Adrian Chen on FWD.us:
The implicit argument behind FWD.us is that the U.S. doesn’t have enough high-skilled domestic workers to meet tech companies’ needs. This is a myth, and Zuckerberg and FWD.us are just the latest tech players to promote it. In fact there is no shortage of domestic IT workers, as shown in a new study from the Economic Policy Institute. While there is an unusually low unemployment rate among American tech workers (3%), they haven’t enjoyed the large salary increases that would signal a shortage. There is also little evidence that the foreign workers tech companies hire are any better than Americans. The real reason tech companies want to hire more high-skilled immigrants is that they can pay them less than Americans, since immigrants are in a more economically precarious position. More than 80 percent of workers hired under the H-1B program are paid less than their American counterparts, according to the EPI. This kind of outsourcing benefits tech companies while hurting domestic tech workers.