Final answer:
The 'talent gap' describes the expected shortage of qualified workers in the US, which could be addressed by immigration reform to allow more skilled labor, although this may affect the average wages of highly skilled workers.
Step-by-step explanation:
The talent gap refers to the anticipated shortage of over 12 million qualified workers in American companies over the next decade. This scenario underscores the importance of immigration reform to increase the supply of highly skilled labor in the United States.
With the increasing demand for skilled workers, immigration reform could alleviate the skills shortage by enabling a larger pool of qualified individuals to enter the workforce. However, it's important to consider the potential impact on average wages for highly skilled workers, as an increased supply of labor could lead to wage adjustments.