Backlash grows in US over foreign worker visas

[StinkyPinky]

This is happening everywhere in the developed world. My brother was based in London for 6 years and last year went to the Philippines to train some workers. A few months later his entire team in the UK was sacked and he was asked to move to Manila to look after the new team. Needless to say he declined.

This was a US insurance company by the way.

 

[StinkyPinky]

I like his comedy, but he has totally missed the point here.

Companies don't care if they're shit. All bean counters and senior manages care about is the bottom line. Most of them are only there for the short term so will quite willingly fire local workers and outsource them to some 3rd world country for 25% of the salary and then proudly proclaim they've saved the company money and ask for a pay rise.

 

[Mani]

Never mind, this is the dumbest prolonged debate I think I have ever been.

You're right. But not for the reasons you think.

 

[michal1980]

You're right. But not for the reasons you think.

Its because your here. With your bullshit about how foreigners are better then Americans.

 

[Zebo]

I like his comedy, but he has totally missed the point here.

Companies don't care if they're shit. All bean counters and senior manages care about is the bottom line. Most of them are only there for the short term so will quite willingly fire local workers and outsource them to some 3rd world country for 25% of the salary and then proudly proclaim they've saved the company money and ask for a pay rise.

Exactly it's a race to bottom labor rates. People are so stupid. It's institutions that make for more egalitarian societies not people since people are basically equal world over.

Institutions like individual property rights so you have means of production, right to organize so you get more % of your labors, fair competition so if you're an upstart big govt goonies or monopolies cant shut you down, merit based higher education so best and brightest among us get a shot at constructing world, among other things lead to the west's and now East's 1st worldism. Not people as much as Whites and Asians like to think they are "superior".

One could argue well they made those institutions. Well yeah but we are breaking them all down just as fast stupidly.

 

[Mani]

Its because your here. With your bullshit about how foreigners are better then Americans.

First I was a racist, now I believe in foreigner superiority? Try to take the time to actually read my posts instead of projecting your insecurities into them.

 

[michal1980]

First I was a racist, now I believe in foreigner superiority? Try to take the time to actually read my posts instead of projecting your insecurities into them.

your still a racist. you just didn't get why I labeled you that.

you hate Americans.

 

[Zebo]

Of course they are paid the same. It's inviting a lawsuit not to. You cant pay one systems engineer x and another half in same position let alone justify the H1b in the first place. Issue it not their pay it's everyone's pay when you consider Econ 101 where, the price of labor, like anything else, is a function of supply and demand. With unlimited H1Bs you effectively freeze or even lower everyones wages rather than pay more to attract Americans to the field and invest in existing and prospective employees education.

Ultimately it's a race to bottom. Labor get less % of their work. Capital gets more % of their work. This should be obvious looking at the static worker pay last 20-25 years while CEO, officers and stock market sky rockets.

Why do you think all business groups, chamber of commerce, CEOs love open borders? More profit. Less competition from their would be upstart workers who made a few million (back in the day)


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This whole issue boils down to what kinda of society one wants to live. One where capital holds all the cards and gets most profits like time eternal? Or a world where workers gets paid well, gets leave, are safe, HC, and such the labor movements fought for that you and your parents enjoyed. I'll agree that we are lazy like mani states - mainly mentally lazy and forget what life was like in gilded age and doomed to repeat it. Serves us well.

 

[Mani]

your still a racist. you just didn't get why I labeled you that.

you hate Americans.

The Dilbert quote about arguing with idiots rings so true right now.

 

[halik]

So, the foreign worker must be paid equal or higher than the prevailing wage. That means that the worker cannot out compete the US citizen worker on price. This means that they are beating out US workers on skill/productivity.



Seems like H-1B visas are not doom and gloom.

Econ 101, what happens to market-clearning price (ie prevailing wage") if you introduce more supply at said price?

Say companies are willing to hire 100 identically-skilled software engineerings at $75K (and more if the wage is less and less if the wage is more). Now introduce 25 more identically-skilled software engineers that can be paid $75K. Companies are still only willing to hire 100 of them for that wage, so in order for the market to "clear" and everyone to have a job, the prevailing wage HAS TO go down.