10% unemployment but H1B visas accelerating
- Thread starter noob_trad3r
- Start date
This is probably the main reason H1-Bs undermine US job market.... They facilitate a downward preassure on salaries.
Before the economic crises the H1-B quota used to be filled before end of spring. So, if the quota isn't fully used up this late in the year, this means there is a serious preassure on "immmigrant" jobs too.
That mobility is called "Green Card" but it only comes after many years of so called slavery. People with GC usually have full mobility and have same bargain power that a local employee has
The number of people holding green card are much higher than current yearly H1B supply (it is 65K now but in old days it was 195K). So the issue that you mentioned is only correct to an extent.-
You take Coke's dividend very happily but complain about your job losses. These are by-product of globalization and open market policies that helped America grow in recent years. You political representatives voted for it then. You can't undo things now.
Be reasonable. You will always get the full package. You can't be selective and pick all of your terms.
Quote from TraderSU:
That mobility is called "Green Card" but it only comes after many years of so called slavery. People with GC usually have full mobility and have same bargain power that a local employee has
-
You take Coke's dividend very happily but complain about your job losses. These are by-product of globalization and open market policies that helped America grow in recent years. You political representatives voted for it then. You can't undo things now.
Be reasonable. You will always get the full package. You can't be selective and pick all of your terms.
oh go fuck yourself, parasite
you might try some of our soap, you need it a lot more than the Coke
why do you bastards all have such bad body odor?
H1B is a fraud program
http://www.youtube.com/watch?v=fg3bRPa9whQ
anything endorsed by republicans is bound to be a scam. we all know that.
http://www.youtube.com/watch?v=fg3bRPa9whQ
anything endorsed by republicans is bound to be a scam. we all know that.
I hope people realize that almost half of the engineers and scientists in Silicon Valley are foreign born. And this doesn't include the engineers whose parents or grandparents were foreign born. So, just because something was "designed" or 'thought of" in America, doesn't mean an American did the technical work.
One of the main reasons companies want the H1bs is because they won't/can't run off to another company looking for more pay or a promotion as soon as they master their job, like an American will do. High tech companies have been burned repeatedly by investing in training their technical workers only to lose them before the investment pays off. So, part of it is the fault of the American worker.
One of the main reasons companies want the H1bs is because they won't/can't run off to another company looking for more pay or a promotion as soon as they master their job, like an American will do. High tech companies have been burned repeatedly by investing in training their technical workers only to lose them before the investment pays off. So, part of it is the fault of the American worker.
So, part of it is the fault of the American worker?
Isn't that the cost of a free market? Freedom of movement of capital is allowed, but freedom of movement of labor should be circumvented? Isn't that a double standard?
Look, I'll be balanced and say that the H1B Visa does have merits - one being that we get to "brain drain" another country. But at what cost? We have 10 great foreign engineers that design a product, yet because of outsourcing, we lose 1,000 manufacturing jobs that make that product designed by those engineers.
But again the reminder.... we are in an employment DEPRESSION. Time to re-adjust our labor strategies.
H-1B visas addresses the needs of the country if, there were qualified citizens; they would have been hired. Do you realize how much it costs companies just to process H-1B visa applicants paperwork? Perhaps a more appropriate topic would have been why more American teenagers/ college students don't study math and sciences.
-----------------------------------------------------------------------------
I have to agree with the above statement as I am guilty. I am in a very good position but it not due to my Private University degree in "Liberal Arts".
I'm one of the very few Private Equity Guys that had to learn..."Financial Math" OJT. My gift is building relationships fast and converting millioniars into buying machines. That gift has been groomed and its an on going process. Such a gift can not be taught in class rooms....but more so on the streets.
Yet, the "Numbers" game can be taught. And so can science. It's simple and its needed in today's work force. Of course high level financial math is done via computers now...to caculate risk. But you need to understand the math behind the concept.
The majority of people come outa school, like me, but yet end up in far worst positions in life when they have zero science and math skills. Just look at WallStreet now... hence the Visa game.
-----------------------------------------------------------------------------
I have to agree with the above statement as I am guilty. I am in a very good position but it not due to my Private University degree in "Liberal Arts".
I'm one of the very few Private Equity Guys that had to learn..."Financial Math" OJT. My gift is building relationships fast and converting millioniars into buying machines. That gift has been groomed and its an on going process. Such a gift can not be taught in class rooms....but more so on the streets.
Yet, the "Numbers" game can be taught. And so can science. It's simple and its needed in today's work force. Of course high level financial math is done via computers now...to caculate risk. But you need to understand the math behind the concept.
The majority of people come outa school, like me, but yet end up in far worst positions in life when they have zero science and math skills. Just look at WallStreet now... hence the Visa game.