Same here, but in semiconductors.
Liberals have discovered the Hindus to be much smarter than they thought and aren't the politically correct lapdogs they had them pegged for, now they want to get rid of them...
Kurukshetra War - Kali Yuga ping...
To be added to or removed from this ping list, please FReepmail Sir Francis Dashwood.
The H1B program should be suspended at least for the next few yrs.
The sad truth is that the US is no longer cost competitive in a large number of formerly high tech fields, many of which the US pioneered.
For instance, the Indian Chandrayaan lunar probe cost just $80 million as opposed to $500 mn and $400 mn for similar Japanese and Chinese probes, all launched in the last few months. Just HOW do you compete with costs structures like that? And no, the Indians float rather than peg their currency. So, its not a currency manipulation thing that accounts for their cost competitiveness.
Keeping the brighter lot amongst the Indians in India should benefit India in the longer run. Will hurt those currently in the US on student visas but am sure the higher edu and industry markets in the US and in India will adapt to changed circumstances within a year or 2 of the H1B program being scrapped.
Either way, India is destined to rise and is currently way, way below her true potential. Of course, the Indian political system is pretty much capable of screwing up anything, so I wouldn’t count on a fast or even a steady rise. It will likely be chaotic, messy but ultimately good for the country - pretty much like the democracy they have.
Just my $0.02.