News on the economy is all over the place, but a solid thread runs through it: many recent American college graduates can’t find jobs. Not only are employers not hiring, they’re laying off left and right. Amazon and United Parcel Service are each cutting more than 14,000 jobs, and the Wall Street Journal says tens of thousands of white-collar jobs are being cut at other companies.
Yet at the same time, the U.S. immigration system permits thousands of foreign college graduates to enter the job market in direct competition with Americans. Companies employing them don’t have to pay the same payroll taxes as they do when hiring American citizens and permanent residents. This gives foreign students an unfair advantage over American graduates.
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