This paper is published in Volume-10, Issue-4, 2024
Area
Law
Author
Deborah Similoluwa Akinbobola
Org/Univ
University of Illinois, Urbana-Champaign, United States
Pub. Date
15 August, 2024
Paper ID
V10I4-1195
Publisher
Keywords
Highly-Skilled Workers, Innovation, US Economy

Citationsacebook

IEEE
Deborah Similoluwa Akinbobola. The Impact of Highly-Skilled and Talented Workers on the US Economy: Leveraging the Best and Brightest Minds for Economic Growth, International Journal of Advance Research, Ideas and Innovations in Technology, www.IJARIIT.com.

APA
Deborah Similoluwa Akinbobola (2024). The Impact of Highly-Skilled and Talented Workers on the US Economy: Leveraging the Best and Brightest Minds for Economic Growth. International Journal of Advance Research, Ideas and Innovations in Technology, 10(4) www.IJARIIT.com.

MLA
Deborah Similoluwa Akinbobola. "The Impact of Highly-Skilled and Talented Workers on the US Economy: Leveraging the Best and Brightest Minds for Economic Growth." International Journal of Advance Research, Ideas and Innovations in Technology 10.4 (2024). www.IJARIIT.com.

Abstract

The United States has long been a beacon of opportunity and innovation, attracting some of the brightest minds from around the world. The influx of highly skilled and talented workers has been crucial in driving economic growth, fostering innovation, and maintaining the nation's competitive edge globally. This paper examines the profound impact of these individuals on the U.S. economy, particularly within the technology sector, and explores their contributions across STEM (Science, Technology, Engineering, and Mathematics) fields, finance, legal, and healthcare sectors, which have fueled economic development and technological advancement. However, this Research Note also identifies several challenges that could hinder the productivity and impact of these workers. Key issues include brain waste and skills mismatches, the displacement and replacement of native workers, brain drain and talent retention, access to education and economic inequality, as well as migration and international student policies, and security and social safety concerns. To ensure the continued economic productivity of these talented individuals, the researcher recommends several solutions. These include establishing programs to more efficiently recognize and validate foreign credentials, implementing reverse brain drain initiatives, and strengthening the monitoring and enforcement mechanisms of existing laws, such as the “Protect and Grow American Jobs Act.”