I have two points to make. One, you are an idiot. You do not know how to quote properly and you need simple concepts explained to you. Two, open borders will result in US living standards falling to the average world living standard. Finally, I am adding you to my ignore list for being stupid, annoying, and lacking in manners. Goodbye.
10% unemployment but H1B visas accelerating
- Thread starter noob_trad3r
- Start date
Roark
Registered: Jul 2010
Posts: 689
12-02-11 02:38 AM
I have two points to make. One, you are an idiot. You do not know how to quote properly and you need simple concepts explained to you. Two, open borders will result in US living standards falling to the average world living standard. Finally, I am adding you to my ignore list for being stupid, annoying, and lacking in manners. Goodbye.
You simply have too much time in your hands.....
Registered: Jul 2010
Posts: 689
12-02-11 02:38 AM
I have two points to make. One, you are an idiot. You do not know how to quote properly and you need simple concepts explained to you. Two, open borders will result in US living standards falling to the average world living standard. Finally, I am adding you to my ignore list for being stupid, annoying, and lacking in manners. Goodbye.
You simply have too much time in your hands.....
A complete and total lie. When you increase the supply of something it gets cheaper. This is microeconomics 101. When you increase the supply of labor it gets cheaper. You know that, and that's why you favor importing H-1b workers.
If, as you have said, H-1b workers do basically low skilled labor that any monkey can do, then surely nearly any of the 10% of Americans who are out of work could be employed to do that work.
Considering that there are anywhere from 3 to 4 million IT professionals in the US, 60 thousand jobs are just shy of two percent. Do you really believe that the slope of the demand curve is so steep that a two percent change in supply will have a material effect on the equilibrium and thus, on the compensation?
Everybody loves free markets until its their neck on the chopping block.
There are 3 to 4 million IT professionals in the U.S. Over 100,000 IT workers have been imported each year using H1-B, L1, and other types of Visas. This means that over 1 million IT workers have been imported to the U.S. over the past 10 years.
According to your math there are 3 to 4 million IT workers in the U.S.; this means that 25% to 33% of the IT workers in the U.S. are visa holders rather than citizens. This is an assertion that mirrors what I see in the workplace.
Do you really believe that importing 100,00 IT workers each year has no impact on the demand/supply curve and salaries?
Here is some Wikipedia reading that everyone can do on H1-B visas so they can be more fully informed.
http://en.wikipedia.org/wiki/H-1B_visa
http://en.wikipedia.org/wiki/H-1B_visa
85% Indians are willing to migrate to USA at $200/month salary due to lack of https://en.wikipedia.org/wiki/Social_mobility in India.
Exactly. The impact has been nothing short of dramatic.
The politics of this have been documented:
Influence-peddling by big corps in Washington.
Man, have they benefited.
Example: Merck maintains a 95% foreign outsourcing level for technology personnel. They monitor this MONTHLY. Heads fall if it drops below this "target".