Bill Gates: Skilled foreign minds needed in U.S. or competitive advantage might be lost

Before a U.S. Sentate panel on March 7th Bill Gates competitive advantage is being threatened by U.S. immigration laws. Gates wants to lift the U.S. restriction of temporary H-1B visas, which allows foreign workers with at least a bachelor's degree to work in the U.S. from 65,000 a year.

'We are failing to live up to our obligation to make the investments needed to make sure that the U.S. remains competitive in the future,' Gates told the Senate Health, Education, Labor and Pension Committee. 'Our economic future is in peril.'

Gates said the United States should strengthen math, technology and science education so the nation can double the number of graduates in those areas by 2015.

See the whole story at the financial times here.

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