U.S. College grads are having a tough time finding work. Surprising to many, given the recent news of record low unemployment and record high demand for jobs in cyber security, data analytics, and engineering. The reality today is there is stiff competition stateside for tech jobs due to the many visa paths foreign workers are able to access in gaining entry into our domestic labor market.
With H1B, L1, OPT, F1, visas and more, all white collar U.S. jobs today are at risk. U.S. tech layoffs persist, but new classes of white collar workers are being displaced by foreign visa holders too, including doctors, engineers and accountants.
In Billions Lost: The American Tech Crisis and The Road Map to Change, the trend of rising foreign student populations in U.S. universities, most specifically STEM programs, is analyzed, and the results of this trend, clarified: U.S. higher education costs more for U.S. citizens due to “export” prices, meaning, college students today are paying more than 3 times the inflation adjusted amount for a degree than their parents did because U.S. higher education has become an American export.
Americans are paying more than ever before to get a college education that doesn’t always lead to a job.
When American STEM majors arrive at their university, they are typically surrounded by foreign students, many of whom have been living in the U.S. for years mastering English. Sometimes their governments are paying their tuition bill, sometimes they are receiving a full ride from their U.S. college, either way, they are typically not racking up the college debt common to most American teenagers in the quest to earn a degree.
Once they graduate, many Americans are at a disadvantage in gaining employment, with less than half of American college grads in the STEM majors becoming STEM professionals.
Foreign STEM grads will usually work for less pay, work more hours, and work without complaint under difficult circumstances so as not to jeopardize their visa status. Technology “sweat shops” are springing up across the U.S., Long hours, little pay, many foreigners, few Americans, and almost non-existent worker’s rights. Many times the recruiters and the hiring management are also visa holders. Today’s U.S. college STEM grads face almost insurmountable obstacles to land their first job out of school.
As U.S. employers in every industry replace American citizens with foreign off shore labor and foreign visa holders the opportunity to get a job as a recent college grad or an experienced professional becomes more and more difficult
The notion that the U.S. somehow benefits from the in influx of foreign labor is actively dispelled by the fact that today’s best and brightest technology workers, once educated stateside, are being wooed back to their home countries.
All of America suffers when the opportunities for meaningful employment are no longer available to the country’s citizens and their children.