Members of Silicon Valleys elite including Tim Cook, Larry Page, Satya Nadella and Sheryl Sandberg to meet president-elect in New York
One of the most pressing questions Silicon Valley leaders will want answered at their Wednesday meeting with President-elect Donald Trump is whether his administration will clamp down on the immigration policies that technology companies have come to rely on.
You only have to look at the executive boards of some of the worlds fastest growing companies to see the contribution immigrants have made. According to a study by the National Foundation for American Policy, immigrants founded more than half (51%) of the current crop of US-based startups valued at more than $1bn.
All of this could be under threat if we are to take some of the comments the Trump campaign made in the run-up to the election at face value. The outspoken candidate claimed that Mark Zuckerbergs push for specialist H1B visas (the main visa used to hire foreign talent to tech companies) was a threat to jobs for American women and minorities. Meanwhile, Trumps chief strategist Steve Bannon suggested that Asians have too much power in Silicon Valley.
About a dozen members of Silicon Valleys elite including Apple CEO Tim Cook, Alphabet CEO Larry Page, Microsoft CEO Satya Nadella and Facebook COO Sheryl Sandberg will meet with Trump in New York. The meeting is likely to provide an opportunity for them to highlight their concerns and priorities with the incoming administration.
Trump was critical of Silicon Valley business practices during his campaign from wanting Apple to stop making phones in China to saying Amazon founder Jeff Bezos bought the Washington Post to exert political power and avoid paying taxes.
If you look at the history of Silicon Valley, its clear that drawing on immigrants has been a big part of the vitality, creativity and success of that entrepreneurial melange, said Marjory Blumenthal, senior policy analyst at Rand Corporation.
The incoming administration is leaving some highly skilled tech workers nervous about their immigration status. I am worried that I might have to go back to India, said Sandeep Purwar, the founder and CEO of the tech recruiting platform JobAnts. He came into the US on an H1B visa but has since gotten a green card. Hes applying for citizenship as soon as possible to secure his position in the US.
He hopes that Trumps pro-business stance will outshine his anti-immigration rhetoric.
During his campaign, a lot of his talk about building a wall and sending back immigrants was to attract and energize the rightwing Republican base. But hes a businessman. He knows the importance of having manpower in this country, so hopefully hell be softening on these policies.
Zoltan Istvan, a futurist who ran as an independent presidential candidate, said: Its in our very best interest to steal the best engineers from over the world and have them live in America,.
Since the election, the Internet Association, a group of technology companies that includes Facebook, Google, Twitter, Netflix and Amazon, has written to Trump asking him to support a sector that accounts for 6% of the economy by increasing immigration.
The US immigration system must allow more high-skilled graduates and workers to stay in the United States and contribute to our economy, the association said in an open letter.
The letter echoes the demands of Fwd.us, a lobby group set up by tech leaders including Zuckerberg, Bill Gates and Eric Schmidt in 2013 to support immigration reform and expand the H1B visa program, which admits 65,000 workers and another 20,000 graduate student workers each year.
While Silicon Valley relies on H1B to bring in skilled foreign workers, the immigration scheme has also been exploited in a way that drives down wages and in some cases displaces American jobs, said Daniel Costa, of the Economic Policy Institute.