Posted on 10/20/2015 6:47:04 AM PDT by BlackFemaleArmyColonel
The Department of Homeland Security is readying a plan to expand a program that pays U.S. employers to hire foreign STEM students taught in America, a move that could end up punishing American college grads and even the elderly, according to an immigration think tank.
In pushing to allow more foreign students into the so-called "optional practical training program," DHS said that it will help businesses and colleges by keeping those foreign students in the U.S. following their American-taught science, technology, engineering, and math, or STEM, curriculum.
But the Center for Immigration Studies said it will punish American STEM students competing for those same jobs. And, they added, in adjusting how the foreign students are categorized as employees, they get out of paying payroll taxes used to help fund programs like Social Security and Medicare.
Currently, the program urges companies to hire STEM students for a year. CIS said firms are paid up to $10,000 to participate. The new proposal, said CIS, is to add on another year and $2,000 in bonuses.
(Excerpt) Read more at washingtonexaminer.com ...
Yep.
ping
I’m guessing, considering the screwed up way our government works, these people are getting their service time credited to social security. It’s the contributions that are waived. And it may only be the employer contribution, not the employee.
Also, part of the big-money agenda to force down salaries so they can hire talent on the cheap.
Good point -- that adds to the effect I noted in my previous message (by having the government bring in foreign labor, they depress salaries below the natural market level).
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