H-1B visas produce net IT job boost, trade group says

"The high-tech industry contends that Congress' failure to raise the cap on H-1B visas is costing the U.S. an opportunity to create a new job every 43 seconds.  To make its point, Compete America, which represents many major high-tech firms on immigration issues, has built a calculator that ticks away jobs that it says are lost, or not created, because of visa restrictions.  "Immigrants have long been a really important part of America's talent pool that drives innovation, creates new jobs and ultimately, creates higher standards of living," argued Matthew Slaughter, an economist at the Tuck School of Business at Dartmouth College, at a Compete America press conference Wednesday.  Slaughter said restrictions on H-1B use have cost the U.S. economy 100,000 new direct jobs over the past year, a figure that rises to 500,000 when indirect jobs are added." - Computerworld, Mar. 19, 2014.