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People from all over the world have long come to the United States in search of opportunities. That includes immigrants, refugees and asylum seekers, and temporary workers and students who come to the U.S. on specialty visas. Among the latter are skilled foreign workers, a select group granted special access by the H-1B visa program, designed to boost innovation and the economy via a " brain gain ," according to the Brookings Institute. Since launching in 1990, the program has allowed U.S. employers to hire exceptional foreign-born applicants with bachelor's degrees or the equivalent by offering them employment in hard-to-fill positions. An H-1B visa allows foreign-born workers to stay in the country for three years, with the option to extend their stay for up to six years. In some cases, workers remain even longer if employers sponsor their green cards. Most jobs filled by H-1B workers are in STEM (science, technology, engineering, and mathematics) fields. H-1B visa holders tend to have wages within the top 10% of U.S. workers. In computer-related fields, for instance, the average annual income was $129,000 in 2022 for H-1B workers, according to the U.S. Citizenship and Immigration Services. Congress has capped the number of H-1B workers since the program began; currently, around 85,000 applicants are accepted each year. Within that total, 20,000 spots are reserved for those with U.S. institution-issued master's or doctorates. That number has remained unchanged for nearly two decades—even as applications have dramatically risen and backlogs have made it increasingly difficult to get a visa. From 2001 to 2003, the applicant limit was three times as high at 195,000; over the past 10 years, the program received such an influx of applicants it prompted Congress to institute a lottery system in 2014. Although exceptions to the cap are granted for nonprofit research organizations, the government, and colleges and universities, the number of applications far exceeds availability. In fiscal year 2025, for instance, there were an astounding 423,028 for just 65,000 spots. Critics of the cap say that the inability for more workers to land positions in the U.S. creates a number of problems, one of which is a lack of qualified staff for the exploding tech sector. H-1B Employer Data used its own data, news reports, and economic research to explore how a shortage of visas for skilled workers has impacted the U.S. economy. In 2024, Citizenship and Immigration Services changed the process for applying for an H-1B visa after 780,884 applications were filed that year. This process overhaul was meant to increase the odds of applicants vying for a spot and curb abuses of the system. Employers and potential employees were gaming the system, hoping multiple submissions for individual workers would increase their likelihood of being accepted; the barrier to entry had also been lowered to a $10 fee and electronic registration instead of a full application. Employers vying for top talent aren't the only ones benefitting from the H-1B visa program. Foreign workers tend to have different skill sets than American workers, which is partly why they're so sought-after. According to the American Immigration Council, workers from abroad may even help create additional jobs by spending and investing their earnings in the U.S. They stimulate the labor market by expanding operations in the U.S. and starting new businesses. This entrepreneurial spirit, long a hallmark of U.S. innovation, drives economic growth. "We don't know which [immigrant] is going to have the brilliant insight that totally transforms the economy over the next 20-30 years," David Bier, director of immigration studies at libertarian think tank the Cato Institute, told Vox . Studies show that the business impact of the H-1B visa program extends beyond individual employers as well. A 2024 study from academic researchers and the Federal Reserve Bank of Richmond found that companies that win H-1B lottery visas hire additional employees, generate more revenue, and survive longer. In 2017, researchers at the National Bureau of Economic Research found that H-1B workers benefit consumers and increase profits in the IT sector. Among the roughly 600,000 H-1B recipients in the country at any time, as many as 75,000 join the STEM workforce every year. Companies such as Amazon, Microsoft, and Intel, among the top 100 employers of H-1B workers, reap the rewards from foreign-born workers, who tend to fill in gaps in the STEM workforce—and in some cases, create opportunities. Employers, in turn, are eager to hire more H-1B workers to cultivate innovation and growth. Other types of companies, including outsourcing firms, many based in India, also depend on H-1B workers. They are inundated with USCIS applications for employees they consider "interchangeable," according to Vox. These visa holders, typically junior programmers, will accept lower salaries and relocation requirements, and their hiring companies account for more than half of the top 30 H-1B employers. There is concern, however, that these workers could be underpaid and exploited, giving some credence to the claim that the program allows lower-wage foreign workers to take jobs from higher-earning Americans. However, existing data shows that H-1B workers help raise salaries and expand job opportunities for everyone. Employers of H-1B workers are also required to attest that U.S. workers' salaries and working conditions will not be negatively affected, and notify incumbent employees when they hire these applicants. As evidenced by continued efforts to reform the system, there's still plenty of room for improvement. For every one person who is granted an H-1B visa, four are denied. This means the government—Congress sets the quota—leaves $61 billion on the table every year, according to a paper by Bier, who also suggested adjusting the cap to match demand, and making changes to maintain a sufficient population of skilled workers in the U.S. In other words, the current cap on H-1B visas may actually thwart economic growth. Nine jobs are moved out of the U.S. for every 10 unapproved H-1B applications, according to a 2023 study from the University of Pennsylvania's Wharton School, as reported by Bloomberg. Some $86 billion would be lost with a 10% reduction in guest workers, according to a Federal Reserve Bank of Richmond economist. Despite fraught debates over immigration and foreign-born workers, they have always been part of the uniquely American story of opportunity and improvement. As Jeremy Neufeld , a policy fellow with the think tank Institute for Progress, told Vox, "It's always been the case that immigrants have been a secret ingredient in US dynamism." Story editing by Alizah Salario. Additional editing by Kelly Glass. Copy editing by Kristen Wegrzyn. This story originally appeared on H-1B Employer Data and was produced and distributed in partnership with Stacker Studio.panalo999 com



