Oct 22 2005
Number of H1B Visa = F(Cost of Outsourcing)?
While I am surfing the Net, found this article:
“H-1B visas may grow by half”
http://news.com.com/H-1B+visas+may+grow+by+half/2100-1022_3-5906852.html
Highlights:
Senate Judiciary Committee approves boosting the number of H-1B visas for highly skilled guest workers from 65,000 to 95,000
The measure is supported by US employers (Information Technology Association of America, which counts IBM, Microsoft and Oracle among its members) but opposed by US employees (IEEE-USA, which represents high-tech professionals)
IEEE-USA claims H-1B workers are underpaid.
The demand for H-1B is high: For the past two years, the annual limit was met just as the new fiscal year began. Last year, that prompted Congress to approve a boost of up to 20,000 visas for foreigners who receive master’s degrees or higher from American schools.
Questions:
Why there is still such high demand for H1B if outsourcing becomes more viable?
Does it have something to do with the hidden cost of outsourcing?