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Study Finds that H-1b Cap is Hindering the Growth of the U.S. Economy

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A recent studyreleased by the Partnership for a New American Economy found that the limitations placed on the number of new H-1bs that are provided each fiscal year through the H-1b cap is harming the U.S. economy. After the H-1b quota was reached in the first week of April in 2013 and 2014, many companies announced that they are considering increasing their presence in other countries that have immigration systems that are friendlier to high-skilled workers. Specifically, Microsoft recently stated that it would increase its research and development sector in Canada, and plans to offer 400 new jobs in Vancouver by 2015. To contribute to the arguments that the current H-1b system is reducing the capacity of many employers to grow in the United States, a study by the Partnership for a New American Economy found that that cities where employers received a large number of rejected H-1b cap cases experienced less job creation and wage growth. It also discovered that the U.S. tech industry would have grown substantially faster in the period after the recession if such a high number of H-1b visas had not been rejected in the 2007 and 2008 lottery. Furthermore, the results of the 2007 and 2008 H-1b lottery caused the New York City / New Jersey area to lose the opportunity to create as many as 28,000 tech related jobs. Similar results were shown in the Washington, DC, Chicago, and Dallas Fort Worth areas. This study provides further support for the critical need for immigration reform. This post originally appeared on HLG's Views blog by Cadence Moore. http://www.hammondlawgroup.com/blog/

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