Tech worker pay and benefits have remained flat since 2008, even as corporate profits have soared and stock prices have soared, according to federal data compiled by the Center for Immigration Studies.
Adjusted for inflation, “compensation grew at a rate of just 0.15 percent per year from 2008 to 2023,” the center said. Reported On August 30, he added:
More rewards for STEM [science, technology, engineering, and mathematics] The number of workers in 2023 is expected to fall by 7.1% compared to 2019, before the pandemic, with wages down 7.6% and benefits down 6.2%.
The flat-rate salary was revealed in unpublished data provided by the Federal Labor Standards Office at the request of CIS.
The data shows meager wages increase It increased during President Donald Trump's term and then dropped sharply during President Joe Biden's term.
The wealth that STEM professionals missed out on went mostly to corporate owners and investors, said Steven Camarota, research director at CIS. “A lot of the people who gained were corporate millionaires, and a lot of the people who lost out were [university] “Class,” he told Breitbart News.
From 2008 to 2002, the federal government imported hundreds of thousands of foreign graduates each year through various work authorization programs, including the H-1B, OPT and J-1 programs. Biden aides are now accelerating the influx, unopposed by Kamala Harris, and many tech companies are fire They hire cheap, docile visa workers who graduate from American universities.
Despite the government's damage to American experts, Republican candidates are doing little to win the support of a quarter of American voters. University GraduatesNBC News Reported September 4:
Harris has strong support among college graduates, beating Trump by 26 points among them (56% to 30%), and only 5% of college graduates say they will not vote in November's presidential election.
August 29 Quinnipiac University Poll The poll showed Harris leading 59 percent to 38 percent among white college graduates, even as more American professionals enroll in college. Discarded Priority will be given to medium-skilled migrant workers.
Yet the enormous damage being done to America's professional class is being ignored by the mainstream media, whose editors and reporters do not have the freedom to follow the money in immigration policy.
Claims of a STEM talent shortage
Camarota said the flat-rate salaries and benefits are strong and clear evidence that the U.S. economy is not facing a shortage of STEM graduates, despite many claims by Fortune 500 employers, investor groups and their lobbying organizations.
The wage data is very strong. [manipulated] It's bullshit. It's not a hypothesis. It's useless. [the interests of] For those who work in HR, this begs the question: “How much are you actually paying?” If you're not actually paying more, then you're not being desperate. [to hore more] laborer.
And if they say, “No, we desperately need them, but we just won't pay you more,” the answer is, “I'm sorry, but you don't really need workers.”
“Until we see a significant increase in wages, you can't convince me.” [of a shortage]” he added.
“Wages are the golden rule of evidence,” she said, citing the rising salaries of petroleum engineers, whose salaries she said:
It has risen significantly between 2005 and 2015. Do you know why? [The development of] Hydraulic fracturing. The engineers were extremely poorly paid. [before 2005]But soon after 2005, stock prices soared. The market did exactly what it expected.
Many American STEM graduates have lost not only their wages but also their jobs, Camarota said.
CIS also collected 2020-22 data from the American Community Survey, which found that the majority of U.S. STEM graduates are not in STEM-related jobs, even as companies continue to hire international graduates through government work authorization programs.
The CIS reported:
The easiest way to encourage more STEM degree holders to return to STEM fields is to allow wages to rise. Increasing the number of foreign workers could hinder this process by slowing wage growth. While it may be in employers' interest to keep wages low, doing so is likely to create a self-fulfilling prophecy of a lack of workers. [willing] Americans do that. [immigrant-dominated] work.
other Expert As shown No shortage About half of U.S. STEM graduates and about half of international graduates reduce Productivity of U.S. companies.
sauce: Census.gov
Many US politicians and lobbying groups argue that the US economy needs more foreign graduates, despite strong evidence that US STEM (science, technology, engineering, and mathematics) graduates are losing their careers and wealth to the mass immigration of low-skilled foreign graduates. In 2017, Breitbart News reported:
“I work at a home improvement store. isEpot [hardware store] “There are a lot of people in my position,” said Les, who used to work in technology jobs in New York City for Disney, Pearson Publishing and other U.S. companies. He was pushed out of the industry as companies outsourced U.S. jobs to Indian companies, many of which need H-1B visa workers in the U.S. to connect U.S. clients with outsourced offices in India. Les is raising a 13-year-old boy and plans to return to the industry if a job is offered to him, he said.
“About one-third of technology workers Silicon Valley The India-based Economic Times reported: Written August 10th.
President Joe Biden's border czar, Alejandro Mayorkas, is dramatically expanding the influx of white-collar visa workers by relaxing entry and employment rules.
Similarly, Rep. Tony Gonzalez (R-Texas) recently introduced a bill to simultaneously curb illegal immigration and expand the flow of visa workers to American white- and blue-collar jobs. said CBS News on September 1st:
If we want to win the space race, we need engineers from all over the world. If we want to grow our economy, we need hospitality workers, construction workers, and other sectors. … Deportations are [legal] Here are the people who are doubling down on legal work visas and doing it the right way.
Gonzalez enjoys strong support from pro-immigration advocates. Corporate Donors And their financial support has allowed him to retain his seat on the House Homeland Security Committee.
Meanwhile, retiring Rep. Dan Kildee (R-Mich.) FedNet TV In August, Americans Dependent on visa workers“Almost every sector of the economy, including agriculture, manufacturing and tourism, requires temporary visa processing.”
A new Defense Department-funded report by the National Academies of Sciences, Engineering, and Medicine argues that the government should allow more immigrants, including mid- and upper-level college graduates, with minimal impact on national security and the opportunities, incomes, and productivity of American graduates.
Recommendation:
The Legislature should create an easy path to permanent residence or citizenship for qualified foreign-born STEM talent. … Congress should then authorize additional green card numbers for qualified foreign-born professionals. … Related legislation should create new categories for permanent residents and should not impose per-country caps or be subject to existing numerical limitations. It should include clear qualifications for international STEM graduates of U.S. educational institutions.
The NAS panel was heavily populated by pro-business immigration advocates, including: Institute for ProgressAdditionally, some U.S. and foreign-born university administrators are using tuition-paying international students to provide cheap, hard-working, skilled labor for their colleagues' laboratories.
“The report is extremely one-sided…the best the study [on migration]”There is no recent research explicitly included on this,” Camarota said, whose recommendation was rejected by the committee.
The NAS report also noted: corruption, abusediscrimination in some visa programs, and the continued firing of Americans.
Camarota said the NAS report was “absurd on its face and should never be taken seriously…I say this because you can't seriously claim there is a labor shortage unless you see consistent wage growth in the data.”
