10% unemployment but H1B visas accelerating

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

  1. Roark

    Roark

    I have two points to make. One, you are an idiot. You do not know how to quote properly and you need simple concepts explained to you. Two, open borders will result in US living standards falling to the average world living standard. Finally, I am adding you to my ignore list for being stupid, annoying, and lacking in manners. Goodbye.
     
    #331     Dec 2, 2011
  2. dealmaker

    dealmaker

    Roark


    Registered: Jul 2010
    Posts: 689


    12-02-11 02:38 AM

    I have two points to make. One, you are an idiot. You do not know how to quote properly and you need simple concepts explained to you. Two, open borders will result in US living standards falling to the average world living standard. Finally, I am adding you to my ignore list for being stupid, annoying, and lacking in manners. Goodbye.




    You simply have too much time in your hands.....
     
    #332     Dec 2, 2011
  3. rew

    rew

    A complete and total lie. When you increase the supply of something it gets cheaper. This is microeconomics 101. When you increase the supply of labor it gets cheaper. You know that, and that's why you favor importing H-1b workers.

    If, as you have said, H-1b workers do basically low skilled labor that any monkey can do, then surely nearly any of the 10% of Americans who are out of work could be employed to do that work.
     
    #333     Dec 3, 2011
  4. sle

    sle

    Considering that there are anywhere from 3 to 4 million IT professionals in the US, 60 thousand jobs are just shy of two percent. Do you really believe that the slope of the demand curve is so steep that a two percent change in supply will have a material effect on the equilibrium and thus, on the compensation?
     
    #334     Dec 3, 2011
  5. Everybody loves free markets until its their neck on the chopping block.
     
    #335     Dec 3, 2011
  6. gwb-trading

    gwb-trading

    There are 3 to 4 million IT professionals in the U.S. Over 100,000 IT workers have been imported each year using H1-B, L1, and other types of Visas. This means that over 1 million IT workers have been imported to the U.S. over the past 10 years.

    According to your math there are 3 to 4 million IT workers in the U.S.; this means that 25% to 33% of the IT workers in the U.S. are visa holders rather than citizens. This is an assertion that mirrors what I see in the workplace.

    Do you really believe that importing 100,00 IT workers each year has no impact on the demand/supply curve and salaries?
     
    #336     Dec 3, 2011
  7. gwb-trading

    gwb-trading

    #337     Dec 3, 2011
  8. #338     Dec 3, 2011
  9. LeeD

    LeeD

    Surely, most of those who came to the US 10 years ago either moved to another country or obtained US citizenship. They may have been born outside the US but they are US citizens now...
     
    #339     Dec 3, 2011
  10. Exactly. The impact has been nothing short of dramatic.
    The politics of this have been documented:
    Influence-peddling by big corps in Washington.
    Man, have they benefited.
    Example: Merck maintains a 95% foreign outsourcing level for technology personnel. They monitor this MONTHLY. Heads fall if it drops below this "target".
     
    #340     Dec 3, 2011