[hana-code-insert name=’INSIDE BLOG POSTS’ /]The U.S. Economy is in need of Highly Skilled Foreign Workers: Arbitrary Caps on H-1B Visas is yet to meet this need
Persistently high unemployment rates over the past few years raises questions concerning the need for highly skilled foreign workers who come to the United States on H-1B temporary visas.
Currently, the demand for H-1B workers exceeds the current cap of 65,000 new H-1B visas that can be issued each year.
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Actually, from fiscal year 1997 to 2011, this quota was exhausted by employers before the end of the fiscal year (excluding 2001 to 2003, when the H-1B Visa ceiling was temporarily increased to 195,000 visas a year). Several studies shows that companies employing highly skilled foreign workers with abilities and talents that complement that of native-born workers do create new employment opportunities for American workers. Yet the arbitrary numerical limits placed on H-1Bs are incapable of responding to the changing demand for H-1B workers.
This is unfortunate, given that the international competitiveness of the U.S. economy will continue to depend heavily on the contributions of H-1B professionals and other high-skilled workers from abroad for many decades to come.
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