Posted on 02/02/2009 10:17:56 AM PST by Buffalo Bob
SANTA CLARA, Calif. — Major U.S. banks sought government permission to bring thousands of foreign workers into the country for high-paying jobs even as the system was melting down last year and Americans were getting laid off, according to an Associated Press review of visa applications.
The dozen banks now receiving the biggest rescue packages, totaling more than $150 billion, requested visas for more than 21,800 foreign workers over the past six years for positions that included senior vice presidents, corporate lawyers, junior investment analysts and human resources specialists. The average annual salary for those jobs was $90,721, nearly twice the median income for all American households.
As the economic collapse worsened last year — with huge numbers of bank employees laid off — the numbers of visas sought by the dozen banks in AP's analysis increased by nearly one-third, from 3,258 in the 2007 budget year to 4,163 in fiscal 2008.
The AP reviewed visa applications the banks filed with the Labor Department under the H-1B visa program, which allows temporary employment of foreign workers in specialized-skill and advanced-degree positions. Such visas are most often associated with high-tech workers.
(Excerpt) Read more at chron.com ...
I challenge BHO to put his money where his mouth is and suspend the H1B program until at least the economy recovers.
ping
You stand a greater chance of winning the lottery.
so the bail-out money, from American taxpayers, will be given directly to foreign citizens. that ought to really help stimulate the economy
/s
it’s amazing how stupid people are.
I’m afraid your right but McCain was also for an increase so I guess it was inevitable.
http://www.prweb.com/releases/2009/01/prweb1890854.htm
H-1B Visas, the Economy, and the Obama Era: Immigration Lawyer is Optimistic
Attorney Nair added that President Obama’s choice of pro-H1B Gov. Janet Napolitano as Secretary of the Department of Homeland Security was a significant pointer towards the likelihood of a boost in H1B visa numbers.
I have been thinking that the make work, shovel ready, jobs that the Obama people are planning, are intended for the Hispanic illegals, through the SEIU. Robert Reich sort of confirmed this when he said that these jobs should not go to white men.
I searched on "bank" and "foreign", and found nothing.
Can we finally all agree that all the crap about needing to go abroad for talent that cannot be found locally is just that - crap?
It started way back in 2000.
do you have a link for this?
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