H-1B Exposed: The Talent Shortage Is a Myth
8 days ago
- #labor arbitrage
- #H-1B visas
- #immigration policy
- The talent shortage is a myth and is actually labor arbitrage.
- Three major U.S. banks filed 7,474 Labor Condition Applications (LCAs) for foreign workers, exploiting legal minimum wages and green card sponsorship to lock workers in.
- Public records reveal strategies like filing at scale, paying the minimum wage, routing workers to low-cost cities, and using green card sponsorship as leverage.
- The investigation is based on public federal data from filings submitted by companies to various U.S. departments.
- LCA filings indicate filing volume and patterns, not the number of workers, highlighting systemic issues.
- The research is ongoing, with more companies and industries to be investigated.