The Trump administration's move to restrict visas for foreign-born workers is pushing the U.S. closer to a "skills cliff" — where companies struggle to hire talent and may even start offshoring parts of their business.
Why it matters: Add H-1Bs to a laundry list of issues dragging down the supply of skilled workers in the U.S., posing long-term problems for the economy and employers.
The big picture: There are two main forces at work here: • The crackdown on immigration broadly reducing labor supply. • An aging population and a shrinking native-born workforce.
Zoom out: The White House argues that cutting back on H-1B visas and immigration is a way of "protecting American jobs." U.S. firms will have to hire citizens. • But there aren't a lot of workers just sitting around on the s