In Blow to Tech Industry, Trump Shelves Startup Immigrant Rule
The US skills based immigration system is based on bringing in indentured labor to enrich corporations.L-1 visa holders _cannot_ change jobs.
H-1B visa holders have to go through an expensive and cumbersome process to change jobs which effectively restricts their job mobility.Obviously, outside super-hot job markets like silicon valley, US workers have a hard time competing with indentured labor.This visa would have created brand new class of "entrepreneur" indentured to deep-pocketed VC firms. They would actually be worse off than H-1B and L-1 workers because - not only would they be beholden to the VC firms for funding (thereby their jobs) in the United States - but they would have to part with their ideas.No nativist here - just saying how things are working on the ground once you shave off the corporate propaganda.