Silicon Valley Scrambling to Import More Foreign High-Tech Workers

BREITBART — The Financial Times noted that in “booming” Silicon Valley, “engineers are in high demand but short supply,” and companies “are facing the most competitive rush ever to secure US work visas for their foreign hires.” Studies have concluded, though, that reports of a shortage of high-tech workers in America is a myth. One reason why companies may want to import more foreign workers is that the cost of American labor is getting more expensive in the high-tech fields, as the Financial Times noted. As the Congressional Budget Office determined, provisions in the Senate’s amnesty legislation would lower the wages of American workers. [Read More]