Guest‑Worker Permits Rival CS Graduates

U.S. visa and post‑study work permit issuance for tech roles is approaching the number of domestic computer science graduates, effectively pre‑allocating a large fraction of entry‑level jobs to foreign workers. That pre‑allocation correlates with stagnant real starting wages and falling six‑month full‑time employment rates for recent American CS graduates. — If true, this dynamic reframes debates about immigration, higher education returns, and labor-market policy by showing policy choices can systematically crowd out recent domestic graduates.