has been published alongside a new white paper released by the Graduate Management Admission Council (GMAC), Early Warning Signals: Winners and Losers in the Global Race for Talent, which warns of the dangers to global economies that restricting high-skilled immigration can bring.
The letter comes as international applications to US business schools go down again, falling by 13.7% between 2018 and 2019.
Here is the letter in full:
To America’s Leaders:
President Donald J. Trump
Vice President Michael Pence
Speaker Nancy Pelosi
House Minority Leader Kevin McCarthy
Senate Majority Leader Addison “Mitch” McConnell
Senate Minority Leader Charles “Chuck” Schumer
We represent a cross-section of America’s economy, now and into the future. As CEOs, deans of business schools across the country, and industry organizations, we have insights into what the U.S. economy needs now, and what it will need 10, 20, and 30 years into the future. We are helping to lead this generation of businesses and train the next generation of leaders who will succeed us.
We are also urgently concerned – we do not believe the U.S. has the high-skill talent it needs, nor does it have the capacity to train enough people with those skills. Without a substantial change in our approach, this deficit of skills in key fields will hinder economic growth.
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