Tuesday, August 8, 2017
Today, the Center for Global Development’s Gaurav Khanna released a new study on the economics of the H-1B visa program. While much of the research up to now has focused on wages for a small subset of workers, this new study considers the broader economic impact of the H-1B visa program and finds the program to have large net economic benefits for the U.S. economy and for U.S. workers.
· U.S. workers are, on average, better off by about $431 million in one year because of the H-1B program.
· The H-1B visa program spurred the hiring of U.S. native workers in IT managerial positions.
· Immigrant-led innovation in the IT sector increased the overall productivity of other U.S. sectors as well, leading to lower prices for consumers and higher wages for the average U.S. worker.