There is a grim unemployment crisis for college graduates who majored in STEM – science, technology, engineering or math. An estimated 8% of recent STEM graduates are completely unemployed, which is double the national unemployment rate.

This is amid a high-tech boom producing billionaires nearly as often as coffee cups. Only a few hundred thousand American STEM graduates want a job in their field, and it should not be so difficult to make good jobs available to them.

Foreigners coming in on H-1B visas are being hired rather than Americans for many entry-level STEM jobs. There is supposed to be high growth in AI software development, but Big Tech has filled this field with H-1B foreigners, too. 

The National Foundation for American Policy found that more than 80% of new H-1B applications and filings by Amazon, Apple, Facebook (Meta), Google, and Microsoft are for foreign workers to fill American jobs in AI and software development, and data science jobs.

Big Tech prefers H-1B visas because the workers become bound to the employer by the program and can then be paid less while prevented from switching to a competitor. If the visa holders want to quit to work for a rival, then they would typically lose their right to remain in the United States and could be deported.

The net........

© Townhall