How H-1B applications benefit american workers
Well, this article from InfoWorld goes against the conventional wisdom of what I tend to hear around the proverbial water cooler these days.
Check it out…
U.S. companies that apply for controversial H-1B visas create additional jobs beyond the positions filled by foreign workers, according to a study released Monday by a pro-immigration think tank.
For every H-1B position requested, tech companies listed on the S&P 500 stock index increased their employment by five workers in an analysis of 2002 to 2005, according to a study by the National Foundation for American Policy (NFAP). For tech firms with fewer than 5,000 employees, each H-1B request corresponded with an average increase of 7.5 workers, the group said.
Read: Study: H-1Bs go with job creation
Here are a few keyfindings from that report:
- For technology firms with fewer than 5,000 employees, each H-1B position requested in labor condition applications was associated with an increase of employment of 7.5 workers. This is particularly remarkable since the actual number of individuals hired on H-1B visas is likely to be much lower than the total number of applications filed with the Department of Labor.
- The research found that even if increased hiring of both H-1Bs and other workers are both influenced primarily by business opportunities specific to the firm it would still mean new H-1B professionals are complementing other U.S. hires, rather than displacing them, as critics allege.
- If the proposition was true that companies hire H-1B professionals because they’re cheaper, then when businesses hit hard times they should hire more H-1Bs to save money. However, the analysis shows that, overall, H-1B filings at U.S. technologies declined when companies hit hard times, undermining the perennial assertion that H-1Bs are hired as “cheap labor.”
Very interesting reading…
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