http://www.wsj.com/articles/top-tech-leaders-to-meet-with-trump-1481501472
Interesting, and tech stocks fell sharply after the election.
Interesting, and tech stocks fell sharply after the election.
Top Tech Leaders to Meet With Trump
- Thread starter Michael J. Fletcher
- Start date
Then we really will fall way behind China. He'll impress them with his knowledge of twitter then find out what they want and offer them something in exchange for catching a terrorist.
I don't believe that. The educational (traditional and non-traditional) system can easily ramp up to meet the demand. Students will be incentivized. Tom Cruise (maybe, even Michael Douglas) will make a movie about being a programmer.....
It would stupid for Trump to kick off his job creation/immigration enforcement by going after H1B Visas. Programmers from India who come to the USA legally and gain employment through H1B Visas do not work for peanuts. There is little evidence to suggest that they lower the pay for the average American Programmer. It could be argued that the long term presence of the H1B Visa Programmers has created a climate/culture of Contract workers. That is the only lasting damage that I see from these visa programs. It has created a very transactional and disposable relationship for many higher level tech workers. There is a real demand there for the best minds.
Trump needs to go after and deport Central and South American workers here illegally. Many of those folks work for less and have truly lowered the working standards and pay by willing to work for so much less. We are talking about manual labor here in many cases, the edge with this group is not brain power as it is with the H1B folks but rather the edge is a willingness to work for less and tolerate sub standard working conditions.
The strain on the USA's welfare system between Illegal Immigrants and H1B Visa Tech Workers is not even comparable. Aside from that there are no known terror threats by bringing H1B Visa workers here from India and China. This is a harmless and intelligent group, going after these folks would only be destructive.
Read somewhere that Musk isn't going to attend.
good riddens , so many associates had to train their H1B replacements 3 to 6 at a time. Then let go...
The only reason H1B tech workers exist is because they work for reduce rate. No way they have more knowledge compared to local tech workers. We trained them, they're idiots. Eventually they catch on, now its almost 20 years ago. I've been over there to train them, we setup offshore development factory. We charge by workstation, so they crown 3 to 5 around each workstation. We can train newbies graduates here just as easy but we can't pay them $5/hr. The H1B's earn about 1/3 at the beginning but now there compensation has caught up and local salary's have come down. No need to put up with foreign tech workers anymore, just train locals. Need to do away with lobbyist promoting offshore and H1B's. Many tech execs are given shares of offshore companies.
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Human capitals, like financial capitals affect the long term growth and prosperities of a nation. The argument that is raging is whether the immigrants, legals or illegals help further the economic well being of the US.
One can argue that legal immigrants that possess the skill sets we need for economic growth should be a net plus for the US as it is a net saving in investments in educations as we do not have to educate those highly skill workers and can put them into productive use immediately. But like all economic theories, what is good for macroeconomics may not be good for microeconomics. For example it always puzzled me that spending and borrowing is good for the economy but a killer for individuals. Same here: Immigrants take good paying jobs from skill US workers and in the short term depressed wages.
On the other hand the questions about illegals are a lot harder to answer. I would argue that even illegal immigrants are in general good for the US human stocks but bad for unskilled workers. You see, illegal immigration is a self selection process: Only those people that are willing to take enormous risks are willing to emigrate and as a result improve the willingness of the recipient nation to take risk and thus improve long term economic growth. This generation's Mexican emigrants are like the past generation's Irish, Italians.... I think most growth in the US came from new starts and small companies and people willing to take risks. In Los Angeles, most of those small street vendors are Mexicans/South Americans (and probably illegals since they cannot find legal employments) and who knows, a few may become the next McDonalds.
Not trying to take side, just a non economist's opinion.
Peace and happy holiday to all.
One can argue that legal immigrants that possess the skill sets we need for economic growth should be a net plus for the US as it is a net saving in investments in educations as we do not have to educate those highly skill workers and can put them into productive use immediately. But like all economic theories, what is good for macroeconomics may not be good for microeconomics. For example it always puzzled me that spending and borrowing is good for the economy but a killer for individuals. Same here: Immigrants take good paying jobs from skill US workers and in the short term depressed wages.
On the other hand the questions about illegals are a lot harder to answer. I would argue that even illegal immigrants are in general good for the US human stocks but bad for unskilled workers. You see, illegal immigration is a self selection process: Only those people that are willing to take enormous risks are willing to emigrate and as a result improve the willingness of the recipient nation to take risk and thus improve long term economic growth. This generation's Mexican emigrants are like the past generation's Irish, Italians.... I think most growth in the US came from new starts and small companies and people willing to take risks. In Los Angeles, most of those small street vendors are Mexicans/South Americans (and probably illegals since they cannot find legal employments) and who knows, a few may become the next McDonalds.
Not trying to take side, just a non economist's opinion.
Peace and happy holiday to all.