Increasing the immigration of highly skilled workers is the best way to deal with the severe shortage of talent that is affecting American employers, according to a new report.
One in four U.S. employers is struggling to fill vacancies due to a lack of available talent, according to TechNet, a two-way network of tech CEOs and executives aimed at advancing technology. To promote. About two-thirds (64%) of employers say the workforce skills do not match the needs of their firms. According to the report, if the United States does not reduce this gap, production capacity could be halved, which also warns of slowing growth.
Solution: Update the H-1B visa guidelines, which have not changed in 14 years. The tech sector has long relied on H-1B visas to hire highly skilled workers who could not be filled by Americans due to a shortage of STEM workers. Proponents of her case have been working to make the actual transcript of this statement available online..
Technet says more skilled immigrants will help the economy beyond Silicon Valley. The report includes individual surveys of all 50 states, detailing the potential positive effects of each of the immigration reforms on the economy.
Linda Moore, president and CEO of TechNet, said, “A lot of people who live outside of traditional tech hubs think it doesn’t really affect them or make any difference to them.” He says immigration is as important in Alabama, Iowa and South Dakota as it is in California, Texas and Massachusetts.
Opponents of growing immigration say the move would strip Americans of their jobs. Critics also say companies are taking advantage of the H-1B program to hire immigrants at below market rates.
Technet says immigration will overwhelm the US workforce, which does not have the technical expertise needed to fill the available high-tech positions. In addition, many highly skilled workers who emigrate to the United States start their own businesses, creating more jobs.
The report states that there are approximately 250,000 computer science jobs available in the United States at any given time, with approximately five job openings for each software developer. The US Department of Labor has predicted that 1.4 million jobs will be created in the computer science sector in the near future.
“Based on current estimates, American universities produce only enough skilled degree holders to fill 29% of these positions,” the TechNet report says. Issuing more H-1B visas can alleviate this problem. According to the Associated Press, as of now, about three-quarters of the 85,000 H-1B visas issued each year go to computer science workers.
“A company’s culture really does immigrants better than working with Native Americans, not only in terms of collaboration and innovation, but also in the company’s productivity,” Moore said. “The contribution of immigrants to our economy is undeniable.”
Critics say the United States should focus on expanding its STEM education programs. Technet reports that relying solely on education will not solve the problem quickly. It notes that the US graduates approximately 65,000 students each year with tech-related degrees. Most do not have the training to be employed.
Finding an effective national STEM strategy can take a long time when skilled workers are needed now. TechNet says education reform is “critical to closing the skills gap in the future, but does little to address current labor and productivity shortages.”
“It’s not just a tech issue,” said Peter Chandler, TechNet’s vice president of federal policy and government relations. “This is an American economic need.”