Foreign workers take jobs from Americans (click title to entry - thank you)
February 1, 9:17 AM
by Martha R Gore, Watchdog Politics Examiner
February 1, 9:17 AM
by Martha R Gore, Watchdog Politics Examiner
Foreign imported workers have been used by American corporations under the false allegation of a worker shortage. The real reason for using foreign workers is that they are willing to work for lower wages.
As far back as 2002, Nobel economics laureate Milton Friedman said that the 1990 H-1B visa program is a government subsidy because it allows employers access to imported highly skilled labor at below-market wages. The excuse is that there are not enough qualified American workers but the reality is that since 1960, 30 million Americans have graduated with bachelor's degrees and advanced degrees, who could work as scientists, engineers, computer programmers and mathematicians.
During that time, there were only 8 million high tech positions that needed that level of training. So Americans were competing with foreign technical workers for the same positions. Between 1975 and 2005, more than 25 million foreign workers were approved in just five highly skilled visa programs. Fast forward to 2009 and the growing number of unemployed in the United States (U.S.)
According to a review of visa applications published by the Associated Press (AP) on February 1, 2009, a good example is the banking industry which is being bailed out with billions of U.S. taxpayer dollars. Over the last six years, dozens of banks now receiving bailout funds have requested visas for more than 21,800 foreign workers as senior vice presidents, corporate lawyers, junior investment analysts and human resources specialists. During a time when huge numbers of bank employees were being laid off, the number of visas sought by a dozen banks actually increased from 3,258 in 2007 to 4,163 in 2008....
As far back as 2002, Nobel economics laureate Milton Friedman said that the 1990 H-1B visa program is a government subsidy because it allows employers access to imported highly skilled labor at below-market wages. The excuse is that there are not enough qualified American workers but the reality is that since 1960, 30 million Americans have graduated with bachelor's degrees and advanced degrees, who could work as scientists, engineers, computer programmers and mathematicians.
During that time, there were only 8 million high tech positions that needed that level of training. So Americans were competing with foreign technical workers for the same positions. Between 1975 and 2005, more than 25 million foreign workers were approved in just five highly skilled visa programs. Fast forward to 2009 and the growing number of unemployed in the United States (U.S.)
According to a review of visa applications published by the Associated Press (AP) on February 1, 2009, a good example is the banking industry which is being bailed out with billions of U.S. taxpayer dollars. Over the last six years, dozens of banks now receiving bailout funds have requested visas for more than 21,800 foreign workers as senior vice presidents, corporate lawyers, junior investment analysts and human resources specialists. During a time when huge numbers of bank employees were being laid off, the number of visas sought by a dozen banks actually increased from 3,258 in 2007 to 4,163 in 2008....
