General Discussion
In reply to the discussion: The number of (nearly all professional) jobs given to immigrants via H1b visas in 2012 was 821,000 [View all]JazzFanInTX
(16 posts)This is a very sensitive issue, and one which is close to my heart, being an engineer myself. The phony "engineering shortage" has been an industry meme since before I became an engineer in the 1970s. The H1B system restricts the participant to work only for the company that hires them. This creates an alternate economic system for which no wage competition exists. The H1B participant gets hired at a much lower salary than U.S. market rate, then is prevented from obtaining employment at the market rate for their skills. The only beneficiaries of this are the corporations that lobby for the H1B system to begin with.
Conservative beneficiaries of this corporate welfare system have played the associated political game brilliantly. They are able to turn liberals against one another with the argument that "if you're against H1B, you're a xenophobic racist" or similar argument. But it really is a beautiful illustration of Robert Reich's argument regarding the paradox of free markets. One must have regulation for markets to be free. Otherwise, market participants will attempt to enact legislation which restricts the free market to favor their special interests. H1B is a classic example of this.