H-1B visa holders are among the highest paid workers in the United States
H-1B visa holders are among the highest paid workers in the United States, with their wages being in the 90th percentile of all wages in the country.
This means that H-1B workers receive paycheques that are in the top 10 percent of US earners, American think tank Cato Institute has found in a recent study.
According to the Department of Homeland Security (DHS), the median wage for H-1B worker in 2021 was about $108,000.
Compare this to the median wage for all US workers in 2021 - $45,760.
H-1B wage growth has exceeded the growth for all US workers. From 2003 to 2021, the nominal median H-1B wage grew 52%, while the nominal median for all US workers grew just 39%, Cato noted.
This is the first time since DHS started reporting H-1B wages in 2003 that H-1B wages have surged above the 90th percentile.
DHS held its annual H-1B lottery earlier this month to allocate the 85,000 work visas to high skilled foreign workers. Though the exact number of entrants is not clear, once again, demand for H-1B workers far exceeded the cap.
For the 2022 fiscal, USCIS received 308,613 H-1B registrations for the 85,000 visas available. Indian IT companies have been the largest recipients of these visas.
Read more at: https://economictimes.indiatimes.com/nri/work/h-1b-visa-holders-are-among-the-highest-paid-workers-in-the-united-states/articleshow/90801291.cms