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Thursday, August 17, 2017

Salaries For H1-B Visa Workers Grew 5X Faster Than Salaries Of Equivalent American Workers

https://www.nationaleconomicseditorial.com/2017/08/16/h1b-visa-workers-salaries-rise-faster-than-americans/

Median Salaries for H1-B Visa Workers Grew Five-Times Faster than the Salaries of Equivalent Domestic Workers, Over Last Decade
New data from Pew Research shows that temporary foreign workers (H1-B visa holders) have received significant raises over the last decade, while American workers have suffered from relative wage stagnation.
Over the last decade the median salary for H1-B visa workers rose from $69,455 to approximately $80,000 per year—a pay rise of almost 16%.
By contrast, the wages of domestic workers in similar jobs rose from $73,036 in 2007, to $75,306 today—a 3% increase.
That means the salaries of foreign workers have increased faster than domestic workers by a ratio of 5:1. And, when accounting for inflation, the domestic workers have actually taken a heavy pay cut over the last decade.
Neil Ruiz of Pew Research explains:

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