Facebook hires software engineers from India to fill US posts

[HiPointDem]

28. There are about 900,000 software engineering jobs in the US. There's about 4.1-4.7% unemployment

Job growth in the field is expected to be about 27,000 a year 2010-2020, but from 2006-2011 it was less than that -- about 8%.

http://www.economicmodeling.com/2011/08/19/the-it-tech-sectors-where-the-jobs-are/

"The job market for tech workers in San Jose, San Francisco, and other pockets of the country seems to be thriving. But there also appears to be a considerable excess of new graduates in these fields compared to the annual demand over the next five years. According to EMSI estimates, there are more than 3 times as many graduates as annual job openings through 2016."

You can see in their chart (bottom of page) that there's currently an excess of about 29,000 software engineers:

15-1032 Computer software engineers, systems software 13,664 42,621 28,957 $42.80


Also, supply and demand says that if there's a shortage of workers, wages should go up to attract more people. Contra to that, tech wages are flat -- and actually declining for new hires.

"For new grads, the compensation scale isn’t as promising as years before. For the second straight year, the average salaries of technology professionals with less than two years experience have declined, and are six percent below their peak average wages in 2008."

That's because of outsourcing. There is NO evidence whatsoever that there are shortages in software engineering particulary or tech generally. Stagnant and declining wages = OVERSUPPLY, and that is because the labor market has been opened up to low wage labor from outside the US.

The propaganda coming from the tech sector about the "higher quality" of graduates from india and china is just that: propaganda to justify their low wage strategy.