+100 I'm always amazed at how so many traders --supposedly a rational bunch-- just guzzle down corporate koolaid.
No trouble is going to come of this because there is no problem. Why believe someone who has every incentive to lie?
By the way, let's not forget that we are ALL immigrants here in the USA, including our Founding Fathers (may they rest in peace). Unless you are a native Indian, of course.
Really? So the fact that only 4% of undergraduates are seeking degrees in STEM is not a problem? OK gotcha.
You are confusing outsourcing with H1-Bs. H1-B is a visa status of foreign workers. Many of them first come here for higher education and then chose to stay back to work. When they decide to work they have to convert their student visa to H1-B. Others come in for consulting assignments directly on a H1-B. It is the latter case where there could be some under-cutting of salaries. Again, what you have listed above has nothing to do with workers coming in here and taking jobs with lower pay and screwing over the US workers.
American workers are a pain in the ass. They want a cafeteria, good food, weekends off, competitive wages, high quality benefits and on and on and on. Yes, the young will sometimes sleep on couches and rally for deadline but will expect gratitude, bonus and a raise . They really expect to only work 50-60 hours a week for that salary. Lazy, expensive, asses. Give me your brilliant , huddled, masses. They expect much less, will work longer for it , and view less porn. Or, so i have heard.
Please don't even try to lecture me about H1 Visa, my brother is a lawyer and an expert in that field, he knows everything about it. Now, Mister "I Know It All", ask yourself this simple question: Why would the all mighty US grant that kind of visa to foreigners?