The Motley Fool – by Amanda Alix
As it does every year on April 1, the U.S. Citizenship and Immigration Services made available tens of thousands of H-1B visas, the kind that allow U.S. businesses to bring highly skilled workers into the country to work, full-time, for up to six years. Since 2004, the number of visas was set at 65,000; two years later, another 20,000 were added for foreign graduates of U.S. colleges and universities.
By April 7, the government announced that the cap for 2015 was reached. Companies had filed 172,500 H-1B petitions within that time period, meaning that a lottery would be held to determine which businesses would receive the available 85,000 visas. Continue reading “Did We Just Lose 85,000 U.S. Jobs to Foreign Workers?”