re: Senator Wants 55,000 Green Cards For Tech Grads
The H1B visa program has already destroyed the American middle class.
It's really a simple case of supply and demand. Consider an analogy. Consider, for example, what would happen if H1B were applied to plumbers instead of engineers.
Pick any city, let's say, Denver, Colorado. Now, bring in 100 busloads of freshly graduated plumbers (4,000 new plumbers), who want to enter into the plumbing business in Denver, and make a living.
The result? Wage rates for plumbers will become depressed. The existing 960 plumbers in Denver, once busy every day, and making a good living, will now have much less work, or no work at all.
Who can compete with improverished hordes of plumbers from India who will work for any price. India has 1.17 BILLION people, and many of them are coming here, flooding our labor markets.
The H1B visa law was created, written and lobbied for by large American corporations as a means for decreasing their engineering labor costs. Indeed their corporate profits have zoomed up, up, up -- while the wage rates paid to their American engineers have gone down, down, down.
This is what the H1B visa has done to the American engineering profession. H1B brings busloads of foreign engineers to America, thus driving down wages, closing American engineering schools, and discouraging American kids from majoring in engineering.