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As Big Tech showers employees with perks to win the talent war, Nvidia built a nearly $5 trillion company by making people pay for their own lunch

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Mark Zuckerberg feeds his cows macadamia nuts and beer to create the 'highest-quality beef in the world' on his $300 million estate in Hawaii

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Today, Emily Blunt is worth $80 million thanks to her Hollywood career—but she actually wanted to be a UN Spanish translator on $80K
LeadershipCommentary

How to Tweak Immigration

Alan Murray
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Alan Murray
Alan Murray
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Alan Murray
By
Alan Murray
Alan Murray
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March 2, 2017, 8:07 AM ET
President Trump Delivers First Address To Joint Session Of Congress
U.S. President Donald Trump, center, pauses as U.S. Vice President Mike Pence, left, and U.S. House Speaker Paul Ryan, a Republican from Wisconsin, applaud during a joint session of Congress in Washington, D.C., U.S., on Tuesday, Feb. 28, 2017. Trump will press Congress to carry out his priorities for replacing Obamacare, jump-starting the economy and bolstering the nation's defenses in an address eagerly awaited by lawmakers, investors and the public who want greater clarity on his policy agenda. Photographer: Jim Lo Scalzo/Pool via BloombergJim Lo Scalzo/Pool via Bloomberg
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Good morning.

Trump’s nod to a “merit-based” immigration system in his speech to Congress seems to be an acknowledgement of what we at Fortune have believed for a while: that in today’s economy, human capital is the most important determinant of business success. If the world’s best and brightest want to come live and work in the U.S., why shouldn’t we let them?

My friend Gary Shapiro, who runs the Consumer Technology Association, advocated such an approach in a piece he wrote recently for Fortune. “We must determine what skills and talents we need in the U.S., and then create an immigration system that appropriately values those attributes,” he said. “Australia, Canada and the U.K. use a points-based system to determine immigrant desirability and award the majority of visas to high-skilled workers, while still allowing for family and humanitarian visas. This is a thoughtful approach to immigration that would work well in the U.S.” You can read his full piece here.

The competition for talent is one reason why our list of the 100 Best Companies to Work For is Fortune‘s most popular franchise, read by millions of people throughout the year. We’ll be unveiling the 20th anniversary edition of the list next Thursday, March 9th. CEO Daily readers in New York are invited to join us at our offices to hear from top executives of three of the companies on the list—Accenture, Kimpton Hotels, and Edward Jones—on how to build great workplaces. You can RSVP here.

I’m in Guangzhou, where this morning I visited the offices of Guangzhou Automotive, which is sponsoring our Fortune Global Forum here in December. The company makes a popular Chinese car called the “Trumpchi.” Executives went to great lengths to explain the car was christened in 2010, and is not related to the current U.S. President.

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