The new research finding by the National Foundation for American Policy is that hiring H-1B visa holders can bring higher growth in earnings for US workers.
The finding says that the curbs implemented on the US immigration visa will trigger the offshoring of jobs. This will go against the hopes of filling the job vacancies with local workers.
Another study was done by the non-profit, non-partisan public policy research firm. It observed that there was a decline of 2.8% in unemployment in the computer jobs category, while overall unemployment increased. These tech jobs having more skilled foreign workers could have been the reason for this.
With the kind of ban on non-immigrant work visas like H-1B by the Trump administration, the US seems to be running a risk. It could lose more work from the country in favor of other countries. This was broadly what NFAP Executive Director Stuart Anderson observed.
The first study was based on the visa data from 2015 to 2018. It found that with an increase in H-1B holders at work in the USA in a particular occupation, the unemployment in that occupation reduces significantly. This stabilizes the economy in that sector.
Also, it will, in turn, lead to speedier growth in the earnings from that category of occupation.
Allowing H-1B workers will avoid the creation of the void that forms when the employers cannot find competent native workers for a job.
There was yet another study on unemployment rates by NFAP. That study found that the rate of unemployment in computer occupations reduced from 3% in January 2020 to 2.8% in April 2020. This was In contrast with other job sectors where joblessness went up from 4.1% to 15%.
The reason again was the larger presence of H-1B foreign workers in computer occupations. When it comes to tech skills, the demand is still pretty high in the US.
These data should be a point of reconsideration on any decision of the current government to cast out foreign skilled workers. Such a move won’t benefit American citizens as expected.
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