The Reverse Brain Drain

Rohan Poojara argues that high-skilled immigration policy needs to be addressed now. His suggestions for immediate reform include "an auction process in which the government sells permits to employers to hire foreign workers": 

Revenues raised from the auctions will allow the government to compensate any parties for costs imposed by this freer immigration policy. To prevent abuse, workers will not be tied to a particular employer and will have a clear path to citizenship that should be an incentive for them to invest their savings in the U.S. instead of back home. While there is no such wide-ranging immigration reform bill currently making the rounds in Congress, the "Stopping Trained in America Ph.D.s from leaving the Economy" (S.T.A.P.L.E.) Act, sponsored by Rep. Jeff Flake (R-Ariz.) has bipartisan support and is a step in the right direction. It would remove the numerical cap on H-1B visas and employer-sponsored green cards for foreign Ph.D. students who graduate from American universities in the sciences, technology, engineering, or mathematics.

He follows up here (in response to Mark Krikorian's knee-jerking).