INDIATIMES NEWS NETWORK< TUESDAY, JANUARY 29, 2008 05:26:18 PM>
The US software industry is larger than the food processing industry in terms of revenue, according to an IT trade group that wants Congress to raise the annual cap on H-1B visas, rep
orts InfoWorld.
The Software & Information Industry Association (SIIA) SIIA in a study released recently favours legislation that would enable international students who earn advanced degrees in computer science to stay in the United States and work.
The association president Ken Wasch during a press briefing pointed out that a lack of comprehensive immigration reform is creating workforce problems for the software industry and the economy.
According to the article, SIIA said that software vendors and digital content providers employed a combined total of 2.7 million people in 2006, a net gain of more than 400,000 jobs over the 1997 level.
This is a 17 per cent increase in head count, the group pointed out.
The study shows a variety of economic data in an effort to give policy makers a better understanding of the software industry's importance to the US economy.
Primarily focused on the benefits of the software and information industry to the US economy, it claims that the software industry has outpaced other economic sectors and the economy as a whole on growth over the past few years.
The SIIA found that software companies continue to outperform the US gross domestic product, growing at 10.8 per cent in 2005 (the most recent figures available according to the report) compared to a paltry 3.2 per cent for the overall GDP.
It also pushed for limiting barriers to international trade, reporting that American software companies recorded more than $60.4 billion in 2006 sales and contributed another $19 billion in international exports.
The SIIA represents more than 800 software and digital information companies based in the US.
http://infotech.indiatimes.com/articleshow/2740803.cmsBULLSHIT.....There is no Shortage in the US and we do NOT Need More H1B's.
Study: There Is No Shortage of U.S. EngineersA new study argues that the offshoring of U.S. jobs is caused by cost savings and not a shortage of U.S. engineers or better education in China. However, the study warns that the United States is losing its global edge.
A commonly heard defense in the arguments that surround U.S. companies that offshore high-tech and engineering jobs is that the U.S. math and science education system is not producing a sufficient number of engineers to fill a corporations needs.
However, a new study from Duke University calls this argument bunk, stating that there is no shortage of engineers in the United States, and that offshoring is all about cost savings.
This report, entitled "Issues in Science and Technology" and published in the latest National Academy of Sciences magazine further explores the topic of engineering graduation rates of India, China and the United States, the subject of a 2005 Duke study.
In the report, concerns are raised that China is racing ahead of both the United States and India in its ability to perform basic research. It also asserts that the United States is risking losing its global edge by outsourcing critical R&D and India is falling behind by playing politics with education. Meanwhile, it considers China well-positioned for the future.
Dukes 2005 study corrected a long-heard myth about India and China graduating 12 times as many engineers as the United States, finding instead that the United States graduates a comparable number. http://www.eweek.com/c/a/Careers/Study-There-Is-No-Shortage-of-US-Engineers/