With the total expenses of over $2bn (as statistics provided by the Centre for Responsive Politics (CRP)), the recent US presidential election eventually came to an end with Barack Obama’s victory as the US president for his second-term. It is the first time that major business giants offered monetary support to the political campaigns through the PAC’s (Political Action Committees).
The latest data revealed that the US tech firms were far ahead of others in providing financial supports and offered $ 7.1m to Obama led Democratic Party for the recent electoral campaign. Their intentions were clear that Obama will cater their needs and make them prosperous in future, as unveiled by a New York based tech baron, Seth Bannon.
“I think Obama understands our needs better as many times they talk about business and entrepreneurs,” he said.
Now wait is over and Obama is once again sworn as the US president, and tech firm will be quite anxious to hear about reformation of the country’s skilled migration system. Other IT baron, Andrew Rasiej, chairman of NY Tech Meetup, said, “Though he has not fulfilled our certain expectations, still he is the best and leaning toward our important policies and goals.”
Obama promised to provide 10,000 science and math teachers to serve the needs of NY Tech Meetup by sending a letter and also assured to recruit 2m local people with required skills to work in IT companies.
The US however witnesses a huge shortage of skilled professionals and even if science teachers are brought tomorrow, it will not cater the needs of IT professionals for a decade.
Seth Bannon, founder of Amicus, stated that he is not able to find the talented software professionals, although he is ready to offer attractive remunerations and other benefits. He also continued that hiring overseas professionals is certainly not easy for them as they find it hard to obtain visas to stay and work in the United States of America.
Before the presidential election, both parties gave some hopes in terms of revising the skilled visa and increasing the number of skilled worker visa to allow more professionals, but it was not fulfilled.
The Republicans took a stand of introducing the STEM (Science, Technology, Engineering and Mathematics) Job acts to grant nearly 55,000 overseas graduates from the US universities having degree in STEM subjects to apply for the US Green Cards.
The Democrats meanwhile are not in favor of such step as it advocates for abolishing the US Green Card Lottery system. Quite the contrary, they took other measure of welcoming tech graduates by granting them two-year work visas, but it was strongly opposed by the Republicans and they chose to vote against it! Democrat’s victory gave some kinds of hopes to the tech industries as they have great beliefs that Obama will let them see several major changes.
