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11-01-2009, 01:10 AM
A Wall Street Journal story looks at the reasons behind the extraordinary drop in H-1B applications. Here's the money quote: Companies that use H-1B visas argue the market, rather than Congress, should dictate the number of visas issued. The fact that the 65,000-visa cap hasn't been reached this year shows that the market will temper demand when necessary, said Jenifer Verdery, director of work-force policy at Intel Corp., who represents a coalition of companies that use the visas. "Contrary to the claims of H-1B critics, if importing cheap labor were the goal of H-1B visa employers, these visas would have...
More... (http://blogs.ilw.com/gregsiskind/2009/10/slump-in-h1b-numbers-back-up-calls-for-tying-quota-to-market-demand.html)
More... (http://blogs.ilw.com/gregsiskind/2009/10/slump-in-h1b-numbers-back-up-calls-for-tying-quota-to-market-demand.html)