With millions of white-collar foreign workers in the U.S. there is good reason why U.S. college grads cannot find work.
This article references the many visa paths white-collar foreign workers are able to capitalize on, including H1B, L1, OPT, and F1 visas. Most are able to work indefinitely until they receive green cards or become U.S. citizens. All are displacing the American white-collar workforce.
In Billions Lost: The American Tech Crisis and The Road Map to Change, the trend of rising foreign student populations in U.S. universities, most specifically STEM programs, is analyzed and the results of this trend are clarified: U.S. higher education costs more for U.S. citizens due to “export” prices. Meaning, college students today are paying more than three times the inflation-adjusted amount for college than their parents did because U.S. higher education has become an American export.
When American children arrive at their university and are enrolled in a STEM major, they are typically surrounded by foreign students, many of whom have been in the U.S. for years mastering English. Sometimes, their governments are paying their tuition bill. Sometimes they are receiving a full ride from their U.S. college. Either way, they are typically not racking up the debt common to most American teenagers in the quest to earn a college degree.
Once they graduate, those American children are at a disadvantage in gaining employment. Today, less than half of American college grads in the STEM majors go into STEM as professionals. Here is the reason why: foreign graduates are preferable to American graduates for two critical reasons. One — they will work for less pay; and two — they will work more hours or in difficult situations so as not to lose their visa status and be forced to leave the US.
Technology “sweat shops” are springing up across the U.S. Long hours, little pay, many foreigners, few Americans, and almost non-existent worker’s rights. As U.S. employers in every industry replace U.S. tech workers with foreign labor, the problem continues to escalate.
The best of foreign tech workers are now being wooed back to their home countries. The arguably, long-term gain of educating foreign children before American children becomes non-existent.
Wages in the U.S. tech industry continue to decline. The lucky U.S. tech workers forced out of their positions in their 40s and 50s look for similar jobs at competitors, and if hired, have to restart their PTO clocks and take a 25% pay cut. Today’s American U.S. college grads are often not even making it to the interview stage as the recruiters and hiring managers favor foreign tech workers over Americans.
American STEM graduates are incurring more debt than ever before and have less chance than ever to capitalize on it.