• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
Commentary

How President-Elect Trump Can Spur More Growth​ Through Tech

By
Alan Fleischmann
Alan Fleischmann
Down Arrow Button Icon
By
Alan Fleischmann
Alan Fleischmann
Down Arrow Button Icon
November 13, 2016, 8:00 PM ET
Morning view of silicon valley
View of silicon valley after sunrise and water in distance.Frank Chen — Getty Images

It’s often said that candidates campaign in poetry and govern in prose. And while no one would characterize the 2016 campaign as poetry, President-Elect Trump now faces the herculean task of translating his wide-reaching campaign promises into a feasible governing agenda.

President-Elect Trump prides himself as an expert at ‘the art of the deal.’ And while he’s new to politics, the rules of deal making are universal: to achieve his legislative agenda, our new president must be willing to negotiate and stitch together unlikely coalitions in pursuit of a common cause. This type of coalition-building is challenging in any environment. In our deeply divided 50-50 nation, the mountain President-Elect Trump must climb to fulfill his campaign promises is dauntingly steep.

Many of President-Elect Trump’s voters express concern about being left out of the 21st Century tech-based economy and have not seen innovation as a powerful job-creator or a force for good. Their fears are valid, and Washington with Silicon Valley must do a better job of broadening the promise of technology so that so many disaffected Americans no longer are left behind.

So here’s a first step: reform the H-1B visa program to allow American companies to hire the high-skilled workers they need to grow and remain competitive. While the broader immigration debate will be heated and highly partisan, reforming the H-1B immigration program enjoys strong bipartisan support. President-Elect Trump’s stance on this issue is not yet defined. This creates a further opportunity to properly address this policy issue.

America’s H-1B visa program is designed to permit U.S. companies to recruit workers from abroad to fill highly specialized jobs here in America. Far different from the more wide-ranging worker visa program, H-1Bs are specifically used to fill specific jobs that companies can’t find enough American workers to fill. Particularly for technology firms, H-1B visas are a lifeline to the global talent pool of engineers, who can build products and create economic growth here in America, rather than in other countries.

Evidence shows that jobs for Americans would increase and wages would rise under the visa program. According to a 2012 report by the U.S. Chamber of Commerce studying foreign students with a STEM degree hired by American companies, each H-1B employee creates 2.62 additional jobs for American workers. According to another report from McKinsey in 2011, “in recent years, the supply of [STEM] graduates has been sluggish at a time when demand for them has been rising…the shortage of deep analytical talent will be a global phenomenon…either through immigration or through companies offshoring to meet their needs.”

Yet despite the overwhelming benefits of the H-1B visa program for America’s economy, the program’s annual cap is stunningly low at just 65,000 per year. That quota may have been sufficient 30 years ago, but it’s just a drop in the bucket compared with today’s demand for high-skilled workers. In fact, each year the cap is filled by lottery and reached within a few days, meaning that most companies do not receive anywhere near the visas they request.

Reforming the program would be straightforward. In fact, bipartisan legislation has already been introduced in Congress that would double the annual H-1B cap and allow it to climb based on demand. Unfortunately, despite broad support in both parties, because the program has been unfairly linked to the larger immigration debate, enough members of Congress have held back from fighting for its passage.

President-Elect Trump was elected with virtually no connection to America’s technology sector. Convincing Congressional Republicans to support H-1B reform as a job-creator and economic imperative would be a savvy and much-needed first step. This is a tremendous leadership opportunity for the new administration.

Alan H. Fleischmann is Founder, President & CEO of Laurel Strategies, a global business advisory and strategic communications firm for leaders, CEOs and their C-suite.

About the Author
By Alan Fleischmann
See full bioRight Arrow Button Icon

Latest in Commentary

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Commentary

messi
CommentaryFlorida
Apollo and FC Barcelona just proved legacy markets are losing their grip on business
By Mike SimasApril 2, 2026
5 hours ago
kroenke
CommentarySoccer
Why American billionaires are abandoning Wall Street for English soccer clubs
By Andrés MartinezApril 2, 2026
6 hours ago
wyle
CommentaryTV
What HBO’s ‘The Pitt’ gets right—and wrong—about treating alcohol use disorder
By Jonathan Hunt-GlassmanApril 2, 2026
11 hours ago
nic
CommentaryInsider trading
Prediction markets caught insider traders in real time. Congress wants to shut them down anyway
By Nic PuckrinApril 2, 2026
12 hours ago
elon
CommentarySpaceX
The SpaceX IPO is great — but it won’t deliver 100x returns 
By Jeffrey StewartApril 1, 2026
1 day ago
gary
Commentaryregulation
The biggest mistake CEOs make with AI has nothing to do with the technology
By Gary ShapiroApril 1, 2026
1 day ago

Most Popular

Gen Z fled San Francisco for Texas and Florida. Now they’re turning ‘welcomer cities’ into the next big tech towns
Real Estate
Gen Z fled San Francisco for Texas and Florida. Now they’re turning ‘welcomer cities’ into the next big tech towns
By Fortune EditorsApril 2, 2026
17 hours ago
Current price of gold as of April 1, 2026
Personal Finance
Current price of gold as of April 1, 2026
By Fortune EditorsApril 1, 2026
1 day ago
Two-thirds of parents say their adult Gen Z kids still rely on them financially  for support—even though it's putting them under strain
Success
Two-thirds of parents say their adult Gen Z kids still rely on them financially  for support—even though it's putting them under strain
By Fortune EditorsMarch 31, 2026
2 days ago
The tax escape map: Billionaires are bolting for Florida from the West Coast and taking billions in tax revenue with them
Real Estate
The tax escape map: Billionaires are bolting for Florida from the West Coast and taking billions in tax revenue with them
By Fortune EditorsApril 2, 2026
17 hours ago
Deutsche Bank asked AI if it’s true that AI will solve the economy’s inflation problems. The robots answered
Economy
Deutsche Bank asked AI if it’s true that AI will solve the economy’s inflation problems. The robots answered
By Fortune EditorsApril 1, 2026
1 day ago
Current price of oil as of April 1, 2026
Personal Finance
Current price of oil as of April 1, 2026
By Fortune EditorsApril 1, 2026
2 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.