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Demand for the visas far exceeds the 85,000 cap, meaning that the government has to ration them to firms by lottery. Indian outsourcing firms like Tata Consultancy Services (TCS), which provides low-cost back-office services, are now the biggest employers of H-1B workers. Analysing data compiled by Théo Négri of jobsintech.io, The Economist found that between 2012 and 2015 the three biggest Indian outsourcing firms—TCS, Wipro and Infosys—submitted over 150,000 visa applications for positions that paid a median salary of $69,500. In contrast, America's five biggest tech firms—Apple, Amazon, Facebook, Google and Microsoft—submitted just 31,000 applications, and proposed to pay their workers a median salary of $117,000.
The Economist reassures us that, "Given that the unemployment rate for college graduates sits at 2.5%, it is fair to say that most native workers displaced by H-1Bs land on their feet."
(Score: 4, Insightful) by urza9814 on Friday April 21 2017, @02:01PM
Yup. Standard tactic used by most colleges. They'll claim *everyone* gets a job after graduation; what they DON'T tell you is how many of those "jobs" are just flipping burgers at McDonald's. The numbers you actually want to look at is how many find a job *in their chosen field*. I bet that number is significantly lower.
And there's absolutely now way in hell that the writers and editors at The Economist don't know this; it seems they have an interest in downplaying the unemployment problem...