Rutgers tries to avoid another Ivy loss when Columbia visits

Fox News Flash top sports headlines are here. Check out what's clicking on Foxnews.com. The Florida Gators delivered a crushing blow to No. 9-ranked Ole Miss’ hopes of making the College Football Playoff, beating the Rebels 24-17 Saturday. The Rebels had a chance to tie the game late, but quarterback Jaxson Dart threw two interceptions in the final two minutes. On the first interception, Dart took a shot to the end zone into triple coverage, getting picked off by Bryce Thornton with just under two minutes left. CLICK HERE FOR MORE SPORTS COVERAGE ON FOXNEWS.COM Head coach Billy Napier of the Florida Gators celebrates after defeating the Mississippi Rebels 24-17 at Ben Hill Griffin Stadium Nov. 23, 2024, in Gainesville, Fla. (James Gilbert/Getty Images) The Rebels' defense forced a three-and-out following the interception while using all their timeouts, giving Dart and the Rebels another chance to tie the game with just over a minute left. However, Dart did not take advantage. With just under 30 seconds left, Dart overthrew his wide receiver, and Thornton, once again, was in position to intercept the pass and end the game. Saturday’s loss marked the first time Dart has thrown multiple interceptions in a game in two seasons. Florida quarterback DJ Lagway opened the scoring in the first quarter by connecting with Elijhah Badger on an 8-yard touchdown. Dart responded by connecting with star wide receiver Tre Harris on a deep shot, tying the score at seven after the 43-yard touchdown. NO. 1 COLLEGE FOOTBALL RECRUIT FLIPS COMMITMENT FROM LSU TO MICHIGAN IN SHOCKING MOVE Mississippi Rebels quarterback Jaxson Dart (2) runs with the ball during a game against the Florida Gators Nov. 23, 2024, at Ben Hill Griffin Stadium at Florida Field in Gainesville, Fla. (David Rosenblum/Icon Sportswire via Getty Images) The Rebels quarterback stayed hot, hitting wide receiver Cayden Lee for a 22-yard touchdown to give Ole Miss a 14-7 lead in the second quarter. It was the Gators’ turn to respond. Lagway hit running back Jadan Baugh on a screen pass, and Baugh did the rest, scampering in for a 25-yard touchdown to tie the game 14-14. After trading field goals in the third quarter to make it 17-17, the Gators' offense went to work. CLICK HERE TO GET THE FOX NEWS APP Running back Montrell Johnson Jr. punched in a touchdown from nine yards out to put the Gators on top 24-17, where the score held. Johnson Jr. ran for 107 yards and a touchdown on 18 carries, while Lagway threw for 180 yards with two touchdowns and an interception in the win. Dart threw for 323 yards with two touchdowns and three interceptions while rushing for 71 yards in the loss. Lee ended the day with six catches for 94 yards and a touchdown. DJ Lagway of the Florida Gators warms up before the start of a game against the Mississippi Rebels at Ben Hill Griffin Stadium Nov. 23, 2024, in Gainesville, Fla. (James Gilbert/Getty Images) It was the Gators' second straight game beating a ranked opponent while being unranked, something they hadn’t done since 2003. The win for the Gators makes them bowl eligible as they improved to 6-5 with the win. The Gators will look to keep it rolling when they take on the rival Florida State Seminoles next Saturday. The loss drops the Rebels to 8-3 and likely takes them out of College Football Playoff contention. The Rebels will look to bounce back when they take on Mississippi State next Saturday. Follow Fox News Digital’s sports coverage on X , and subscribe to the Fox News Sports Huddle newsletter . Ryan Canfield is a digital production assistant for Fox News Digital.None

Transaction Support Services Market Outlook and Future Projections for 2030 11-23-2024 11:20 AM CET | Business, Economy, Finances, Banking & Insurance Press release from: Dhirtek Business Research and Consulting Transaction Support Services Market The transaction support services market represents a dynamic and continually evolving landscape, shaped by changing consumer demands and technological advancements. In this comprehensive report, we provide an in-depth exploration of the market, designed for a wide range of stakeholders including manufacturers, suppliers, distributors, and investors. Our goal is to equip industry participants with essential insights that enable informed decision-making in an ever-changing market environment. This analysis not only examines the current state of the transaction support services market but also forecasts its future trends. Scope and Purpose This report serves as an extensive resource, thoughtfully curated to deliver actionable intelligence to industry stakeholders. It covers critical elements such as market dynamics, competitive environments, growth opportunities, challenges, and regional differences. The insights provided go beyond mere descriptions, offering a valuable tool for stakeholders to refine their strategies and make informed choices in a competitive market. Request for Sample Report: https://www.dhirtekbusinessresearch.com/market-report/Transaction-Support-Services-Market/request-for-sample-report Comprehensive Market Analysis We are committed to providing a thorough analysis