H-1B visa holders are among the highest-paid workers in the United States, with their wages being in the 90th percentile of all wages in the country.
This implies that H-1B workers get paycheques that are in the top 10 percent of US earners, American think tank Cato Institute has found in a recent study.
As per the Department of Homeland Security (DHS), the median wage for H-1B workers in 2021 was about $108,000.
Compare this to the median wage for all US workers in 2021 – $45,760.
H-1B visa holders are among the highest-paid workers in the US
H-1B wage growth has exceeded the development for all US workers. From 2003 to 2021, the median H-1B wage became 52%, while the nominal median for all US workers grew simply by 39%, Cato noted.
This is the initial time since DHS started revealing H-1B wages in 2003 that H-1B wages have surged over the 90th percentile.
DHS held its yearly H-1B lottery earlier this month to allocate the 85,000 work visas to highly skilled foreign workers. However the specific number of entrants is not clear, once again, demand for H-1B workers far exceeded the cap.
For the 2022 fiscal, USCIS got 308,613 H-1B registrations for the 85,000 visas available. Indian IT organizations have been the biggest recipients of these visas.
David J Bier, a research fellow at Cato Institute, in a blog post expressed, that in reforming the green card process, Congress should not ignore the massive economic benefits from the H-1B program-which is the initial on-ramp for the vast majority of skilled green card candidates. “The latest wage information only further confirms the urgency of raising the H-1B cap and making hiring foreign workers easier,” he wrote.