Yes, we do need high-skilled immigrants because we don’t have enough qualified workers. Contrary to a widely publicized report claiming that a tech-talent shortage is a myth, A new Brookings Institute study confirms our argument that there is a shortage and businesses need immigrants to fill the innovation vacuum.
“This report matters because accurate facts about h1B and STEM shortage is important as congressional debate moves forward about increasing the number of h1B visa and allowing more foreign STEM [science, technology, engineering, and math] workers to stay in the US,” author Neil Ruiz tells me in an email, which is a not-so-subtle jab at the controversial Economic Policy Institute report claiming the opposite.
Conclusions bolded for your scanning convenience.
The Debate, In Brief
Earlier this month, the Economic Policy Institute made national headlines for a study claiming that there was no technology talent shortage, and the foreign worker visa program (H1-B) was largely a ruse to exploit cheap immigrants at the cost of natives. They argued:
Because of the EPI’s famously anti-H1-B stance and the fact they didn’t use common statistical techniques to control for worker demographics (like age), a lot of experts in the field wigged out. Now, a Brookings Institute study aims to quantify the wigging outage, for ammo against EPI and in support of the technology community, which has cried for a long time that the U.S. needs more foreign talent.
1. Employers Wait Months To Fill Positions
As our own technology sources have been telling us, we know there’s a shortage in qualified STEM workers because positions can go months unfulfilled. 43% of jobs in areas that commonly seek H1-B employees are unfilled after at least a month.
2. High-skilled Immigrants Earn 20% More
Rothwell and Ruiz find that H1-B workers earn, on average, 20% more than their native counterparts, which jives with previous research comparing immigrants by age, education level, and English-proficiency. In part, this finding still exposes a dark side of high-skilled immigrants: they inject a fresh pool of young applicants who are willing to work for less pay than their older, mid-career counterparts.
3. Wages Are Growing
Contrary to the Economic Policy Institute’s conclusions, the researchers find that wages in STEM fields are growing, adjusted for inflation ( 8% vs. 0% for all workers, from 2000 to 2012). At our request, they looked at data from the Department of Labor’s Current Population Survey, finding “In the three major STEM categories (Computer and Math Occupations; Architecture and Engineering; and Life, Physical, and Social Sciences), inflation adjusted median wage growth was both positive and higher than all workers 16 and over,” Rothwell tells me in an email.
(Since this was data they shared with me in an email, I’ve included it in a public Google Doc, for you wonks out there).
Ugh, Economists Debating. Who Should I believe?
When economists debate over numbers, it’s hardly fun for the American public, since they don’t have the mathematical chops to evaluate the facts for themselves. Here’s why I’m gung-ho about the Brookings piece (aside from the fact that I think it’s methodologically superior): you’d have to quite a conspiracy theorist to believe that hundreds of technology leaders could effectively coordinate a lie about immigration reform.
They’re not lying about the fact that they can’t fill positions.
Now, before our critical readers freak out, yes, the H1-B system is rotten with abuse and exploitation. Also, yes, we should be doing a better job of educating Americans. It’s an important debate to have, but let’s get the facts straight first.
Today Microsoft announced the general availability of Azure Media Services, a new set of tools and analytics to help developers build massively scaling media delivery services involving real-time video. For example, Microsoft claims that “Last year several broadcasters used Windows Azure Media Services to stream the London 2012 Olympics.”
That in mind, Azure Media Services isn’t precisely new, but is instead now open for general use. Microsoft is offering a 90 day demo period to drive early adoption.
Happily, the product is relatively end-user agnostic, with the capability to stream to “HTML5, Flash, Silverlight, Windows 8, iPad, iPhone, Android, Xbox, Windows Phone and other clients” in several formats. In short, if you need to deliver video of any sort to any device, Microsoft wants you to use Azure to do so. For the listed platforms, Microsoft has SDKs and players ready to go, so developer strain should be minimal.
Azure a PaaS and IaaS cloud offering from Microsoft is rapidly becoming on of its crown jewels, as the company positions the tool in the middle of its ‘devices and services’ plan.
For a technical look at Azure Media Services, Microsoft’s Scott Gutherie has a graphical run-down here that is of good use. I’ll spare our non-technical readers the specifics. Key to the product is price, with Microsoft touting that it allows for “very cost effective” creation of media services.
For more on Azure, and its rising profile in its home company, head here.
Top Image Credit: Robert Scoble
While the search continues for a new top executive for Flickr, Yahoo and its new CEO have found a new chief marketing officer — and one with former operations experience. This afternoon Yahoo announced that Kathy Savitt will be joining the company as CMO on September 14th and will report directly to Marissa Mayer.
