The oversupply of accounting graduates and the low wages prevalent in the industry are not enough for big accounting firms, who demand H-1Bs.
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Here are two typical comments from the WSJ story:
Marcus Sauer 21 hours agoThe big firms are trying to get accounting considered a STEM field, which will mean more visas.
I recall getting a master of accounting at a top American University; my class was literally 80% Chinese. When the Big 4 accounting firms came around, they recruited ONLY Chinese nationals did not even interview any American students.
Paul Mcbride 1 day ago
If you think corruption is bad now, just wait until you get a bunch of H1B Visa holders from India working on your annual statement. The other issue is critical thinking- it's very hard to find.
You will spend a fortune on more external tax and audit time trying to get things straight.
Big 4 are looking to drop their labor costs. This is another boondoggle.
See previous letters from the same reader.