The town of Chicago, Illinois, in partnership with huge enterprise, is launching an effort to attain jobs for international H-1B visa employees who’ve been laid off from their tech jobs in latest weeks.
The town’s World Enterprise Chicago group, which is a public-private agency, has joined P33, the Chicago Chamber of Commerce, the Company Coalition of Chicago, and others to fill jobs at firms like Caterpillar, Illinois Tech, John Deere, Ulta Magnificence, and Walgreens with international H-1B visa employees who’ve just lately been laid off.
On common, about 1,600 tech employees are being laid off daily, with multinational companies like Amazon, Google, Salesforce, Fb, and Microsoft asserting worker cuts. A sizeable portion of those layoffs, an estimated 80,000, are international employees who arrived on H-1B and L-1 visas and who are actually scrambling to remain in the USA.
Chicago is trying to assist these international H-1B visa employees keep within the U.S. by touchdown them new tech jobs within the metropolis.
“This initiative is a shining instance of our metropolis’s dedication to being a welcoming and inclusive vacation spot for immigrants, the place range and inclusivity are celebrated in our neighborhoods, additional solidifying Chicago’s status as a premier international enterprise hub,” Chicago’s Chief Advertising and marketing Officer Michael Fassnacht mentioned in a press release.
A latest publish from David North on the Middle for Immigration Research detailed how international H-1B visa employees might keep away from ever leaving the U.S. — regardless of being laid off — due to the little-known Non-compulsory Sensible Coaching (OPT) program:
What we’re describing is a little-known program that saves employers 8 p.c of payroll in the event that they rent aliens have who graduated just lately from a U.S. school or college, or who’re at the moment enrolled in such an establishment. No such subsidy goes to citizen school grads. [Emphasis added]
The lawyer didn’t spell out the common availability of this strategy, wherein the alien will search a night-time or weekend grasp’s diploma, maybe a second or third one. He is not going to want a demanding college nor fear about any ceilings or authorities charges and will take programs that he has already taken earlier than at another establishment. He can then get a federally sponsored job within the Non-compulsory Sensible Coaching program all through his education and for 3 years thereafter. [Emphasis added]
And employers will likely be as a result of there are not any labor requirements within the OPT program, and the employer will get an 8 p.c low cost. The low cost, by no means obtainable to employers of citizen employees, comes as a result of the employer of the OPT employee doesn’t must pay his share of the payroll taxes. Since these taxes assist the Social Safety, Medicare, and federal unemployment insurance coverage applications, the OPT employer is being sponsored by the nation’s growing old, sick, and unemployed employees — once more one thing the press, whether or not right here or in India, by no means mentions. (H-2B employers do pay these taxes.) [Emphasis added]
In the meantime, laid-off Individuals are hoping to attain new jobs within the STEM fields whilst their probabilities of touchdown such positions are diminished with the fixed influx of international employees whom firms usually want to rent.
Tech buyers, in latest weeks, have admitted that there is no such thing as a labor scarcity within the business and, actually, there may be really such a saturated labor market within the STEM fields that salaries may very well be drastically lowered with out a lot pushback from staff.
The labor marketplace for tech employees is partially inflated by a large pool of international visa employees which might be imported yearly, totally on H-1B visas, L-1 visas, and OPT visas to take coveted white-collar STEM jobs that might in any other case go to American graduates and professionals.
Yearly, greater than half one million American graduates enter the STEM workforce in search of high-paying jobs with good advantages packages. Their probabilities of touchdown such a job are reduce considerably with the annual influx of tens of hundreds of international visa employees who will compete straight in opposition to them within the labor market.
John Binder is a reporter for Breitbart Information. E-mail him at firstname.lastname@example.org. Observe him on Twitter here.