re: IT Talent Shortage Or Purple Squirrel Hunt?
The record high set this week by the Dow Jones Industrial Average means that Most Corporations And Their Largest Stockholders are doing well: it speaks nothing of the employment opportunities for American IT professionals and for other American workers. The assumption that the stock market is a leading indicator of U.S. employment trends is an outdated assumption.
The solution to fixing the H-1B visa is not to fix it at all but rather to replace it with an auction-based system backed up with workplace enforcement and E-Verify. The Programmers Guild has advocated this type of thing in the past. The Hamilton Project is advocating this kind of thing now. The Hamilton Project is a policy organization that includes the following members among many others:
Robert E. Rubin, Former U.S. Treasury Secretary
Richard Gephardt, former Congressman
Laura Tyson, the President's National Economic Adviser (1995 GÇô 1996)
Eric Schmidt, Executive Chairman, Google Inc.
Very recent paper:
"Overhauling the Temporary Work Visa System"
"The proposed system uses market-based auctions to allocate temporary permits that allow employers to hire foreign workers. An employer who purchases a permit effectively purchases the right to hire a foreign worker for a specified period. The foreign worker selected for that job, in turn, receives a temporary worker visa after passing a background check, and will be fully mobile across employers who own permits. The employer can resell the permit in a secondary market if the foreign worker leaves that job. These auctions would first be implemented to replace the current H-1B, H-2A, and H-2B visa programs, and would ultimately replace most of the current temporary employment-based immigration system. To succeed, the auctions need to be accompanied by increased workplace enforcement, such as mandating that all employers use E-Verify."