Audio interviews with industry leaders and senior faculty with exclusive insights on current topics brought to you by Knowledge@Wharton and the Wharton School of the University of Pennsylvania.
November 20th, 2012
Episode 53 of 753 episodes
In 2005, immigrant entrepreneurs launched 52% of all startups in Silicon Valley. But today, the number has dropped to 44%, and America is not only losing the opportunity to create new jobs but also losing its competitive edge, argues Vivek Wadhwa in his book, The Immigrant Exodus: Why America Is Losing the Global Race to Capture Entrepreneurial Talent. In the 1980s, skilled immigrants could get green cards in as little as 18 months, but today it can take as long as 17 years. Failure to fix this problem, says Wadhwa in an interview, is killing American innovation. (Video with transcript)