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New Data On H-1B Visas Prove That IT Outsourcers Hire a Lot But Pay Very Little (qz.com)
New submitter FerociousFerret shares a report from Quartz: Hard numbers have been released by the U.S. government agency that screens visas for high-skilled foreign workers, and they are not pretty. Data made available by the U.S. Citizenship and Immigration Services (USCIS) for the first time show that the widely made complaint about the visa program is true: a small number of IT outsourcing companies get a disproportionately high number of H-1B visas and pay below-average wages to their workers. The new data also gives a more accurate picture of salaries of H-1B workers by employer. The top IT outsourcing companies on average paid much lower salaries to their workers. The wage divide is largely a result of different education requirements of H-1B positions. H-1B visas are issued to workers with specialized skills which generally requires a Bachelor's degree or higher. More than 98% of approved H-1B visa positions were awarded to workers with either a Bachelor's or a Master's degree in fiscal year 2016. A closer look at the educations held by H-1B workers at companies like Google, Amazon and Intel -- places with in-house tech staffs -- show that more than 60% had Masters degrees. For most IT outsourcing companies, the majority of H-1B visa holders only had a Bachelor's.
The IT outsourcing companies make a ton of other money in the process.
From a percentage of the pay their H-1B contracts receive, to the flop houses they store their programmers in while they're not at work, it's all pure profit.
As a former H1B holder who was paid far more than the equivalent homegrown employees, I can tell you that you missed the point of the article.
The point is that US companies that directly employ H1B holders pay more than the companies whose business is outsourcing.
The real "Libtards" are the Libertarians!
Data here
Is it any wonder that middle class wages have stagnated and young workers are under employed?
And some people still can't figure out why Hillary lost....