Marketwatch.com recently reported that Bill Gates, chairman of Microsoft, appeared in front of Congress, which was weighing the pros and cons of H-1B workers. Gates advocated more H-1B visas to lure foreign workers to the U.S. because these "workers are uniquely talented" and are “taking jobs that pay over $100,000 a year.” According to the New York Times, the Microsoft median annual salary is $82,500 for new H-1B work visa applicants. A Microsoft H-1B work visa holder, after a few years, could earn $100,000/year. This far exceeds the typical salary requirements for H-1B visa holders.
By law, the salary requirements for H-1B visa holders call for their pay to be "equal to 100% of the prevailing wage as established by the Department of Labor, or the actual wage paid by the employer to similar employees." However, $82K-100K is not usually the H-1B salary in IT jobs, according to a study by Ronil Hira, an assistant professor of public policy at the Rochester Institute of Technology. Hira says the median salary is about $50K for new H-1B work visa holders in IT. As mentioned on workinglife.typepad.com, Hira also believes that the real problems go far beyond salary minimums for H-1B visa holders.
How does your salary compare to the salary requirements for H-1B visa holders? Find out with our salary calculator.