I hate to rain on anyone's parade but the author of the article does not know what he's talking about.
The .gov has strict rules about what you have to pay people on H1b visas. When we looked at it, we would have to pay MORE THAN the going rate for Americans.
The only reason to consider them is that, for 50 years or so, there has been a shortage of US engineering graduates. That's because US students would rather major in cookie cutting subjects. Student loans should be based on the likelihood that the graduate will be able to work in a useful field, in order to pay back the loan. They aren't.
You mean, “for 50 years, foreign supplies of labor have artificially held down engineering wage rates, so that American grads no longer want to go into engineering...”.
If companies were DESPERATE for engineers, and had to offer $150-$200k, you’d have a HUGE amount of engineering grads within 4-6 years.
Sorry, but “going rate” means nothing, if you can get a foreigner to do it (even at a little more cost). The “going rate” would be WAY higher, if folks were stuck having to hire American grads ONLY. That’s supply and demand.
Folks are avoiding STEM because they can often make more being a fireman ($80-$100k)...
