H-1B visa curbs: US to face shortage of 2.4 million talents by 2020

Owing to H-1B visa curbs the US will face a shortage of 2.4 million talents by 2020 said NASSCOM Chairman Rishad Premji. He added that it is crucial to keep sentiments away from facts when it comes to H-1B visas.

The tech firms in the US are dependent on H-1B Visas for hiring thousands of workers annually. These are chiefly from nations such as India and China.

NASSCOM Chairman declared that Indian IT firms utilize less than 10,000 of the total 65,000 H-1B visas annually. 70% of the visas are offered to Indians but these are not allocated to the Indian firms, he added. This is something that needs to be highly appreciated, said Risahd Premji, as quoted by the Times of India.

There is going to be a scarcity of 2.4 million workers in the US by 2020. This has been revealed by the data of US Labor Department and refers to talents in STEM areas Mathematics, Engineering, Technology, and Science. 50% of the scarcity of talents will be services related to IT and Computer.

Premji stressed the fact that the US technology base has 7 million people. Figures and data must be placed in the appropriate context. Sentiments must not be mixed up with facts, he added.

The NASSCOM Chair also commented on the H-1B visa curbs owing to the enhanced scrutiny by the Trump administration. He said that mobility of services must be addressed more holistically when it comes to core trade perspective.   This must be done parallel to the mobility of products in terms of trade, said Premji.

Several legislations have been proposed with respect to H-1B visa curbs said the Nasscom Chairman. But it will be tough to sail through the Senate and Congress he added.

If you are looking to Study, Work, Visit, Invest or Migrate to the US, talk to Y-Axis, the World’s No.1 Immigration & Visa Company.