BTME January 2022

Page 38

U. S . I M M I G R AT I O N

Accessibility to the American Dream foreign nationals from around the world can immigrate in pursuit of a better life. The resiliency of America has been tested in the past during dark times as they pushed through World Wars to emerge as the pre-eminent superpower. The position of the United States as the world’s dominant power is likely to continue due to the size of its wealth, the U.S. economy’s efficiency, its military capabilities, and its presence and influence around the world. A significant indicator of the health of the U.S. economy is the declining unemployment rate and the speed with which the U.S. labour market recovered after the Q1 2020 decline due to the pandemic. According to a report published by the Bureau of Labor Statistics of the U.S. Department of Labor, the unemployment rate fell by 0.4 per cent to 4.2 per cent in November 2021. The number of unemployed persons fell to 6.9 million, which is a considerable improvement compared to the 22 million in April 2020. The decrease in unemployment rate is attributable to the American work ethic, the educated base of the U.S. population, and access to modern medicines that made it possible for the country to bounce back economically.

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AN INNOVATION LEADER

An attainable immigration journey for residents of the Middle East to the United States

T

he prominent term the ‘American Dream’ was first coined in 1931 and has been widely used for the past nine decades to convey a message of hope for all Americans, especially those that are new immigrants to the United States. The American Dream entails access to quality higher education, to innovative healthcare, and to a high standard of living. It is the promise that any immigrant, no matter their nationality or their socioeconomic background, can prosper in the land of opportunity, through hard work and perseverance, that has for so long kept up the demand for access to America. Holding the record for having the highest number of immigrants, the United States has, for decades, stood the test of time as one of the best countries to which

JANUARY 2022

ABOVE: The U.S. promises immigrants the ‘American Dream’

As can be seen from the resiliency of the U.S. labour market during the pandemic, the concept of the American Dream will persevere through challenging times. The United States is the world’s leader in innovation and technology. The largest technology companies in the world, such as Google, Apple, Meta (formerly known as Facebook), and Microsoft, were started in and have their headquarters in the United States. Located in Northern California, Silicon Valley is famously known as the innovation hub of the world. The venture capital financing model for start-ups of Silicon Valley has been used globally to foster high-tech innovation. As the number-one most technologically advance country in the world, the American Dream will continue to attract young and intelligent talent from around the globe looking to foster their own American dream. If California were a sovereign nation, it would rank as the world’s fifth largest economy, ahead of the entire country of India, ahead of the United Kingdom and just behind Germany. This technological utopia remains the pre-eminent destination for opportunity.


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