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Another Response
Feb 20, 2009 12:14 AM GMT
Some of us are trying to belittle the effects of H1/L1 saying that, it has negligible impact on the present economy. It is not entirely true. Look at a larger picture. Because H1/L1 are easy to get through staffing firms, most US companies have stopped providing any career advancement trainings to their employees (most likely US workers), fueling the same argument that we lack skilled workers!! For the employers, it is easier to get a H1/L1 candidates instead of training you, for cost purposes. What will happen when an US employee loses a job? He is back home claiming unemployment for a while, fails to provide proper education to kids, and possibly files bankcruptcy, if he(she)/family falls sick. Now, as a a result the government gets taxed as another US worker is no longer productive (possibly under bankcruptcy), while the employer who replaced the US citizen profits (in various ways, and ofcourse the company stock price goes up), they get a young workforce, there by reducing group medical insurance costs and other liability costs. Now, multiply this by 65,000/year for 10 years (some times 115,000/year), or for L1 visa- no limit. The effect is not miniscule.
USINd
Feb 20, 2009 12:02 AM GMT
That�??s the problem S. Crewed- you don�??t do the math right- even if we stick to your numbers of 1 Million H1B guys on US soil and add up their 110K/Year, it still amounts to just $110 Billion which is 0.785% of the $14 Trillion GDP. They pay 30% tax, so subtract $33 Billion, you are left with $77 Billion, which brings it to 0.55% of GDP. Now, subtract $66 Billion they spend in living expenses on US soil, you are left with $11 Billion. Compare that to $750 Billion that they gave out as TARP from your and my pocket and are not telling us what they are doing with it�?��?�.I am more interested in finding out and stopping the burglary of $750 Billion in broad daylight over the $11 Billion�?�.so dude don�??t be stuck in the smoke screen they are creating for us, lets challenge our politicians and make them answerable to us, it�??s our money they are doling out to the finance executives!!! Now the choice is yours, do you want to get side tracked by the smoke or take a hose and extinguish the fire!!!
S. Crewed
Feb 19, 2009 11:14 PM GMT
The U.S. has about 1,000,000 H-1Bs in this country RIGHT NOW because the visa lasts for 6 years (and now 7+ because of a recent extension). The 85,000/year number is a fictitious "limit" that has never, ever been adhered to owing to annual exemptions and oversubscription. The average is around 110,000/year for 2003-2006. Furthermore, H-1B is joined by the L-1, the F-1 and other visas currently being abused. A list of L-1 employers compiled by Sen. Grassley (IA) in 2007 runs over 300 pages, with some employers bringing in thousands of L-1s. Employers' abuse of the L-1 program correlates with employer abuse of the H-1B program. There are no limits on either L-1 or F-1. The numbers are therefore EVEN HIGHER than the 1,000,000 H-1Bs. Finally, H-1Bs (and L-1s) fuel offshore outsourcing. Even India's finance minister admits this and calls the H-1B the "outsourcing visa." Many of the biggest H-1B employers are Indian offshore outsourcing companies (7 out of the top 10!) More offshore outsourcing to India in practice has meant jobs lost in the U.S. - not gained.