(CNN) -- The prospects for immigration reform just got a lot brighter. Eight leading senators, four Republicans and four Democrats, came together to announce on Monday their agreement on broad principles to modernize our immigration laws, which have been largely unchanged since 1965. Since then, the world has changed dramatically and globalized markets have revolutionized our economy. But our antiquated immigration laws are still designed for an economy that existed when people were watching black and white TV. As China offers generous stipends, access to prestigious incubators, honorary titles and other benefits to lure home the scientists and engineers who come to America to study, we turn these innovators away.
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John Feinblatt: U.S. immigration system hasn't been updated since black and white TV
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Feinblatt: Today our economy is competing on a global scale for the best and brightest
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He says other nations offer incentives; we make it hard for workers to get in
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U.S. can't fill STEM jobs, he says. We need to lure workers and entrepreneurs
@placeholder became the world's most dynamic and powerful economy by opening our doors to all those seeking freedom and opportunity.