Posted on 06/26/2020 1:41:33 PM PDT by NobleFree
In June, the US government suspended H-1B and other work visas for the rest of 2020. Hundreds of thousands of foreigners will no longer be able to attain work in the US as a result.
This halt will deal a one-two punch to employers of computer-related occupations, which includes jobs such as software developers and computer systems analysts. First, people in this field receive the overwhelming majority of H-1B visas. Out of the nearly 400,000 H-1B petitions approved in fiscal year 2019, about two-thirds were in that line of work. Most went to software developers.
Second, computer-related workers are the one group for which the labor market will soon become tight again. When that happens, new foreign workers may be sorely missed. […]
Before Covid-19, the unemployment rate for these workers was the lowest in recorded history. In the 10 years prior to the pandemic, the number of computer-related workers soared by 62%, while the number in all other fields grew by just 13%.
And since February, when the pandemic started impacting the US economy, the rise in the unemployment rate for computer and mathematical occupations was smaller than for other occupation groups (see charts 1 and 2). While the unemployment rate for all workers and for the management and professional group reached the highest rates in recorded history, the increase for computer and mathematical workers was more modest, though still significant. […]
Beyond the short-term recruiting impact, reducing the number of foreign workers could have major implications on US innovation. A recent article concludes that immigrants are responsible for 30% of aggregate US innovation since 1976, partly due to their own innovation, but mostly due to the positive impact they are having on US natives’ innovation. Immigration grows the pie.
(Excerpt) Read more at forbes.com ...
Same with me plus I am 52 YO!
They obviously didn't have any business use for it, or they would have funded a new division, or acquisitions.
So they could have bought state bonds with it -- exempt from Federal Taxes -- and used the interest alone to generate a billion or two in free cash flow.
Without jeopardizing the principal, or affecting free cash flow from continuing operations.
That billion or two probably would have paid the price differential for US citizen programmers vs. H1-Bs.
But no, they "can't afford it."
These people make the robber barons of old look generous.
Remember when Jeff Bozo of Amazon cut the health-care payment for part time workers? At the time, the richest man in the history of the planet.
Yes, Governor, as one who was in the trenches, they arrived from the diploma mills, with a piece of paper in their hand with “Oracle” stamped on it. Corporate cost thinking decides that if one highly paid systems person can have the project baby in 9 months, then 9 of the low cost people can make the project baby in one month. This is why IT has gone from a few experts within the business function to full blown cross-functional corporate bureaucracies - IT is now an end unto itself, instead of a means to improving the business function.
Doubt it - those criminals probably all majored in puppetry or gender studies.
My high school son loves coding Java and Python and he’s great at it. Also great at chess and piano. He will take a community college class in C++ this fall.
He’s planning to major in Computer Science in college.
Also he’s a conservative and a good American kid.
Hopefully Trump’s ban on HI-b workers lasts 4 years for him.
Missed by the employers maybe. But employees who will no longer have their salaries artificially depressed? They won't miss the H-1Bs at all.
There is react, angular, hadoop which are pretty new. But anyone who's been around can pick it up in a few weeks. Unfortunately, most employers do not want to train you.
“hire all the out of work American programmers and engineers first
then we can talk about importing more aliens”
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Nope! Replace “then we can talk about importing more aliens” with “then we can talk about recruiting and training more AMERICAN programmers, developers and engineers”.
It wasn’t that long ago that SUCCESSFUL American companies would give applicants IQ and aptitude tests, hire promising candidates and train them. The resulting employees were VERY productive AND CREATIVE!
Bullshit. You could get Americans to pick lettuce if you paid what the market would bear. I guarantee you could get IT people. Saying you can’t get Americans really means “I can’t get Americans for cheap to free, while holding my sponsorship of their presence in the US as a sword over their head”.
Believe or not, most of the stuff can be self-taught for free. Free lectures on youtube by MIT professors.
The market price of IT workers will decide the shortage, or not......
Absolutely correct.
That's how I learned 90% of what I've used in my career.
“...I’m sure the offshore trend will get bigger again.”
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We need to have the feds make those offshore developer/programming costs NOT DEDUCTIBLE AS EXPENSES for income tax purposes.
Good. Now maybe the Disney IT staff and workers from other companies who were displaced by H1Bs (also known as Indians) can find jobs. Oh, and as a retired Unix admin, I’m available under strict preconditions.
Apparently Forbes does not believe in supply and demand.
30 years let go at 50 too. had a few contract gigs since.
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