FREE NEWSLETTER: Econintersect sends a nightly newsletter highlighting news events of the day, and providing a summary of new articles posted on the website. Econintersect will not sell or pass your email address to others per our privacy policy. You can cancel this subscription at any time by selecting the unsubscribing link in the footer of each email.

posted on 13 February 2017

How Tech Companies Rely On Foreign Talent

by Felix Richter,

As we previously reported, a large percentage of the highly-skilled immigrants working in the U.S. under an H-1B visa are employed in the technology sector.

Considering this fact, it doesn’t come as a surprise that numerous tech leaders voiced their disapproval of Trump’s decision to suspend the admission of refugees for 120 days and ban people from seven predominantly Muslim countries from entering the United States altogether for at least 90 days.

While Trump’s executive order on immigration and refugees did spark controversy both domestically and abroad, it doesn’t immediately affect the tech industry as much as the next one could. According to a Bloomberg report, Trump’s administration is working on an executive order targeted at changing the work-visa programs that tech companies currently rely on to hire foreign talent.

Originally designed to enable U.S. companies to hire foreign specialist workers when they cannot find an equally-skilled American candidate, the H-1B visa program has, in Trump’s view, been abused to hire cheaper foreign workers instead of American applicants. The proposed draft, a copy of which has been reviewed by Bloomberg, would oblige companies to prioritize American workers and, should no adequate candidate be available, hire the most highly paid foreign applicant.

As our chart illustrates, America’s largest tech companies are featured prominently among the Top 50 employers of H-1B workers. According to, IBM, Microsoft, Google, Amazon, Apple, Intel and Facebook all filed 1,000+ Labor Condition Applications for H-1B visas in fiscal year 2016. An LCA is filed by prospective employers of foreign workers. It is a prerequisite for the actual visa application process. What’s also interesting is the average salary provided in the application filings. They clearly indicate that the positions to be filled by foreign workers are in fact jobs that require specialty skills, seemingly refuting Trump’s suspicion of specialty visa programs being abused to hire cheap foreign workers.

This chart shows the number of Labor Condition Applications for H-1B visas filed by selected tech companies in fiscal year 2016.

Infographic: How Tech Companies Rely on Foreign Talent | Statista

You will find more statistics at Statista.

>>>>> Scroll down to view and make comments <<<<<<

Click here for Historical News Post Listing

Make a Comment

Econintersect wants your comments, data and opinion on the articles posted. You can also comment using Facebook directly using he comment block below.

Econintersect Contributors


Print this page or create a PDF file of this page
Print Friendly and PDF

The growing use of ad blocking software is creating a shortfall in covering our fixed expenses. Please consider a donation to Econintersect to allow continuing output of quality and balanced financial and economic news and analysis.

Take a look at what is going on inside of
Main Home
Analysis Blog
Why Long-Run Theories of Profit and Accumulation Fall Short
Brexit - Who Wins and Loses
News Blog
Hilarious Security Camera Compilation
Brexit: Whither The Pound?
Is Chinese Growth Overstated?
Trading Ideas Between Countries
Recession To Recovery: A Decade In Perspective
Infographic Of The Day: Visualizing America's Changing Energy Mix
Early Headlines: Asia Stocks Up, Dollar And Oil Down, Gold Stable, Trump Tax Plan Today, Trump Reviews National Monuments, UK Deficit Lowest In 10 Years, China Banking Crisis, Canadian Lumber Tariff, And More
Jesus Christ vs. Confucius
2016 The Worst Year So Far For Syria's Children
Macron And Le Pen To Face Off For French Presidency - But She Won't Be Pleased With First Round Result
Best Selling Hard Soda Brands In The U.S.
What We Read Today 25 April 2017
April 2017 Chemical Activity Barometer Suggests Continued Growth Through 2017
Investing Blog
How Broken Is The Market? Technical Summary 24 April 2017
Opinion Blog
Trump Just Imposed A New Tax On Lumber
The Euro Is Stronger Than You Think
Precious Metals Blog
A New Age For Gold
Live Markets
26Apr2017 Market Close: Wall Street Closes In The Red After What First Appeared To Be Another Green Session, WTI Crude Slips Down Into The Low 49 Handle, While Gold Trends Sharply Higher
Amazon Books & More

.... and keep up with economic news using our dynamic economic newspapers with the largest international coverage on the internet
Asia / Pacific
Middle East / Africa
USA Government



Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day


Asia / Pacific
Middle East / Africa
USA Government

RSS Feeds / Social Media

Combined Econintersect Feed

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution



  Top Economics Site Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2017 Econintersect LLC - all rights reserved