The Gift of Global Talent, my new book about high-skill immigration, launches tomorrow! A few words on what it covers (order link in bio, if you're so inclined):
Talent is the world's most precious resource. You might argue for oil or data, but in today's knowledge economy the ability of a company or country to attract high-skilled workers is critical. A quick sample of some data and trends…
First: Migration increases in the level of talent. 5% of college graduates migrate. 10% of inventors migrate. And 31% of @NobelPrize winners have migrated to a new country for their work.
Second: The US has been the enormous beneficiary of this talent flow. Of migrating inventors who filed patents from 2000-2010, a staggering 57% came to the US to do their work.
Third: These inflows have reshaped US innovation in advanced technology sectors. The contribution of immigrants to sectors like computer science and biotech have increased dramatically over the past 40 years.
But the #US' leadership is in peril. Other countries are catching up on demographics alone. By 2030 #China & #India will account for 50% of young college graduates and 60% of young STEM-degree holders. Not long ago, most lived in the #OECD.
And many within America are questioning global talent, be it older tech workers who lose their jobs or the denizens of San Francisco frustrated by rising home prices and inequality.
blog.sfgate.com/stew/2013/12/0…
Instead of meeting the challenge, the US keeps shooting itself in the foot. Our #highskill immigration system is broken and current rhetoric scares others away. I discuss these problems in a recent @thehill op-ed: thehill.com/blogs/congress…
Will the US continue to be the world leader in attracting global talent, or will it squander this gift? How can the gain from global talent flows be better shared? Please have a read and let me know your thoughts!
amzn.to/2vMHQsf

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More from @william_r_kerr

23 Jun
A scary paper for our scary times … Kato and Sparber (commons.colgate.edu/econ_facschol/…) study the reduction in the number of #H1B visas in 2004 on NEW student enrollment into US schools
Before 2004, all foreign students could bank on getting an #H1B visa at graduation ... these guarantees evaporated, however, when the cap reverted 65,000 due to sunset clauses … except that specific agreements exempted students from five countries
What happened? Undergrad enrollments from affected countries dropped by 14% ...

Worse, the very *best* students were esp. apt to go elsewhere: SAT scores of applicants from affected countries declined by 20 pts, on average, or ~1.5%

Declines also for grad students.
Read 7 tweets
3 May 19
And that's a wrap!

The semester is over - our @HarvardHBS MBA course on #ManagingTheFutureOfWork is complete

Thank you to everyone who has followed along & engaged with us along the way

You can find all the classes at the end of this thread. We welcome thoughts & please share!
After a semester of work, students felt both optimistic and pessimistic about the future of work. Exponential growth of technology allows for unimaginable innovation - but linear change in our ability to adapt to that growth means institutions (and people) will be left behind.
Students agreed on principles that would help make this change positive, such as:
-All voices need to be at the table
-Healthy innovation & growth requires private & public sector contributions
-Cementing small wins will ensure positive momentum for larger changes
Read 5 tweets
1 May 19
Our @HarvardHBS MBA course on #ManagingTheFutureOfWork is underway!

I share a few key ideas from each class that sparked conversation.

Class 26 discussed @GTR_link's efforts to attract investment into the rural Mississippi region: hbsp.harvard.edu/product/818089…
MS' Golden Triangle Region holds a rich manufacturing history, but plant shutdowns and job losses hit GTR hard from the 1980s thru early 2000s.

GTR Link's mission is to restore jobs and create growth by attracting new companies (especially in advanced manufacturing).
To do this, GTR first needed to show prospective investors that it had a workforce ready to do high-skill manufacturing work. This was a challenge, and required pushing forward the region's workforce.

GTR Link COO @mkwhitaker on the reskilling that needed to happen:
Read 6 tweets
29 Apr 19
Our @HarvardHBS MBA course on #ManagingTheFutureOfWork is underway!

I share a few key ideas from each class that sparked conversation.

Class 25 analyzed @wgu, an online college & credential provider with big ambitions (#819-093, forthcoming).
With costs spiraling & resulting skills often missing workforce needs, the US education system needs an overhaul. WGU addresses these problems by using online scale to offer lower prices ($6k/yr!) & being flexible enough to build/deploy new competencies quickly for students.
WGU serves >100k students each year and is growing ~ 20% p.a. It has students in all 50 states and has partnerships with community colleges and unions. WGU particularly serves adults with jobs/families and populations historically under-served by 4-year colleges.
Read 6 tweets
25 Apr 19
Our @HarvardHBS MBA course on #ManagingTheFutureOfWork is underway!

I share a few key ideas from each class that sparked conversation.

Class 24 looked at @GetIntoEnergy's work to assess skills gaps in the energy industry & develop pipelines to address them (case #818-081)
CEWD is a non-profit industry consortium born in 2006 to combat emerging industry-wide skills gaps (the "silver tsunami"). It has since developed innovation guides for energy companies to use to develop better talent pipelines and ensure up-to-date skills development.
CEWD's work helps companies reach out to many groups, including veterans and minorities, and reaches deep into the school system - if you don't get them excited while young, it gets much harder later on. Executive Director @arandaz gave some examples:
Read 6 tweets
23 Apr 19
Our @HarvardHBS MBA course on #ManagingTheFutureOfWork is underway!

I share a few key ideas from each class that sparked conversation.

Class 23 covered Jump-Starting America, @baselinescene & @jonathangruber1's plan to renew US cities thru innovation: amazon.com/Jump-Starting-…
Their plan is to invest $100bn into basic R&D in middle America cities to spur breakthrough innovations, attracting talented people and unlocking growth

Research supports the idea, and the authors harken back to the US post-WW2 prosperity when public R&D was much higher.
Should interventions be place-based (as in Jump-Start) or universal (eg, broadband access)? A trade-off exists for likelihood of success vs widespread benefits.

Simon & Jon see place-based as politically feasible, and they propose an Innovation Dividend to spread out the gains.
Read 7 tweets

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