The Donald Trump Gold Card Program – US firms can buy “Gold card” to hire Indians graduates said by donald Trump (The ‘gold card’ visa idea) which permits American companies to hire skilled graduates from nations like China and India, has given US President Donald Trump hope. According to him, the $5 million charge will support the creation of jobs in the US and the retention of productive people.
On Wednesday, US President Donald Trump voiced excitement about his new “gold card” US immigration program, stating that American companies can purchase it to attract skilled graduates from China, Japan, India, and other nations.
Trump referred to the US gold card as a “bargain” for American companies looking to retain bright grads and expressed the expectation that it will “sell like crazy.”
Gold Card Program- Donald Trump on American companies’ failure to recruit skilled workers from China, Japan, and India :
“A person comes from India, China, Japan — lots of different places and they go to Harvard, the Wharton School of Finance, they go to Yale they go to all great schools and they graduate number one in their class and they made job offers, but the offers immediately rescinded because you have no idea whether or not that person can stay in the country,” Donald Trump said on Wednesday. He also highlighted the plight of American firms while hiring foreign candidates.
Gold Card Program – Addressing Talent Retention Challenges :
Historically, the U.S. immigration system has posed challenges for international graduates seeking employment. Many students from countries like India, after excelling at elite U.S. universities, have faced uncertainties regarding their ability to remain in the country post-graduation. This often results in rescinded job offers and a subsequent “brain drain,” where these talented individuals return to their home countries to establish successful enterprises. President Trump highlighted this issue, noting that graduates who are forced to leave the U.S. often become billionaires abroad, creating jobs and contributing to foreign economies.
Gold Card Program – The immigration system has not been adequately funded :
Donald Trump claimed that the immigration system has not been adequately funded or managed while bemoaning the situation of businesses looking to hire bright non-American students.
He said that the “gold card” system, which allows businesses to purchase it in order to hire non-American graduates, including those from India, will solve the problem. According to ANI, he emphasized that the $5 million fee would assist America in keeping “productive” workers.
“We want people who are productive people, and I will tell you, the people who can pay USD 5 million, they’re going to create jobs,” he said.
Trump added that if a business is in the US, it does not have to pay any tariffs, and those operating outside would have to pay those.
Gold Card Program – Economic and Corporate Benefits
The introduction of the Gold Card is anticipated to have multifaceted benefits of Gold Card Program :
- Economic Growth: Infusions of $5 million per Gold Card will directly contribute to the U.S. economy, with potential plans to utilize these funds to reduce national debt. newupdate24.in
- Corporate Advantage: Companies gain a competitive edge in recruiting global talent without navigating the complexities of traditional visa programs.
- Job Creation: Investments associated with the Gold Card are expected to stimulate job creation and innovation within the U.S.
Gold Card Program – The Donald Trump Gold Card Program :
Donald Trump declared his intention to implement a “gold card” system, which is seen as a more exclusive form of the green card, on Tuesday. By paying a $5 million charge, non-American investors will have the ability to get permanent residence through the “gold card.” In place of the current EB-5 visa for investors, the “gold card” system will be introduced.
Gold Card Program – Critiques and Considerations :
While The Gold Card initiative offers promising solutions, it has garnered criticism. Some view it as a commodification of citizenship, accessible primarily to the affluent. Additionally, questions arise regarding the feasibility for companies to invest $5 million per employee, especially for startups and smaller enterprises. Immigration experts also debate the necessity of congressional approval for such a program, suggesting potential legal and legislative hurdles ahead.
Gold Card Program – Conclusion :
President Trump’s Gold Card initiative marks a bold attempt to reform U.S. immigration policy, aiming to retain exceptional international talent and stimulate economic growth. For Indian graduates and U.S. companies alike, this program could redefine recruitment and employment landscapes, fostering a more inclusive and dynamic workforce. As the program’s details unfold, its long-term impact on the U.S. economy and global talent acquisition will be closely monitored.