>Similarly the H1B cap seems to have an assumption that there are some fixed number of STEM jobs out there and if Indians fill it up, somehow the Americans will not get it. I would assume a higher concentration of Engineers in USA would only lead to more innovation, more engineers trying to earn more money by being far more creative and so on.
So you are assuming the opposite? There are unlimited STEM jobs here? You are quite misinformed.
In the United States, nine percent of computer science graduates are unemployed, and 14.7 percent of those who hold degrees in information systems have no job. Graduates with degrees in STEM - science, technology, engineering and medicine - are facing record joblessness, with unemployment at more than twice pre-recession levels. The job market for law degree holders continues to erode, with only 55 percent of 2011 law graduates in full-time jobs.
So you are assuming the opposite? There are unlimited STEM jobs here? You are quite misinformed.
In the United States, nine percent of computer science graduates are unemployed, and 14.7 percent of those who hold degrees in information systems have no job. Graduates with degrees in STEM - science, technology, engineering and medicine - are facing record joblessness, with unemployment at more than twice pre-recession levels. The job market for law degree holders continues to erode, with only 55 percent of 2011 law graduates in full-time jobs.
http://www.aljazeera.com/indepth/opinion/2013/11/surviving-p...