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by FooBarJmp
3352 days ago
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Let's examine your math. So this year there were 86,000 visas for 2017 that last for 3 years. So that means by 2020, if the visa limit stays at 86,000, there will be 258,000 H1Bs, of course this assumes that H1Bs were created in 2017, we are ignoring all those that came before. Let's NOT ignore those and look at the below link - http://insights.dice.com/2013/05/14/how-nearly-800000-h-1b-w... Yes, in 2013, it was 775,957. So by now, let's say it's closer to 1.2 million. That's a third of all software developers in the USA. So Yes! This is exactly the reason that American wages are depressed in the job markets that H1Bs work in. |
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Every country has its exports, lets say for a moment that India's export is IT services, and the market is global. The work visas allow them to "sell" into the US market, in a very limited way. Its as good as it gets in terms of protectionism for the US. If we were told J&J could only sell 100 shampoos each year in China or India, that would sound weird and bizarre. I don't believe IT services any different in principle. Its just that when you purchase an iPhone the hundred Chinese employees who worked to produce it are not seen. But they have technically displaced/depressed American wages just like every other import.