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Reply to "Lots of friend's kids aren't getting jobs post college. Is this common?"
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[quote=Anonymous][quote=Anonymous]All depends on a college degree. If you have any kind of tech, science or anything dealing with numbers degree you are in good shape. Sociology or Art History, well not so much.[/quote] At the undergraduate level, the number of foreign students is small. The graduate level is different. This was all planned for by the National Science Foundation. Their concern was that Ph.D. salaries were too high, and they said that they were going to remedy it by bringing in a lot of foreign students. Swelling the labor pool will reduce the salaries or reduce the growth in salaries, and that was at the same time NSF was pushing Congress to enact the H-1B program. NSF also said at the time that by limiting salaries, Americans would be dissuaded from pursing graduate degrees and, of course, that's exactly what happened. So now you see only 50% of the Ph.D.s in computer science go to Americans. That study was a key link in a chain of evidence leading to an entirely different view of the real origins of the Immigration Act of 1990s and the H1-B visa classification. In this alternative account, American industry and Big Science convinced official Washington to put in place a series of policies that had little to do with any demographic concerns. Their aims instead were to keep American scientific employers from having to pay the full US market price of high skilled labor. They hoped to keep the US research system staffed with employees classified as “trainees,” “students,” and “post-docs” for the benefit of employers. The result would be to render the US scientific workforce more docile and pliable to authority and senior researchers by attempting to ensure this labor market sector is always flooded largely by employer-friendly visa holders who lack full rights to respond to wage signals in the US labor market. 17. E. Weinstein, "How and Why Government Universities and Industry Create Domestic Labor Shortages of Scientists and High-Tech Workers" in , Nat'l Bureau of Economic Research, 1998, [online] https://www.ineteconomics.org/perspectives/blog/how-why-government-universities-industry-create-domestic-labor-shortages-of-scientists-high-tech-workers[/quote]
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