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Large technology companies in particular like Microsoft and Autodesk are pushing Congress to up the number of H-1B visas available each year

The U.S. government announced this week that work permits in the H-1B visa program are almost entirely depleted for 2013.

According to the United States Immigration and Citizenship Services (USCIS), 55,600 standard H-1B visas have already been issued out of 65,000 for the next fiscal year. In addition, 18,700 H-1B visas for graduates of advanced degree programs were issued in the U.S. out of 20,000. These numbers were posted as of June 1, and USCIS started accepting applications on April 1.

This is a significant increase, considering it took until November to use up all of last year's work permits. It is believed that this is a sign of better economic times, and U.S. companies are pushing for an expansion of the H-1B program.

Large technology companies in particular like Microsoft and Autodesk are pushing Congress to up the number of H-1B visas available each year. This would allow them and other companies in the U.S. to import workers with skills in technology and finance.

According to a study from Partnership for A New American Economy, which is an industry lobby group, the U.S. will have a shortage of 224,000 tech workers by 2018 if more visas are not made available.

The 2013 fiscal year begins October 1, 2012.

Source: InformationWeek

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RE: Abuse
By fic2 on 6/12/2012 8:47:04 PM , Rating: 4
Here is an '07 article about H1-B from Information Week. I am sure most of it is still true.
From the aritcle:
But Norman Matloff, a professor of computer science at the University of California at Davis who has studied the H-1B issue, sees the visa fundamentally as a way to hire cheaper foreigners or to avoid hiring older U.S. workers seen as more expensive. "This is about cheap labor, period," says Matloff. "H-1Bs are being exploited, even as U.S. workers are being displaced."

Just because companies report what they want you to think doesn't mean that it is true. Also, WSJ, Bloomberg, Forbes, FT, etc are all business papers/magazines and report what businesses tell them. I would be more apt to believe a tech journal.

Maybe a good way to allocate the H1-B visas is by income tax percentage a company pays. A company that jumps through hoops trying to lower their income tax percentage would be eligible for a lower number of visas.

RE: Abuse
By Ringold on 6/14/2012 5:47:59 PM , Rating: 2
A professor of computer science, that sounds like an unbiased source.

Anyway, you don't understand how some of these companies work. They'd take what they could get, young or old, if they could. They'd rather pay higher wages and deal with whatever issues come with having an older employee (like slightly dated skills, being a fast moving industry), then to leave a job empty. That can hurt growth and potential profit more then extra wages. There's cases in the news of entire factories trying to open but having to scrap their plans for a whole facility due to only being able to source maybe 1/3 the labor they need in various parts of the country. Sounds like left-wing spin that'd lead you to believe some crazy notion that a company would pass up the opportunity to expand and make more money just to avoid older workers and slightly higher compensation (especially if you knew labor was, for some products, just a small part of overall costs, especially manufacturing).

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