The house judiciary committee voted to bring the Protect and Grow American Jobs Act to the full house floor for consideration after nearly a year of hard work with two other H1B visa reform bills.
We see H1B visa holders working every day. These jobs require some formal training and can be done by veterans, unemployed blue-collar workers, older workers whose careers have been cut off, and women returning to work after spending time raising children. Indeed, earlier this year, Goldman Sachs estimated that H1B visa holders had nearly 1m jobs in us, including at least 12 percent of technology jobs.
H1B once played a valuable role, providing growth companies with the ability to hire foreign workers with specific skills the company could not find among us job seekers.
In 2014, Microsoft laid off 18,000 employees, and Hewlett Packard laid off nearly 85,000 in 2015 and 2016. However, importing IT workers does not save a lot of money in the short run, and in the long run, IT is a failed strategy.