LayoffBlog.com

April 1, 2009

Companies requesting 100 or more H-1B visas in FY 2008

Filed under: FYI,H1B — 7macaw @ 6:42 pm
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The Wall Street Journal today has an interesting article regarding the number of H-1B workers in the US.

There’s also a list of companies who had 100 or more H-1B petitions approved in fiscal year 2008. Indian consulting companies appear to get most of the visas.

March 18, 2009

Immigrants Can Help Fix the Housing Bubble

Filed under: economy,FYI,Government,H1B,housing,US — 7macaw @ 10:09 am
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An article in the Wall Street Journal suggests that, “The Obama administration should seriously consider granting resident status to foreigners who buy surplus houses in this country.”

In order to reduce the excess inventory of houses, it is suggested to “offer permanent residence status to the many foreigners who are clamoring to get into the U.S. — if they buy houses of minimal values (not shacks). They wouldn’t need to live in those houses, but in order to remove the unit from the total housing market, they couldn’t rent them.”

According to the article, “Each year, 85,000 H-1B visas are granted for foreigners with advanced skills and education, and last year, 163,000 petitions were filed in the first five days after applications were accepted. The Ewing Marion Kauffman Foundation estimates that as of Sept. 30, 2006, 500,040 residents of the U.S. and 59,915 individuals living abroad were waiting for employment-based visas. Many would buy homes if their immigration conditions were settled.

These people tend to be highly productive. In 2006, foreign nationals residing in the U.S. were listed as inventors on 25.6% of the patent applications filed in the U.S., up from 7.6% in 1998. A Council of Graduate Schools survey found that in the fall of 2007, 241,095 non-U.S. citizens were enrolled in graduate programs. Some 55% were in engineering and the biological and physical sciences, compared with only 16% of U.S. citizens. In 2007, more people on temporary visas received doctorates in physical sciences and engineering than U.S. citizens.

March 11, 2009

It’s a Terrible Time to Reject Skilled Workers

Filed under: FYI,US — 7macaw @ 8:32 pm
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There was an interesting article in today’s Wall Street Journal:

Thanks to the Employ American Workers Act (EAWA) it’s become harder for companies getting government support to hire skilled immigrants with H-1B visas.

Supporters say the law will help U.S.-born workers and stimulate our economy, but this is just wrong. The economy is not of fixed size, in which more foreign-born workers necessarily mean fewer U.S. workers. Productive foreign-born workers can help create more jobs here. Keeping them out damages us.

There is also indirect, unforeseen damage that’s beginning to appear in higher education. According to the National Science Foundation, 42% of Ph. D. science and engineering workers in the U.S. today are foreign born..

And where will all these foreign-born students go? To countries whose leaders recognize their job-creation potential and shape policy accordingly. For example, current British immigration policy welcomes an unlimited supply of the world’s best and brightest business minds.

February 23, 2009

Stimulus package sets H-1B limits, leaves out E-Verify mandate

A provision requiring banks receiving federal bailout funds to give hiring priority to U.S. workers over foreigners with H-1B visas made it into the final version of the economic stimulus bill that President Barack Obama signed last week.

But House and Senate negotiators dropped a separate proposal that would have forced all employers benefiting from stimulus money to use the government’s Web-based E-Verify system to vet the employment status of their workers.

Source: ComputerWorld

February 16, 2009

Report finds fraud in 20% of H-1B applications

Filed under: H1B,US — 7macaw @ 9:40 am
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Federal investigators discovered fraud in more than 20 percent of applications they examined in which employers were requesting H-1B visas to hire foreign professionals in the U.S., a finding they called a “significant vulnerability.”

In a report released late last year, U.S. Citizenship and Immigration Service cited one especially egregious case in which an employer petitioned for a business-development analyst position but later told investigators the worker would be doing laundry and maintaining washing machines.

Source: The Seattle Times

February 5, 2009

Senate bill would bar H-1B hiring at firms receiving bailout money

According to ComputerWorld: “Financial services firms that receive federal bailout money will be prohibited from hiring H-1B workers if legislation introduced last night in the U.S. Senate wins adoption. The bill would bar any recipient of the Troubled Assets Relief Program (TARP), the program being used by the government to purchase some $700 billion of bad mortgage assets, from hiring anyone on an H-1B visa.”

~ News submitted by Kirk R.

February 3, 2009

H-1B, offshoring supporters get key Obama Administration posts

Filed under: FYI,US — 7macaw @ 5:53 pm
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President Barack Obama has filled some of his top White House posts with people who not only support expanding the H-1B visa program, but also see offshore outsourcing as a plus for the U.S. economy. That group includes the president’s new pick to run the Commerce Department, Sen. Judd Gregg (R-N.H.).

But another one of Obama’s choices, Diana Farrell, may be just as important in shaping White House policy. The former director of the McKinsey Global Institute, McKinsey & Co.’s economics research arm, Farrell has been tapped to serve on the National Economic Council and as deputy economic adviser to the president.

McKinsey, a management consulting firm, has published research that argues that offshore outsourcing to low-wage countries brings “substantial benefits” to the U.S. Its studies and reports have been cited by the tech industry in support of the H-1B visa program.

Source: Computerworld

February 1, 2009

AP Investigation: Banks sought foreign workers

According to AP Investigation: “Banks collecting billions of dollars in federal bailout money sought government permission to bring thousands of foreign workers to the U.S. for high-paying jobs, according to an Associated Press review of visa applications.”

The dozen banks receiving the biggest rescue packages, totaling more than $150 billion, requested visas for more than 21,800 foreign workers over the past six years for positions that included senior vice presidents, corporate lawyers, junior investment analysts and human resources specialists. The average annual salary for those jobs was $90,721, nearly twice the median income for all American households.”

It is unclear how many foreign workers the banks actually hired; the government does not release those details. The actual number is likely a fraction of the 21,800 foreign workers the banks sought to hire because the government limits the number of visas it grants to 85,000 each year among all U.S. employers.”

“During the last three months of 2008, the largest banks that received taxpayer loans announced more than 100,000 layoffs. The number of foreign workers included among those laid off is unknown.”

Source: Yahoo Finance

~News submitted by Ben

November 21, 2008

Report: Obama gives peek into H-1B policy

Filed under: FYI,H1B,IT,software,Technology,US — DF @ 8:38 pm
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According to EETimes: ” SAN JOSE, Calif. — If President-elect Barack Obama appoints Arizona Gov. Janet Napolitano to head the Department of Homeland Security, the move would have significant implications on the incoming administration’s policy on H-1B visas, according to a report.

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