Dec 2, 201311:17 AMOpen Mic
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How to accelerate the economic recovery
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As the U.S. workforce continues to age and birthrates fall below replacement levels in some regions, including Wisconsin, this problem will only get worse.
One solution is immigration reform that allows foreign students to use their high-quality U.S. education for the benefit of U.S. companies. Forcing them to leave due to an inadequate visa program foolishly sends some of the world’s most talented people into the waiting arms of America’s competitors. There is also a need for a similar guest worker program for lesser skilled but nonetheless in-demand foreigners.
Protect and continue state-level reforms: Wisconsin’s transformation from an anti-business to a pro-business state is impressive but incomplete. More reforms are needed, including harmonizing the state and federal versions of the Family Medical Leave Act. Currently, Wisconsin businesses have to comply with both laws, which is unnecessarily costly, confusing, and burdensome.
Wisconsin’s economic destiny is tied to the national and global economies, but that isn’t an excuse to take our foot off the reform accelerator.
Kurt Bauer is the president and CEO of Wisconsin Manufacturers & Commerce.