Yahoo gains significant experience at the top of its marketing arm, as Savitt has held a number of consumer, retail and tech executive positions during her career. Most recently, she was the founder and CEO of social commerce company, Lockerz, a site that now counts 45 million users.
Prior to Lockerz, Yahoo’s new CMO was executive VP and CMO of American Eagle and, before joining American Eagle, she held a number of senior leadership positions at Amazon.
“Yahoo! is at an important and unique inflection point in its storied history,” Savitt said in a statement today. “I believe passionately in Yahoo!’s ability to inspire and delight users, partners and advertisers around the world and am excited to join Marissa in defining Yahoo!’s next chapter.”
Former Yahoo CMO and EVP Elisa Steele left the company in December, after initiating a decentralization of Yahoo’s marketing department, as reported at the time by Kara Swisher. Last month, Steele jumped to Skype, becoming the company’s new CMO.
Since then, Yahoo marketing has been without an official chief, but that ended today with Mayer’s first (reported) high level appointment, and perhaps the first of many baby steps toward restoring faith in Yahoo leadership — or at least a sign of movement in that general direction.
According to a Bloomberg TV correspondent, Jon Erlichman, Twitter is projecting to reach at least $1B in revenue by 2014. Erlichman doesn’t name his sources, but this is a good sign that Twitter’s monetization strategy is in full swing.
Exclusive: Twitter’s revenue could reach at least $1 Billion by 2014, sources familiar with the matter tell me.More to come
— Jon Erlichman (@JonErlichman) June 1, 2012
Sure, 2014 might seem like a long way off, but when companies as large as Twitter have to set up its roadmap for the short and longterm, projections like this aren’t so crazy to start thinking about now.
Recently, Twitter announced a partnership with NASCAR to create a stream of content which will be managed by Twitter employees. At the time, no monetary compensation was discussed, but I can imagine that if Twitter were to manage such partnerships and campaigns for brands as big as NASCAR and scale those efforts to many others, it could charge quite a pretty penny.
Twitter also has its paid trending topic and featured suggest follower positions to sell to advertisers, which we hear is selling quite well for the company.
If you put Twitter and Facebook side-by-side and look at the ways they currently monetize their platforms, it looks like Twitter has a slight edge, as its working with unique “ad units” that you can’t get anywhere else. On Facebook, the ad experience is very similar to what we see elsewhere on the web.
By liking things, you could turn yourself into an advertisement on Facebook, but Twitter has stayed away from those types of “endorsements” thus far.
View original post here: Report: Twitter could reach $1B in revenue by 2014
We’ve written about Path.to several times here at TNW, starting last August when the service launched as a competitor to LinkedIn, in that it provided a beautiful way to visualize one’s resume. However, the company made a pivot over the past few months, bringing to the front of its focus something that is on everyone’s mind: jobs.
The newly launched Path.to keeps much of its old power, including its endorsement system. However, the company is moving in a new, and potentially more lucrative, direction.
Hiring sucks, as does finding the right job. Recruiters are annoying, and sifting through endless applications submitted by people who aren’t the right fit is a waste of time. Even more, if someone looks right on paper, they might not be a cultural fit; a suit guy isn’t going to fit in next to the guy in gym shorts, socks, and no shoes.
Path.to recognizes those facts, and has come up with a solution. Users of the site input various pieces of information – more than just what they can do (you can import you experiences from LinkedIn, of course), but also answer a few questions (using sliders, natch) about how they like to work.
Then the Path.to algorithm (the company’s secret sauce) ‘algorates’ them with the jobs in its database:
Employers get the opposite of that. Instead of being fed jobs with a score based on how appropriate they are, they are given a list of candidates that are most suitable for their positions. Thus, both people looking for a new gig, and those who need to fill one, save time by having the right positions or candidates brought to them.
TNW’s view is that Path.to has taken the most powerful component of its old platform, and has built it out to its full potential. The company’s success or failure will come from the strength, or weakness of its algorithm; if it matches people and jobs well, then Path.to provides real, monetizable value. If, however, the algorithm doesn’t, Path.to will struggle. I can’t comment much on that as I’m not looking to hire, personally. It will be quite apparent, though, in the coming weeks.
Path.to is free for businesses for the next few months, but posting a job will eventually come with a fee. That’s standard. Path.to also announced $1.5 million in funding today.
The company is launching with a focus in the Bay Area (other locales coming soon). Some 100 companies are in its database now. That number will rise now that the company has launched the product, I presume.
Read more from the original source: Path.to relaunches to shake up how job candidates and employers find one another