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October 7, 2012 05:00 pm GMT

Report: For The First Time In Decades, US Is Bleeding High-Skilled Immigrants

images (21)"The period of unprecedented expansion of immigrant-led entrepreneurship that characterized the 1980s and 1990s has come to a close," writes an ominous new Kauffman Foundation report from Stanford researcher and Washington Post columnist, Vivek Wadhwa. Despite being the source of venerable American businesses, from Carnegie to Google, Wadhwa and his team of researchers are finding immigrants no longer see the United States as the only land of dreams, driven in large part by Congress's inability to enact high-skill friendly immigration reform. In the word's of immigrant and President of Xerox's Innovation Group, who talked to Wadhwa for his new book, Immigrant Exodus, says, "Clearly the attraction the United States had on people like myself two to three decades ago is very different now. Countries all over the globe now have successful and growing research universities and labs."

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