What You Should Know

By Larry Dignan  |  Posted 2003-09-05 Print this article Print

You want to lower costs. You will be managing projects globally. But the move of programming and other top jobs abroad has implications for national security. And you just might be creating your next rival.

About H-1B Visas">
What You Should Know About H-1B Visas
What are they?
Restricted entry documents allotted to foreigners deemed "essential" to the U.S. workforce.

Why are they needed?
Offshore outsourcing often requires onsite managers imported from other countries.

What's the fuss about?
Job losses in the technology sector and backlash to offshore hiring make H-1Bs an issue.

How many are there each year?
During the dot-com boom, Congress raised the annual cap on H-1Bs from 65,000 to 195,000.

Will 195,000 jobs go to foreigners?
No. The annual cap is due to revert to 65,000 when the most recent law expires October 1.

For More on H-1B Visas, go to: www.baselinemag.com/sep03

Business Editor
Larry formerly served as the East Coast news editor and Finance Editor at CNET News.com. Prior to that, he was editor of Ziff Davis Inter@ctive Investor, which was, according to Barron's, a Top-10 financial site in the late 1990s. Larry has covered the technology and financial services industry since 1995, publishing articles in WallStreetWeek.com, Inter@ctive Week, The New York Times, and Financial Planning magazine. He's a graduate of the Columbia School of Journalism.

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