U.S. Companies Hiring the World’s Geniuses
Date: August 9, 2012
24/7 Wall Street
August 7, 2012
The story of American business has been about shipping the country’s manufacturing jobs overseas. However, there is another part of the story. Every year, American companies hire thousands of highly skilled foreign workers.
Since 1990, the U.S. Department of Labor has issued visas for these workers through the H-1B program. These visas permit 85,000 workers — 20,000 of whom are required to have graduated with an advanced degree from an American institution — to work in the United States for three years, with an optional renewal for another three years.
Recently, the Brookings Institution, a nonpartisan public policy organization, released a report on the demand for highly skilled immigrants in the United States. These requests are measured by the number of Labor Condition Applications (LCAs) that companies file with the Department of Labor. 24/7 Wall St. reviewed the report to compile a list of the top 10 public American companies requesting the most H-1B visas.
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