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Greg Siskind on Immigration Law and Policy

S-T-U-P-I-D

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That's how best-selling author Thomas Friedman describes the anti-H-1B measure passed in the Senate last week. He has an excellent opinion piece in the New York Times defending the H-1B visa program and explaining why we need MORE, not fewer, talent workers in the US if we are to revitalize the economy and keep the US on top. Friedman reminds readers that more than half of the start up companies in Silicon Valley were started by immigrants, a sizable portion of whom were originally on H-1B visas. That's a track record that shows that H-1Bs are job creators.

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  1. George Chell's Avatar
    Overall this means more H1Bs for other workers. Infosys is not too concerned about this amendment...

    http://economictimes.indiatimes.com/Infotech/H-1B_curbs_not_for_Indian_IT_cos_Infy/articleshow/4110508.cms

    However, there are other consequences specific to the Banking sector and the US taxpayer, the most important of them being outsourcing. If this means more jobs for tellers, may be beneficial to the American worker, but if it is more complicated work, Citibank is likely to hire more workers in Singapore or Canada and fewer here in the US and due to global agreements on investment, this cannot be stopped. This is what we call Foreign Direct Investment (FDI). Unlike outsourcing, which is temporary, FDI tends to be permanent. The severe consequence is that it could be a loss of tax dollars even as the US debt and deficit goes up.
  2. Legal and no longer waiting's Avatar
    Well, if you think about CDOs and all the stuff that got the banks into this mess - don't you think having more talented people - and non-Americans to boot, who, for once may have been able to notice the whole crazyness of 0% down interest only ARMs - would have not been beneficial? Really? So, now, when Bank of America may be sued by Societe General (or any other European bank) over CDO disclosures, somebody really believes that it would be detrimental to American workers if BOA hires a brilliant lawyer with a JD from Harvard and Sorbonne? Really? You want that brilliant lawyer to play for the other side just because BOA is taking the bailout money? Really? So, if the the Red Socks need a bailout, it would a great idea for them to sell their best foreign players to the Jankees and hire Americans only? Cause, you know, there is a bunch of Americans who would love to play for the Sox, and it hiring them will sure as hell help drop the game attendance to next to nothing...
  3. George Chell's Avatar
    As I have said, if they want to hire foreigners they will hire them..only not in this country. Nothing prevents a Singaporean from sitting in Edmonton or Vancouver office of the Citibank and provide advise on American bankruptcy issues. This idea of jobs will go to Americans and wages will go up if foreigners are not let in continues to boggle my mind. Programmer wages have gone down despite the 2003 reduction in H1B visas from 115,000 to 65,000 and the number of US programmer jobs have sharply declined and the number of programmers hired by US corporations in places such as Singapore and Malaysia have increased.
  4. George Chell's Avatar
    "So, if the the Red Socks need a bailout, it would a great idea for them to sell their best foreign players to the Jankees and hire Americans only? Cause, you know, there is a bunch of Americans who would love to play for the Sox, and it hiring them will sure as hell help drop the game attendance to next to nothing..."

    Wait and watch! If the number of Asians sharply increase it will become an issue among the antis. However, if it is a bunch of Irishmen or Germans they would not care! I see something similar in English cricket. In 1976 as the number of foreign (and even local) blacks playing in county cricket tournament increased, everyone was raising hell as it was considered detrimental to English cricket. However, as the number of white Aussies and South Africans increased they were welcomed with open arms! To this day, a lot of folks in England dont like the idea of non-Caucasians playing for England. Of course, in Australia, if you are a non-Caucasian citizen cricket player, you would not even make it to state level cricket, let alone play for the country.
  5. Legal and no longer waiting's Avatar
    "This idea of jobs will go to Americans and wages will go up if foreigners are not let in continues to boggle my mind."

    If this was true, then in case the Native Americans had been able to kick out the settlers, the Native Americans would have had the highest standard of living in the world now. LOL!
  6. George Chell's Avatar
    "If this was true, then in case the Native Americans had been able to kick out the settlers, the Native Americans would have had the highest standard of living in the world now. LOL!"

    However, this dumb argument has been put out by George Borjas of Harvard, Vernon Briggs of Cornell and Ronil Hira of the Rochester Institute of Technology! I really dont think that they are dumb (if they were it would be difficult to survive at these institutions), but they get their financing from the antis, and sell their souls to them!

  7. Another voice's Avatar
    This is more of the so called " Buy American" we keep hearing about in the stimulus package. Closing off to the rest of the world will hurt us and not help us, the job market is no different. We need these H1B visa holders to be productive here, not somewhere else.
  8. b's Avatar
    >>This is more of the so called " Buy American" we keep hearing about in the stimulus package.

    What qualifies as buying American? Who certifies it? Can I be sure that if I buy a Ford vehicle, I am getting an American product? Are there no component in a Ford car that was manufactured elsewhere? If so, is there a magic formula for qualifying as American. Perhaps more than 50% in weight made in U.S.A., perhaps in value, perhaps in number of components.
  9. b's Avatar
    It is an honest question when I ask what is an American product? Honda, Toyota assembles cars in the U.S.A. Does it qualify as American product?
  10. George Chell's Avatar
    "It is an honest question when I ask what is an American product? Honda, Toyota assembles cars in the U.S.A. Does it qualify as American product?"

    Depends on your financial or social interests and agenda. If you talk to GM workers, they are not American although they are made in America more often so than GM. If you talk to workers in Indiana and Kentucky, it is a different story. Some people associate Anglo-Saxon names with America while they dont associate Japanese or Chinese name with America. It depends on who you ask!

  11. b's Avatar
    >>Depends on your financial or social interests and agenda.

    Thanks GC. I was/am aware of the social and political answers. I was wondering if the proponents of buy American have actually given some thought towards a more quantitative answer. Or any honest attempt at this? Maybe through tax filings (which is not my area of expertise)?
  12. George Chell's Avatar
    "I was wondering if the proponents of buy American have actually given some thought towards a more quantitative answer."

    I dont think so!
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