India to Chinese investors: No more visas, hire Indians

This is never a good thing to bring foreigners to do work that the locals are perfectly capable of doing.

Just look at the US. There are too many H1B's shipped in to do work that US Citizens are perfectly capable of and willing to do at even lower wages. Many H1B software guys in the US earn between $80k to $200k and eventually take their savings back to their country of origin.

How has that benefited the host country in any way? I think Protectionism is a good thing when it comes to protecting a country's competitive edge.
 
Quote from sysre:

This is never a good thing to bring foreigners to do work that the locals are perfectly capable of doing.
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Chinese construction companies have won some sizable jobs in the US... and brought their own workers.

Only way around this is protectionism, but that's difficult to invoke when we're dependent upon the Chinese to continue lending us money...
 
China only lend us money in proportion to our annual trade deficit. If we have no trade deficit with them, they won't lend us money.

The reason we need to borrow money is to take care of the displaced & unemployed workers. If these people were employed by the private sector in the US, which would be the case if there were no trade deficit, there would be no need to expand the government and borrow money.


Quote from Scataphagos:


Only way around this is protectionism, but that's difficult to invoke when we're dependent upon the Chinese to continue lending us money...
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Quote from indexer:

China only lend us money in proportion to our annual trade deficit. If we have no trade deficit with them, they won't lend us money.

The reason we need to borrow money is to take care of the displaced & unemployed workers. If these people were employed by the private sector in the US, which would be the case if there were no trade deficit, there would be no need to expand the government and borrow money.
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+1

Pretty much.

Add to that that the original source of capital for China was Wall Street and Walmart, and much of the trade deficit gets recycled back to those entities.
 
That isn't protectionism.

The chinese for example buy the commodity, or build a building and then use chinese labor for it too! That's 100% economic nationalism for China where all wealth is given to chinese and they are using YOUR back yard for their profiting. To want to have indians work on indian soil, nothing wrong with that.
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That is not true. I think the real reason is labor control. China is not a democracy and the people in charge has immense power over everyday workers.

You added the fact that if they worked oversea, they are an even more captive labor force.

Chinese companies will not do this unless this is the best financial option.
 
Quote from number22:

Trust me, all hardworking Inidia is already in NA or Europe right now, the rest of them are just lazy bum.:D
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This is not the correct observation you did. There are so many guys stay in india even if they got best living chances in abroad. In my opinion working in other country mean selling our knowledge to outers instead of sharing with brothers. I think relationship occupies the first place when compared with business.
 
Quote from leela:

Not all - but eurpe & USA stole the best. The good ones that stay back are workign on off-shored projects for USA/Europe/Australia.

Any good workers want to work a slave factory from the China ???
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Wow good quote bro, I am thinking the same,,,,

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