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Study shows economic benefits to H-1B visa program

Florida company executives who are familiar with the H-1B visa program may be interested to learn that a study has shown that it provides economic benefits to the United States as well as to India. The study was conducted by the University of Michigan and the Center for Global Development, and it found that in 2010, employees in the U.S. were about $431 million wealthier because of the visa program.

That same year, the combined income of the two countries was more than $17 billion and the total IT output rose by about .45 percent because of the visa. The program also resulted in the creation of better technology which led to better productivity elsewhere. Software and hardware prices also went down 1 percent in the U.S. and 7.4 percent in India.

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