4 ms·

I can tell you that in my department about 80 % of students (undergrads and grads) are not US nationals. I also seem to remember that in the US more than half

I can tell you that in my department about 80 % of students (undergrads and grads) are not US nationals. I also seem to remember that in the US more than half of PhD degrees in STEM are awarded to foreigners. That's a substantial amount. The only realistic way for them to work in the United States is through H1-B. To say that H1-B doesn't have an influence on salaries (at least in STEM) is speaking obvious falsehood. As far as showing up with an Economics or Liberal Arts degree at Goldman goes - up until the crisis hit in 2009 you could pull up with one of these at any school where they were recruiting and expect to get hired. This is what labour market figures show.

smtddr 12y ago
>>To say that H1-B doesn't have an influence on salaries (at least in STEM) is speaking obvious falsehood. That's thing though, the effects H1B has on STEM is definitely significant. I don't know if it's bad or good yet, but I understand there's a significance in that if H1B visa holders were removed from the STEM pool today there would be a very noticeable impact. I'm talking about the people have _no idea what they want to do in life_ and just randomly get a degree in whatever and go do whatever people tell them is good; like going into accounting or something. I'm talking about the people who have no particular drive other than "My family and friends all think going to school is a good thing so I guess I better go do something". The people who become doctors are the ones that actually make it because that's a lucrative & specialized/focused field. The rest are disillusioned by how hard it has become to find a good high paying job and are held down a debt they didn't expect to have difficulty paying back.