American companies now have the option to hire the freshly proposed ‘gold card’ Indian graduates from US universities, former US President Donald Trump announced on Wednesday. It is expected to serve the interests of Indian students desirous of studying in the US through higher education significantly.
The ‘gold card’ opportunity offered by Trump was a means of citizenship in the US for wealthy foreign investors ready to commit money of up to $5 million. But he also connected the initiative with the provision of jobs for highly qualified graduates. Trump also gave confidence that the gold cards would ‘sell like crazy’ when he spoke at his first Cabinet meeting.
To explain the motive behind the effort, Trump stated that a lot of international students, such as those from India, China, and Japan, go to highly regarded institutions like Harvard, Yale, and Wharton School of Finance. Although they have been brilliant in schools, they frequently encounter visa obstacles to getting a US job. Trump said, “They graduate at the top of their class and get jobs, and then because they are in the country but their status is uncertain, their job offer is rescinded.”
This issue prompted Trump to come up with a gold card system where companies can buy gold to use for recruitment. “I want these graduates to stay and make of this country. The C companies can buy a gold card which may be used for hiring.” He explained at the same time the funds from these purchases will help pay down national debt.
Beyond employment implications, Trump also stated that there will be widespread corporate interest in how to use the gold card system, whereby implication is more than employment. He jokingly asked them if they liked the plan when they asked about it. Given that, the initiative is expected to have a major impact on the job market and immigration policies, especially for talented Indian professionals.
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