Immigration reform could make a world of difference in resolving the talent shortage faced by many countries. By establishing new regulations and criteria for immigrants, countries can ensure that they have access to individuals with the right skills to fill available roles.
This would also encourage skilled labor to stay in their home nations as there will be more job opportunities available. Furthermore, immigration reform can lower wages for certain professions, allowing an influx of skilled labor to enter the market and help offset salary demands. Immigration reform can also provide more opportunities to foreign-born individuals who already have experience in their chosen field, as they may find it difficult to obtain a visa or green card in the current immigration system.
This will increase access to both qualified professionals and experienced workers in the global labor market. By tapping into immigration reform, countries can leverage the power of immigration to end talent shortage and ensure that their economies are stable, profitable, and prosperous.
The Conference Board (CED), issued a new Solutions Brief, Immigration Reform: An Essential Key to Growth.
As detailed in the report, widespread workforce shortages are playing a significant role in both elevating and perpetuating inflation. Across the country there are almost 11 million jobs waiting to be filled—a near-historic high. Even if all currently unemployed workers could fill those job openings, the nation would still have a shortfall of more than five million workers—a scenario that underscores why comprehensive immigration reform is imperative.
Left unaddressed, the current labor shortage problem risks jeopardizing long-term economic growth and prosperity. Making the challenge all the more difficult are troubling demographic trends: As the US population ages and birth rates decline, labor shortages will only intensify without immigration being part of the solution.
“Increasing the nation’s quantity of labor will require a two-pillar approach. To preempt a shrinking workforce, expanding US labor force participation through steps including reskilling, diversifying talent pools, and supporting older workers and caretakers is a first-order priority,” said Dr. Lori Esposito Murray, President of CED. “But, it is not the panacea. Also essential is comprehensive immigration reform that expands legal pathways and encourages immigrants’ immediate contribution to the workforce. Further delays in reform will continue to put severe pressures on the US workforce, which will hinder overall innovation, productivity, and growth.”Dr. Lori Esposito Murray
Suggestions to Reform Immigration
The Conference Board provided an extensive list of ways we can do this.
- Secure the border to reduce illegal immigration. Responsible reform must begin by addressing the border with an influx of resources for asylum officers, judges, and facilities, while making investments in systems to boost processing capacity.
- Broaden enforcement of US immigration laws through a mandatory E-Verify system. The E-Verify system would better ensure that jobs are filled by screened applicants. This serves the dual purpose of deterring unauthorized migration by nearly eliminating job opportunities they are able to fill, and by shrinking the potential pool of offenders who law enforcement authorities must identify.
- For undocumented immigrants already residing in the US, develop a bipartisan plan for lawful pathways to permanent residence, predicated on extensive screening. Such a pathway would allow them to fully integrate into the workforce, the mainstream economy, and their communities.
- Allow immigration to boost the labor force by opening additional pathways at all skill levels to work authorization and permanent residence as needed across the economy.
- Boost entry of employer-sponsored workers at all skill levels by eliminating or raising caps on green cards and visas and adjust caps based on the prior year’s demand.
- Offer work authorization to temporary workers’ spouses and children.
- Relax provisions that require productive workers to leave the country during periods of non-employment.
- Streamline retention of H-1B high-skill workers and F-1 international students. Specifically, allow changes in employers and allow such immigrants to self-nominate for permanent residence after successfully meeting required visa terms.
- Maintain green card pathways for family-sponsored admissions and refugee admissions to continue America’s commitment to family unification and human rights.
- Improve processes and upgrade capacity for immigration application and approval. Resources to upgrade capacity and processing speed are necessary to make immigration more effective for immigrants and businesses, helping to compete with other countries to recruit workers.
- Commit to a goal on processing application decision time and allocate resources sufficient to meet it.
- Shift to quarterly or monthly allocation for H-1B visas to spread processing and better align with more convenient work start dates.
- Improve capacity at US consulates by deploying sufficient officers to the busiest consulates and by expanding interview waivers.
- Pilot programs to address labor gaps.
- Pilot additional visas on a points-based system, calibrated to target defined shortage occupations or education backgrounds.
- Allocate designated number of “place-based” visas contingent on workers residing in a specific location, allowing state and local governments to coordinate to address regional labor market needs.
In conclusion, immigration reform is an essential part of ending talent shortage. By opening up immigration channels to more diverse groups of skilled workers, countries can enjoy a better-qualified and more diverse workforce.
Additionally, immigration reform can help to address the issue of wage discrepancies in certain professions by allowing cheaper labor into the market. Ultimately, immigration reform presents an effective and efficient way for countries to resolve the talent shortage they are facing and ensure their economies remain strong and prosperous.