Quote:
Originally Posted by gruckiii
I agree there are fluctuations in the number of jobs, but the problem is exacerbated by the H1-B visa cap having no relation to the job market. After the dot com burst and 9/11 over a million software developers lost there jobs here. They Raised the cap.
(7 if you count 1 year extensions)
Yes which they are committing fraud in order to do. See the video? They are finding creative ways to disqualify all American Applicants.
Their lowered mobility for those 7 years causes depressed wages. After they get their greencard they start to get screwed by the next boatload of people desperate to come to America.
|
Once they prove that no other American can do their job, there wages cannot be depressed, because they can get permanent residence and work wherever they'd like to. They do not need to prove that no one else can do their job in order to get an H1-B visa, they only need to prove that the company which hired them wants them to do it.
Quote:
|
Wouldn't wages be going up for knowledge worker Americans if Americans were switching to a knowledge based economy?
|
They are, manufacturing wages have stagnated along with a host of others, while the tertiary educated are earning more and more. This is whats driving the wage disparity.
Further afaik the cap refers to the entire program, not to specific industries.