By Alan Cole,Tayfun Co

Copyright thedispatch

From a policy perspective, the U.S. should be sure not to squander its advantages. For example, if President Donald Trump’s new plan to make H-1B visas more expensive or other immigration restrictions make working in America difficult even for talented entrepreneurs, our nation could lose its ability to attract skilled immigrants. Continuing to view trade as beneficial is also important; leaving some work to other countries is critical to our specialization in more remunerative areas. Some of our advantages come from trading high-value corporate services–such as the streaming rights to professional sports–for imports of lower-value goods, but the administration’s attitude towards low-value goods imports is misguided. And some of our advantage comes from allowing our corporations to spread globally. To fear global expansion, or seek to punish it, as GOP Sen. Bernie Moreno of Ohio does in recently introduced legislation that would penalize outsourcing, is the wrong idea. When the U.S. wins in global business, it needs to hire workers abroad, people whose skills and roles are complementary to U.S.-based roles.