10% unemployment but H1B visas accelerating

Discussion in 'Wall St. News' started by noob_trad3r, Dec 10, 2009.

  1. gwb-trading

    gwb-trading

    These students have just seen their 40-50 year old parents laid off from IT, programming, research, pharma, and other math/science positions -- and replaced by H1-B people imported from India to do the same work at less than half the pay.

    Do you think that any sane student in the U.S. would go into the math or science field when this is obviously their future?
     
    #301     Nov 30, 2011
  2. jd7419

    jd7419

    Whats your point? No industry is immune, no degree is safe, prediction is futile, now until utopia hits things will get worse for all workers with occasional optimistic times hitting every so often.
     
    #302     Nov 30, 2011
  3. Capitalism is NOT zero sum.
    Globalization is zero sum.
     
    #303     Dec 1, 2011
  4. H1Bs in tech, both SW and HW, make great money and aren't depressing anyone's wages.

    The real problem with IT is that it's no longer really "tech", it's a trade not much different than airplane mechanic or dental hygienist. And it's that commoditization that is putting pressure on wages.
     
    #304     Dec 1, 2011
  5. dtan1e

    dtan1e

    u r missing the forests for the trees, its the bailouts that causes the unemployment to go exponential not any indians or others
     
    #305     Dec 1, 2011
  6. rew

    rew

    Magically, we can increase the supply of labor in a field without increasing unemployment or suppressing wages. In what alternative universe? Businesses hire H-1b workers because they're cheaper than hiring native labor. It follows that wages are indeed being suppressed.
     
    #306     Dec 1, 2011
  7. Exactly...this is true economics 101 at work here.
    You've got to make comparisons with other professions:
    Relative to Lawyers, CPA's, Doctors and other service-oriented professions, a profession in IT has really seen a huge decline in real wages over the past 10 years.
    Again, that's relative.
    12 years ago, the cost of a lawyer for me was 4:1 - 4 days after tax wages for the fee for 1 lawyer for 1 day.
    Now that number is 8:1 !!!! WTF ??
     
    #307     Dec 1, 2011
  8. same goes for nursing

    There are thousands of unemployed nurses in USA and yet there are thousands of H1Bs given to foreign nurses

    Corporations are sucking the blood out of us and we can not do anything
     
    #308     Dec 1, 2011
  9. Wrong. Join OWS.
     
    #309     Dec 1, 2011
  10. I'll try to be clearer.

    The reason the job is even H1B-able is because any monkey can install a Cisco switch in the the server room these days. It's not a rare, or valuable skill anymore.

    THAT is the root cause.

    The H1B thing is just a symptom.
     
    #310     Dec 1, 2011