Archive for April 2014


Why Inadequate Immigration Policy Costs Our Economy One Job Every 43 Seconds

April 22nd, 2014 — 8:57am

April 1 marked the start of the U.S. Citizenship and Immigration Services’ annual acceptance period for new H-1B visa petitions.

These special visas allow American companies to create new jobs for highly educated foreigners.

This program accounts for nearly all of America’s skilled immigration, yet there is an annual cap of 85,000 imposed on new visas: 65,000 are reserved for applicants with at least a bachelor’s degree, and 20,000 for those with at least a master’s degree.

 The outdated annual caps on H-1B visas are always quickly reached. In 2013, the government received around 124,000 applications in just four days — and then abruptly stopped accepting applications on April 5. During the first week of April 2014 USCIS received 172,500 petitions. The Congressional cap is continuing to prove harmful to the nation’s recovering economy.

 Statistically, foreign workers make up about 20% of today’s U.S. STEM workers with bachelor’s degrees and 40% of those with advanced degrees. Since 1995, roughly one-quarter of high-tech firms established in the U.S. have had at least one foreign-born founder. Today, these companies employ 450,000 people and generate more than $50 billion in sales.

 The cost of jobs lost is much larger than subtracting the 85,000 visas allowed from the overall number of petitions filed. Starting with the estimated 100,000 jobs lost directly this year from H-1B visa applications that weren’t filed or not approved beyond the current 85,000 cap. Then, add 400,000, a ballpark estimate from research of additional jobs not created at companies that hire immigrants and at these companies’ suppliers.

We’re now looking at 500,000 jobs lost thanks to restrictive U.S. immigration policy. Spread across 50, five-day workweeks, this translates into 2,000 U.S. jobs not created per day, meaning a new job is lost every 43 seconds.

Clearly, restrictive immigration policy has a real, tangible cost to the U.S. economy. More broadly, the cost is a little greater — forgone ideas, innovation and connections to the world.

Zulkie Partners is nationally recognized for its command of immigration law. We offer services that cover all aspects of corporate immigration law, including nonimmigrant work visas, permanent residence sponsorship and more. 

Comment » | H-1B, Immigration reform

How Inadequate Immigration Policy Is Hurting Our Economy

April 15th, 2014 — 8:37am

Left to their devices, several of the nation’s top political pundits would have the world believing that immigrants come to America with the primary goal of pushing existing workers out of the job market. Not only does this rhetoric breed prejudice, it’s also categorically untrue.

According to the job loss calculator from Compete America, an association of high-tech companies advocating for immigration reform, 500,000 new U.S. jobs could have been created in the past year if it wasn’t for outdated H-1B visa restrictions. The H-1B visa allows U.S. employers to temporarily hire foreign workers in specialty occupations. And foreign-born students are earning degrees in STEM fields at a rate that far outpaces their American counterparts.

Compete America also highlights how immigrants really affect the job market — they grow the economy, drive cutting-edge innovation and create more jobs for everyone. Research from the National Foundation for American Policy states that for every H-1B worker hired in small- to mid-sized technology companies, 7.5 jobs are created.

Except for a few years of temporary increases, the cap on H-1B visas for skilled workers with bachelor’s degrees has been set at 65,000 per year and 20,000 for U.S. advanced degree holders. Because demand has constantly exceeded supply, the cap is reached quickly every year. Last week, during the annual filing window, USCIS received 172,500 H-1B petitions. Like the other components of our immigration system, the insufficient number of H1-B visas demonstrates how deeply flawed our current immigrations system is. Our current approach isn’t flexible enough to keep pace with our ever-changing economy — a reality that threatens to hamper America’s admirable economic progress.

Zulkie Partners is nationally recognized for its command of immigration law. We offer services that cover all aspects of corporate immigration law, including nonimmigrant work visas, permanent residence sponsorship and more. 

Comment » | H-1B, Immigration reform

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