May 25, 2006 at 13:31:18

H1-B Visa Foreign IT Workers and the Immigration Bill

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· A retroactive increase to 195,000 from the current 65,000 H-1B visa cap for the years of 2004-2006, in effect allowing for a one time visa grab by employers of nearly 400,000 visas!

· Increases the 65,000 visa cap to 115,000 a 60% hike.

· Requires an automatic 20% annual hike in the new cap whenever the visas are exhausted, thus establishing a new annual cap for each successive year.

· Adds another open-ended exemption from the cap for any foreign national that has an advanced degree in science, technology, engineering or math from anywhere on the planet.

Within a year over 600,000 new foreign professionals could flood the U.S. market, the resulting in serious economic harm on highly skilled, well-educated American workers.

The transfer of high wage IT U.S. jobs to lower cost foreign workers via offshoring and H-1B visas is currently contributing to unprecedented levels of unemployment among American electrical, electronics and computer engineers. Offshoring and H-1B visas also pose a very serious, long-term challenge to the nation's leadership in technology and innovation, its economic prosperity, and its military and homeland security.

Again, I ask; Why would parents encourage their children to take extra math and science in high school and then risk taking massive loans to send them to college for a technical degree when it looks like the corporate and government systems are rigged against them getting a technology job upon graduation? Where is the ROI in that?

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Bachelors of Science Degree in Computer Science and Business Administration with 25 years of experience working in the Independent Software Vendor Industry.

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