« Financial Losses | Main | U.S. Real GDP »

April 21, 2008


Feed You can follow this conversation by subscribing to the comment feed for this post.


Well, to help things along Bush and all the presidential candidates seem to believe bringing in more employees from undeveloped countries at lower wages would help a lot. Here's Richard Koman over at ZDNet.

Move to increase H1B visas
Posted by Richard Koman @ April 21, 2008

From TechCrunch: House Republicans are asking the Democratic leadership to act on Bill Gates’ increasingly urgent calls for an increase in H1B visas for foreign high-tech workers. In a letter to Speaker Nancy Pelosi, the House Republican Study Group said:

As a country, we are effectively handing these highly-educated, extremely desirable individuals a diploma and a plane ticket. The message we are sending is “You can learn here, but you have to work in another country.

The Republicans asked for movement on HB 1930, which would increase the H1B cap from 65,000 to 115,000 and calls for a 20% increase every year that the cap is met.

By TC’s reckoning all three of the remaining candidates favor increasing the limit.

Doug Carmichael

Combinig this with slide 1, the path to profitability is through exports but with foreign talent and much lower US wages for producers. This keeps the money folks in profit wuith a radical downsizing for the rest.What would the unintended consequences be? The profit will be used to pay down debt but not benefit workers, who will not realize their production with buying power.

The comments to this entry are closed.

From Brad DeLong

About Brad DeLong