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Friday, August 26, 2005
Abolish H1B Cap : WSJ
Rather than trying to guess the number of foreign workers the US economy needs year-to-year, Congress would be better off removing the cap altogether and letting the market decide, writes the WSJ. Each year, the U.S. issues a set number of H-1B visas to educated foreign professionals with specialized skills. Earlier it was announced that the annual H-1B cap of 65,000 already has been reached for next year. What this effectively means is that any number of fields dependent on high-skilled labor could be facing worker shortages: science, medicine, engineering, computer programming. It also means that tens of thousands of foreigners - who've graduated from U.S. universities and applied for the visas to stay here and work for American firms - will be shipped home to start companies or work for our global competitors.
Category :H1B Visa |
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