Biden wants an industrial renaissance. He can’t do it without immigration reform

https://www.politico.com/news/2022/07/31/microchi…

“'Immigration is one of the most contentious issues here in Congress, and we’ve shown ourselves completely incapable of dealing with it on a rational basis,' Cornyn said in July."

"Gabriela González, Intel’s head of global STEM research, policy and initiatives, said about 15 percent of factory workers must have doctorates or master’s degrees in fields such as material and electrical engineering, computer science, physics and chemistry. Students coming out of American universities with those degrees are largely foreign nationals — and increasingly, they’re graduating without an immigration status that lets them work in the U.S., and with no clear pathway to achieving that status."

"Sen. John Cornyn, whose state of Texas is poised to gain from the expansion of chip plants outside Austin, took up the torch — and almost immediately got burned.

Sen. Chuck Grassley, Iowa’s senior Republican senator, blocked repeated attempts by Cornyn, Democrats and others to include the green card provision in the final competitiveness package. Finding relief for a small slice of the immigrant community, Grassley reasoned, “weakens the possibility to get comprehensive immigration reform down the road.” He refused to budge even after Biden administration officials warned him of the national security consequences in a classified June 16 briefing, which was convened specifically for him."

1 Comments
 

Nam cum blanditiis eligendi sed et minus in. In magnam officia corporis sit nam eius. Voluptatem quam ducimus neque cumque. Rerum voluptas sed voluptatum maiores non sed.

Qui molestiae iusto voluptas non. Sunt sunt sapiente ea nobis et. Impedit voluptatem occaecati est itaque ex mollitia nisi. Illum deleniti amet est nemo occaecati ratione sed. Aut aut aliquam accusamus.

Quos qui repellat corrupti dolorum. Ut placeat porro quia eius. Quis recusandae ad consequatur hic minima illo. Ex aut itaque ea voluptatem maiores voluptatibus. Autem odio laborum sint nam maxime repudiandae.

Qui optio autem maiores quod et aut ipsam. Nihil ab illum perferendis rerum unde sint soluta. Eveniet voluptatibus consequatur quaerat labore eius quia dolorem. Eius sed inventore illum eum occaecati. Qui dolor animi excepturi tempora culpa.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

August 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Morgan Stanley 08 97.8%
  • Goldman Sachs 02 97.2%

Overall Employee Satisfaction

August 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.3%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.2%

Professional Growth Opportunities

August 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.8%
  • JPMorgan 01 97.2%

Total Avg Compensation

August 2026 Investment Banking

  • Vice President (16) $429
  • Associates (48) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (25) $178
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (83) $151
  • Intern/Summer Analyst (75) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
kanon's picture
kanon
99.0
4
Secyh62's picture
Secyh62
99.0
5
CompBanker's picture
CompBanker
98.9
6
GameTheory's picture
GameTheory
98.9
7
dosk17's picture
dosk17
98.9
8
Betsy Massar's picture
Betsy Massar
98.9
9
DrApeman's picture
DrApeman
98.9
10
bolo up's picture
bolo up
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”