that explores every aspect of market growth, including shifts in consumer preferences and technological innovations driving demand for transaction support services products. We also address the challenges faced by the industry, such as economic uncertainties and intense competition, offering insights to help stakeholders navigate these complexities. Key Players in the Transaction Support Services Market: Deloitte PKC Advisory KPMG EY Alvarez & Marsal Baker Tilly Limited Menzies LLP PwC Moore mc Teneo SLR Consulting B.Riley Financial RSM BDO Intralinks BSM Consulting HMT LLP FTI Consulting Strategic Guidance for the Future This report invites stakeholders to delve into a detailed examination of the competitive landscape. By profiling key players in the transaction support services market and analyzing their strategies, we offer crucial insights to help industry participants make informed strategic decisions. Whether it's about outpacing competitors or learning from successful approaches, our analysis is designed to guide stakeholders toward success. Anticipated Insights Understanding the diverse segments within the transaction support services market is critical to success. Our report breaks down segment sizes, potential growth trajectories, and key trends, offering actionable insights that allow stakeholders to develop targeted strategies and optimize resource allocation. The knowledge provided empowers stakeholders to navigate the complexities of the transaction support services market with clarity and confidence. Balancing Market Forces and Strategic Impact This report delivers a comprehensive analysis of the factors shaping the transaction support services market. By evaluating both the drivers of market growth and the obstacles that could impede it, stakeholders gain a holistic understanding of the market's dynamics. For manufacturers, this analysis helps align innovation efforts with consumer demands and regulatory trends, while investors and decision-makers gain a deeper understanding of economic risks and supply chain vulnerabilities, allowing them to make more informed strategic choices. Our goal is to provide stakeholders with the knowledge needed to confidently and successfully navigate the transaction support services market. Competitive Landscape Our in-depth examination of the transaction support services market's competitive landscape highlights key players, scrutinizing their strategies and impacts on the industry. By analyzing the approaches of major companies, stakeholders gain a valuable understanding of market dynamics and can leverage these insights to identify growth opportunities, innovate, and make informed strategic decisions. Market Segmentation The report begins with a detailed analysis of the unique characteristics defining each segment within the transaction support services market. Segmentation can occur across various dimensions, including product types, customer demographics, or specific use cases. Understanding these differences allows stakeholders to tailor their strategies, products, and marketing efforts to meet the specific needs of each segment, enhancing competitive positioning and maximizing opportunities for success. Market Segments: Product Type: Commercial Due Diligence M&A Support Others Application: SMEs Large Enterprise Market Size and Segment Growth Potential A crucial part of the report focuses on understanding the size and significance of each market segment. We provide quantitative data that illustrates the market share and contribution of each segment, enabling stakeholders to make informed decisions regarding resource allocation, strategic prioritization, and investment. This section offers insights into the growth potential of each segment, including factors driving future expansion, evolving consumer preferences, and technological adoption. Conclusion This report serves as a strategic guide for stakeholders in the transaction support services market, offering comprehensive insights into market segmentation, competitive dynamics, and growth potential. By understanding the market's complexities and emerging opportunities, industry participants can make well-informed decisions that drive success and innovation in this rapidly evolving market. Other Reports Industrial Dough Divider Market https://www.dhirtekbusinessresearch.com/market-report/Industrial-Dough-Divider-Market Cell Roller Bottles Market https://www.dhirtekbusinessresearch.com/market-report/Cell-Roller-Bottles-Market AI Training Accelerator Card Market https://www.dhirtekbusinessresearch.com/market-report/AI-Training-Accelerator-Card-Market Pipe Screw Extruder Market https://www.dhirtekbusinessresearch.com/market-report/Pipe-Screw-Extruder-Market "Contact Us Dhirtek Business Research and Consulting Private Limited Contact No: +91 7580990088 Email Id: sales@dhirtekbusinessresearch.com" "About Us Dhirtek Business Research & Consulting Pvt Ltd is a global market research and consulting services provider headquartered in India. We offer our customers syndicated research reports, customized research reports, and consulting services. Our objective is to enable our clientele to achieve transformational progress and help them to make better strategic business decisions and enhance their global presence. We serve numerous companies worldwide, mobilizing our seasoned workforce to help companies shape their development through proper channeling and execution. We offer our services to large enterprises, start-ups, non-profit organizations, universities, and government agencies. The renowned institutions of various countries and Fortune 500 businesses use our market research services to understand the business environment at the global, regional, and country levels. Our market research reports offer thousands of statistical information and analysis of various industries at a granular level." This release was published on openPR.Jimmy Carter, the 39th president and a Nobel Peace Prize recipient, has died at 100Woodward Reports Record Sales & Earnings for Fiscal Year 2024

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