Friday, March 5, 2010

A Hidden Corporate Subsidy

This is interesting, an article about imported workers, tho it's a bit dated. I thought I was a bit dense because I couldn't find figures for how many foreign workers are working in the country. I'm not a zenophobe. My degree is in International Business. But there is a limit to our hospitality, isn't there?

Here is more about importing labor:

No labor shortages

Nobel Prize winning economist Milton Friedman called the program a corporate subsidy, as quoted in a 2002 article in Computerworld.[15] The accuracy of this quote can not be ascertained, however, as Mr. Friedman has since died. Others holding this view include Dr. Norman Matloff, who testified to the U.S. House Judiciary Committee Subcommittee on Immigration on the H-1B subject. Matloff's paper for the University of Michigan Journal of Law Reform claims that there has been no shortage of qualified American citizens to fill American computer-related jobs, and that the data offered as evidence of American corporations needing H-1B visas to address labor shortages was erroneous.[16] The United States General Accounting Office found in a report in 2000 that controls on the H-1B program lacked effectiveness.[17] The GAO report's recommendations were subsequently implemented.

No comments: