GS: H-1B numbers much higher than reported.

H-1B numbers much higher than reported.
Mon, Mar 20, 2017 - 01:48 AM 

H-1B visa problem is making it hard for U.S. college grads to get a technical job. 

http://www.breitbart.com/big-government/2017/03/14/goldman-sachs-almost-one-million-h-1b-foreign-workers-hold-university-level-jobs/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+breitbart+%28Breitbart+News%29&utm_content=FeedBurner


Goldman Sachs estimates that almost one million foreign H-1B contract workers are now employed in college-level jobs throughout the United States, even though many media outlets routinely say the federal government approves only 85,000 H-1B visas per year. 

Goldman’s February estimate of the huge H-1B population also ignores multiple other visa programs which invite foreign graduates to work in the United States. These other temporary work visas are used to employ an additional 470,000 foreign college graduates in the United States. 

The huge U.S.-based population of professional-grade foreign contract workers—ranging from 1.4 million up to 1.8 million—is a problem for President Donald Trump, who repeatedly promised to reform the H-1B program during his 2016 campaign. 

“I will end forever the use of the H-1B as a cheap labor program, and institute an absolute requirement to hire American workers first for every visa and immigration program,” said a Trump statement in 2016. “No exceptions.” In his inauguration speech, Trump declared his national economic policy is: “Buy American, Hire American.” 

Federal data shows that relatively few American graduates even get jobs in the high-skilled sectors which they studied — at great cost — in university. The U.S. Census Bureau reported in July that 2014 that: 

74 percent of those who have a bachelor’s degree in science, technology, engineering and math — commonly referred to as STEM — are not employed in STEM occupations … According to new statistics from the 2012 American Community Survey, engineering and computer, math and statistics majors had the largest share of graduates going into a STEM field with about half employed in a STEM occupation. Science majors had fewer of their graduates employed in STEM. 

If the contract-worker programs were sharply reduced, Americans companies would be forced to compete for the limited pool of Americans by offering higher salaries. The resulting “tight labor market” for Americans graduates would push up average salaries, give underemployed graduates an escape from low-wage jobs (such as at Starbucks), boost recruitment of older professionals, spur productivity-boosting technology investment, and also greatly increase the opportunities for American teenagers, dropouts and the unemployed to study for college degrees. 

The H-1B Population 

The lack of public data about the number of resident H-1Bs is “absurd,” said Mark Krikorian, director of the Center for Immigration Studies. 

The EPI study ignores the fact that President Barack Obama allowed the spouses of H-1B workers to get jobs. The Goldman report says that roughly 500,000 spouses of H-1B workers are now allowed to get jobs in the United States. The Goldman report does not say how many of the H-1B spouses are working in skilled white-collar jobs, but if that number is only one-fifth of the resident H-1B spouses, then the number of foreign white-collar contract workers would climb by up to 100,000 people. 
 

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• 74% STEM grads are not employed in STEM -career- ♂ (217 bytes) () 03/20/2017 postreply 09:20:50