Billionaires complaining about paying free market wages for American labor. Shocking.
Posted on 07/01/2020 4:19:11 AM PDT by Sir Napsalot
If President Donald Trump can push his H-1B reforms into 2021, he will dramatically increase the marketplace power of U.S. college graduates, complains a top manager at the Fortune 500 business group the Conference Board.
“If the [H-1B] suspension continues beyond 2020, recruiting high-quality tech workers could become much more difficult,” wrote Gad Levanon, who heads the group’s Labor Market Institute that has repeatedly recognized that a smaller supply of workers tends to raise wages and salaries.
Under Forbes‘ headline, “Tech Workers Were Already Hard To Find. The H-1B Visa Suspension Just Made Recruiting Them Even Harder,” Levanon wrote:
Hundreds of thousands of foreigners will no longer be able to attain work in the U.S. as a result.Computer experts are “likely to regain their hot commodity status in the next year or two,” he wrote.This halt will deal a one-two punch to employers of computer-related occupations, which includes jobs such as software developers and computer systems analysts. First, people in this field receive the overwhelming majority of H-1B visas. Out of the nearly 400,000 H-1B petitions approved in fiscal year 2019, about two-thirds were in that line of work. Most went to software developers.
Second, computer-related workers are the one group for which the labor market will soon become tight again. When that happens, new foreign workers may be sorely missed.
(Excerpt) Read more at breitbart.com ...
If companies have to pay out higher wages and better benefits to attract the tight supply market, more Americans would be flocking to the "software developer" field.
Unless Gad Levanon and the group he represents have the intrinsic bias that FOREIGN workers have better training/what-nots than Americans.
I think, business groups like the Conference Board just want foreigners with H1-B visas at their mercy, the businesses can pay them lower wages and dangling the green card applications to keep them on their plantations.
Sorry about the title, one letter got cut off.
Business Group Complains....
Sounds like one of yours.
STEM fields by definition are almost universal in nature. I would think the biggest concern for the U.S. would be the out-migration of STEM industries to foreign countries.
Why would a U.S. employer bother hiring Americans — or even H-1B immigrants — if it’s easier and cheaper to do the work in India or the Philippines?
This is a very good thing....
I’ve seen it first hand, American IT workers making really good middle class wages, in the 80-100k per year, living in Florida a low tax state.....get let go but in order to get a severance package have to hang around and train their replacements....most of whom come from India on H1-B visas to get trained and return to India and work for a fraction of what the US worker was making...
We have plenty of IT workers who are as talented as any in the world, but these companies have to pay them a competitive US wage which they can absolutely afford
The ANTI-AMERICAN Business Conference Board wants U.S. college graduates to be peons, not TECH innovators and future business leaders.
They don’t.....some do but the major ones don’t....
I’ve seen it first hand, Bank of America and Disney have in the past replaced entire IT staffs with foreign workers who come over on H1-B visas, get trained by the people they are replacing and the return to India making a fraction of what a veteran IT worker makes in the US...
Always looking for cheap labor it’s the neocon way
Billionaires complaining about paying free market wages for American labor. Shocking.
Ok here we have a typical Republican defending the indefensible....
This rape has been going on since the 90’s.
It’s not just salaries.
Another problem is attracting prospective employees to blue states with sky high taxes, lousy schools.
H1B’s tend to be a lot less picky about where and how they live.
Which is great if you’re a blue state trying to keep your big biz from bugging out.
This is a good thing, for American college graduates. Only a free traitor could have a problem with this.
I haven’t defended anything, you dope. I simply asked a question that comes up in my STEM field all the time.
Fixed it.
I would think the biggest concern for US citizens is having gainful employment. Get it?
Cool, maybe I’ll come out of retirement.
HIPAA laws and Information Security (Financials, Social Security numbers) make offshoring a lot of this work prohibitive.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.