"As global leaders disperse from the World Economic Forum, LinkedIn cofounder and tech investor Reid Hoffman breaks down the biggest challenges and opportunities facing business today-from political headwinds tied to immigration and geopolitics to why fears of a tech bubble aren't shaping his investing. A self-proclaimed optimist, Hoffman urges today's business leaders to speak up and use their voices to help society "steer toward the good futures.""
"One of the biggest drivers of U.S. tech leadership has been attracting talent from outside the U.S. ... Immigration policies have tightened up. The outside pipeline has basically been cut off. Are we going to start to see any implications from that this year? Well, I think we already are. A huge amount of the technology advantages the U.S. has had is because of Indian and Chinese talent that's come over."
Immigration restrictions and geopolitical frictions are interrupting the international talent pipeline that underpinned U.S. technology advantages. Indian and Chinese engineers who previously boosted U.S. innovation are increasingly staying in home countries or relocating to Canada and Europe. The loss of immigrant founders and employees reduces demand for local services, manufacturing purchases, hotel stays, and broader economic activity tied to new companies. Curtailing talent inflows shifts entrepreneurial activity and economic benefits abroad. Political rhetoric and policy choices that discourage foreign investment and data center deployment risk undermining long-term competitiveness. Business leaders are encouraged to speak up and use their influence to help steer society toward constructive, forward-looking outcomes.
Read at Fast Company
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