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Reply to "Amazon laying off 10% of corporate (non-warehouse/delivery) workforce, their biggest layoff ever"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous] The Optional Practical Training (OPT) for foreign students who have graduated from American universities allows all foreign graduates to receive a 12-month work permit, but STEM graduates are eligible for an additional 24-month work permit. Businesses are using this program to circumvent H-1B visa caps and American and legal immigrant graduates are losing out: OPT has grown more than 400% in recent years and is bigger than the H-1B program. From 2007 to 2017, employers hired 2.5 million OPT and CPT workers. [b]Employers don't have to pay payroll taxes on OPT employees, making them 15.3% cheaper to hire. The FICA fund loses out on $2.5 billion each year due to this.[/b][/quote] FICA is used to fund Medicare and Social Security, something a temporary worker is not entitled to receive. Would it be better if we pay to train these fresh graduates and then kick them out, meaning they provide no economic output to the US?[/quote] Better that than have our own citizens be unemployed after finishing their education. [/quote] If you want to discourage American students from studying science and tech. You replace them with foreign OPT students that are exempt from payroll taxes, accept lower wages, and are easy to exploit. OPT is H-1B. Same game, different name.[/quote]
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