Washington D.C.– Today, the American Immigration Council releases The H-1B Visa Program: A Primer on the Program and its Impact on Jobs, Wages, and the Economy<http://wfc2.wiredforchange.com/dia/track.jsp?v=2&c=yOsiQljDsyfjsYfL7gGVXCdnzh7KXWJo>. This fact sheet provides an overview of the visa and application process and discusses the important role that H-1B workers play in our economy.
Today also marks the day that U.S. employers seeking highly skilled foreign professionals can start submitting their petitions for H-1B visas. If recent history is any indication, the available pool of H-1Bs will run dry in a matter of days. The statutory limit for H-1Bs stands at 65,000 for new hires, plus an additional 20,000 for foreign professionals who earn a graduate degree from a U.S. university. This numerical cap, which dates back to 1990, falls far short of demand—which is unfortunate given the contributions that H-1B workers make to the U.S. economy. H-1B workers are associated with higher wages and lower unemployment for native-born workers—and they add billions of dollars to the U.S. Gross Domestic Product (GDP).
To view the fact sheet, see:
* The H-1B Visa Program: A Primer on the Program and its Impact on Jobs, Wages, and the Economy
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