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03/30/2008: "H1-B visas will replace American engineers with Asian ones"

Statistically, the United States graduates roughly 70,000 undergraduate engineers annually. China graduates 600,000 and India 350,000. Although India compensates with an additional 300,000 IT graduates through non-engineering programs, in higher education, China is racing ahead,
producing engineering Ph.D's at a much faster pace than either the U.S. or India.

[ According to the CIA world factbook, the USA has 0.3bn people, China has 1.32bn people, and India has 1.13bn people. This means that if the USA had the population of India or China, it would be producing 260,000-280,000 undergraduate engineers a year. Our H1-B visa crisis exists to exploit this situation: because of the population difference, and the cost of producing a US engineer, it is cheaper to import them from China and India and let other people pay for the social consequences. ]

http://www.forbes.com/technology/2008/03/27/mitra-china-india-tech-intel-cx_sm_0328mitra.html?feed=rss_technology