IT industry experts are of the view that US Tech supremacy will decline due to tough H-1B visas. Tech firms are the largest users of H-1B visas and they also make huge investments in Research and Development.
Google, Intel, Microsoft, and Amazon the top 4 out of the 6 US Tech firms are amongst the top 10 beneficiaries of H-1B visas. R & D is crucial for the growth of any nation’s economy. Tough H-1B visas will mean that these firms will revisit their strategy and will have to look for alternates to the US to remain competitive and profitable.
The tough H-1B visas will also mean curbs on the overseas recruitment of experts and skilled workers. This will also adversely impact the R&D work of the US tech firms meaning they lose the edge globally.
Overseas immigrants’ create US jobs and accentuate the economy. It has been revealed that 760 US jobs per firm have been created by Billion dollar startups that have immigrant founders. Overseas STEM workers contribution to the growth of US productivity between 1990 and 2010 was around 50%.
The locally developed Tech talent in the US is predominantly overseas-born, as quoted by the Times of India. 81% of the Electrical Engineering and 79% of the Computer Sciences graduates in the US are overseas students.
India accounts for 1/4th of the around 7.5 million Bachelor’s degrees awarded globally in Science and Engineering. This is as per the 2014 statistics. One of the leading immigration experts in the US has said that due to the tough H-1B visas the filings of petitions by Indian firms will decline as much as 50% in the current fiscal year.
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