With about 75% to 80% of full-time graduate students in key technology fields at U.S. universities are international students and Trump cut legal immigration by 49% since taking office, we can easily deduct damage caused to our international students, their families, their economies and, of course, the damage done to the economic growth and stability of the United States.
Since the H-1B remains the only practical way for many people to work long term in the United States, including international students, we can expect regulatory relaxation around the H1B and the naturalization process under the new administration.
Such actions in turn reverse the current exodus of fugitive international students and highly skilled workers. Thus, re-establishing a welcoming environment for these people and increasing diversity, stimulating multinational prosperity and further encouraging the sharing of ideas while building the future global economy.
Minimum wage: impact of the purchasing power conversion factor and purchasing power parity
The federal minimum wage, which is currently $ 7.25 an hour, has not been updated since 2009. Few people can survive on such a low income, the worst is women and people of color are historically paid disproportionate wages. Biden has pledged to raise the federal minimum wage to $ 15 / hour.
While not directly a concern of immigration law, Biden’s minimum wage program carries massive implications and ramifications for American businesses, employees, families, students, industries and the economic situation of the United States as a whole.
As the price of labor rises, producers must raise the prices of the goods they sell. This in turn leads to higher prices for food, gasoline, rent and other goods and services while exerting upward inflationary pressure on the dollar, further eroding its value and destroying the power of the dollar. purchase of all those who hold dollars. Those who earn the least suffer the most.
Rising inflation makes local products more expensive and less attractive to customers who are increasingly turning to cheaper imports. Higher prices can also reduce US exports due to competition in international markets. for American businesses, employees, families, students, industries and the economic situation of the United States as a whole.