Caveat: The following is by a real number cruncher, but we haven’t confirmed the results. However, it is very believable. Check the charts. If accurate, it exposes the truth about the abuses of the H-1B visa program, which is only one of many special visa programs.
These programs aren’t bringing in geniuses. They are taking American jobs, and we are losing our sovereignty in the offing. We don’t need more legal or illegal immigration at the moment. We are locking out Americans and making them second-class citizens.
A CFO and investor, Robert Sterling, who is active online, says he downloaded five years of H-1B data from the US DOL website (4 million plus records) and spent the day crunching data.
He said he โwent into this with an open mind, but, to be honest, I’m now extremely skeptical of how this program works,” he said.
The H-1B program has a statutory limit of 85,000 visas per year, but employers routinely receive approval for more than 800,000 applications per year.โ
Mr. Sterling said, โ75% are jobs paying less than $150,000. Only 25% are $150,000 plus and, of those, only 2.5% are $250,000 plus (purple).”
โFifteen companies alone received approval for more than 20,000 applications each.”
“Looking at applications by employer NAICS code, 5,415 (computer systems design) absolutely dwarfs everything else: 1.2 million applications over five years.
The next two largest are 6,113 (universities) and 5,416 (consulting).โ
“But what about the other large applicants here, which arenโt as familiar (Cognizant, Infosys, Tata)?ย ย As it turns out, these are ALL Indian companies that import H-1B tech workers en masse:
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- Cognizant (93k)
- Infosys (61k)
- Tata Consultancy Services (60k)
- Wipro
- Capgemini
- HCL
- Compunnel
- Tech Mahindra
- Mphasis
“These arenโt American companies that needed international talent to fill critical roles. Theyโre foreign companies that appear to have been founded to place overseas tech workers into US companies as contractors.”
Google, not surprisingly, had 45k applications for software developers alone. pic.twitter.com/3BMjUvpkrl
โ Robert Sterling (@RobertMSterling) December 29, 2024
You can see where Iโm going with this. A casual perusal of the data shows that this isnโt a program for the top 0.1% of talent, as itโs been described. This is simply a way to recruit hundreds of thousands of relatively lower-wage IT and financial services professionals.
โ Robert Sterling (@RobertMSterling) December 29, 2024
The H-1B program isn’t just Indian companies requesting visas for IT workers, though.
The list of companies seeking visas for accountants is a who’s who of Big Four and other prominent accounting firms. EY is crushing the competition with 16k+ applications. pic.twitter.com/qjXuo7545Y
โ Robert Sterling (@RobertMSterling) December 29, 2024
What jobs are these companies seeking visas for?
A metric f**k ton of IT and software roles. Over the past five years, 80k+ computer systems analysts (Cognizant is the big player here). 50k+ systems engineers/architects (Cognizant + Tata). Programmers (looks like Wipro andโฆ pic.twitter.com/lyJGSeXG2n
โ Robert Sterling (@RobertMSterling) December 29, 2024
Basically every role with 30k+ H-1B applications is for a STEM field, with the exception of accountants and auditors (49k). Most of them IT-related, at that.
Thereโs a little more variety in roles with smaller numbers, but the overall tilt towards STEM remains throughout.
โ Robert Sterling (@RobertMSterling) December 29, 2024
You might also be interested in Mr. Sterling’s AI post. I know I was:
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