In response to the dwindling availability of STEM professionals, some US companies are petitioning the government to allow for more H-1B visas to allow more STEM professionals from other countries to come to the US to fill vacancies. These visas last up to six years, and are usually fully used up early in the year.
Organizations, such as Microsoft, report having nearly 5,000 vacancies. Intel reports not being able to bring in 50 Finnish engineers because of the H-1B cap, and was instead forced to open a development center overseas. The benefit to allowing companies to host overseas workers is that the worker’s fill positions that are left vacant in the US, and the worker’s pay American taxes during their employment in the US. Whereas, if the organization is forced to open a plant overseas to meet its production requirements, overseas workers do not pay US taxes.
All in all, the long term solution is to better invest in quality STEM education for students here in the US, so the shortage of STEM professionals can be solved, keeping American jobs in America.
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