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Dr. Michio Kaku speaks about how America's poor educational system has created a shortage of Americans who can perform high skilled technology jobs. As a result, America's H-1B Genius visa is used to attract immigrants who are skilled enough to perform these jobs.
In his floor statement on H-1B Visa Reform, Senator Dick Durbin stated "The H-1B visa job lasts for 3 years and can be renewed for 3 years. What happens to those workers after that? Well, they could stay. It is possible. But these new companies have a much better idea for making money. They send the engineers to America to fill spots--and get money to do it--and then after the 3 to 6 years, they bring them back to work for the companies that are competing with American companies. They call it their outsourcing visa. They are sending their talented engineers to learn how Americans do business and then bring them back and compete with those American companies. - Wiki
Although immigration generally requires short- and long-term visitors to disavow any ambition to seek the green card (permanent residency), H-1B visa holders are an important exception, in that the H-1B is legally acknowledged as a possible step towards a green card under what is called the doctrine of dual intent.
Lower wages do not necessarily mean lower costs for employers. The cost to a company to sponsor a prospective employee for an H-1B visa can be significant, and it can vary between $1,440 and $5,000 depending on the attorney's fees (if used), the number of employees in the company, and if a premium is paid for faster service, without including the cost of a possible trip to the border of the country of origin, nor the renewal costs.[58] From August 14, 2010, the H-1B fee was increased by $2,000 for petitioners who employ 50 or more employees in the US with more than 50 percent of its employees in the US in H-1B or L (including L-1A, L-1B and L-2) nonimmigrant status as President Obama signed into law Public Law 111-230.[59] In addition to that, if the employer should dismiss the employee, the company is liable for any reasonable costs associated with relocation back to the employee's last foreign residence. (This provision covers only dismissal; it is not relevant when an employee chooses to resign.)[citation needed] Besides, there is no guarantee that the prospective employee will be granted the visa due to high demand, and the expenses are sometimes non-refundable.
In 2007, the US Department of Labor, Employment and Training Administration (ETA), reported on two programs, the High Growth Training Initiative and Workforce Innovation Regional Economic Development (WIRED), which have received or will receive $284 million and $260 million, respectively, from H-1B training fees to educate and train US workers. Source
Originally posted by AeonStorm
reply to post by hp1229
Sure.
In 2007, the US Department of Labor, Employment and Training Administration (ETA), reported on two programs, the High Growth Training Initiative and Workforce Innovation Regional Economic Development (WIRED), which have received or will receive $284 million and $260 million, respectively, from H-1B training fees to educate and train US workers. Source
E.TA.
W.I.R.E.D.
D.O.L.