Posted on 03/31/2007 12:18:16 AM PDT by nickcarraway
Suffice it to put things like this. Before the special dividend, Micro$oft was sitting on $56 billion in cash.
If they had invested that in US Treasuries -- the "risk-free" rate of return according to financial types -- at the low point in the interest rate cycle, they would have had approximately $1 billion per year "risk free" with which to hire American techies.
All this without jeapordizing either the principal or the cash flow from continuing operations.
And remember that the cash hoard was built up before the current offshoring craze, meaning they built up the money paying prevailing wages.
So this is just unforgivable greed on the part of the executives.
NO cheers, unfortunately.
See also this vanity on "the education of the US student"...
Both democrats and republicans are falling over themselves to help their whores in big business with all the cheap labor they can find. At the same time they are destroying our country from within.
There is no difference between parties; their only concern is their own greed. It's time to start using the word "treason".
Maybe sometime in the future we will be able to try them for their crimes against America even though they thing they have immunity from such prosecution.
Many employers (mostly big ones) tailor positions so Americans can't qualify. Tricks like changing the job description to include something the Americans dont have after the interviews are common.
Saw one company do this. They hired 5 H1b's. Only one guy could actually do any of the coding. The other 4 just pretended to work while he did everything. But they were cheap.
Yay!
Yes, HP, Sun, and the rest, over the short term hiring H1B's gives you an edge
Over the long term, as the H1B's go back home with your trade secrets and join startups in their native lands, you will be driven from the field. But the current CEO's don't care, they figure to have pulled the ripcords on their golden parachutes by then
Has anyone ever seen some data on what percentage of H1-B visa-holders become U.S. citizens? Solid data, I mean, not some hysterics from a anti-immigration website. Thanks in advance.
The way they actually work is to first select the guy they want to hire, tailor the job description to his resume, paying particular attention to obscure skills, and so have the description be something only he can fill
There's also the trick of allowing the favored job seeker to lie about his skills, making him seem to be at a higher level than he is, and lowball the salary offered so that people who really are at that level won't be interested
Also, about that 80K applicants: the visa is renewable for up to 6 years, so if the limit stays, we're talking about 80K * 6 = 480K foreign engineers
I read and read this sentence. Talk about a nonsensical statement.
Maybe if tells potential employers that he will work for $12 an hour, they will hire him?
Read my tagline.
No big deal. 80,000 just walk over the border every month. H1B visas are not priority. Bush's secret amnesty negotiations with Mexico and his amnesty deals with Congress deserve more comment.
"So this is just unforgivable greed on the part of the executives."
Come on. You've been on FR long enough. You haven't been educated by the free traders?!
No greed is unforgivable. All actions are justified by saying a "corporation" exists to make profit. This allows justification of immoral and unethical acts by blaming it on the corporation. (Never, ever acknowledge that a corporation is comprised of human beings). Corporations are not nationalistic, until they need help guarding their interests. Then the corporations become AMERICAN, and support the troops.
Those are lessons I've learned here at FR.
Lou Dobbs Tonight/Broken Borders aired 3/22/07
These are the LEGAL foreign workers, etc. we allow in now.
There's a lot of distortion here. I think it's important to get these facts out.
Two million people legally admitted to the United States each year. In addition - 14 percent of those, by the way, those people given permanent residency are from Mexico. Two million people legally admitted to the United States. Four hundred thousand skilled foreign workers and their families receive H-1 visas each year.
Nearly 900,000 other legal foreign workers are admitted on some type of employment visa.
Six-hundred sixty thousand student visas are issued every year.
And 455,000 people given temporary employment transfers.
Help me out. What are we trying to do here? I mean, we have a lawful immigration system that brings in 2 million people a year, plus all of these other workers that overwhelms any other immigration system in the world. All of Russia, all of the European Union combined can't even come close to matching our immigration levels. And that's a population 40 percent higher than our own. Help me out.
http://transcripts.cnn.com/TRANSCRIPTS/0703/22/ldt.01.html
I'm all for increasing the H1B limits rather radically (especially in ag and medical sectors, but not so much for techs and engineering, to help salve the injuries to our friends here), as long as the government would start enforcing the immigration laws on the books and deporting violators.
(Another thought: how about outsourcing the responsibility for holding imprisoned illegals, thus saving jail space here, saving taxpayer money, and helping the economy of some poorer neighbor that we can trust to keep the inmates incarcerated.)
Scouts Out! Cavalry Ho!
If I posted what I really felt about the H1-B's and the shills and whores pushing for them, I'd be lucky if I *merely* got banned.
***Same here. I think I dislike pure "free trade" for the same reason I dislike the welfare state: neither of them work even though they sound like great ideas at first. Another reason why I like Duncan Hunter.
The fair trade thing has been with us for a long time and will probably show itself in many forms, from Smoot-Hawley to H1B Visas. Here's a good thread on Visa abuse.
http://www.freerepublic.com/focus/f-chat/705954/posts
Debunking the Myth of a Desperate Software Labor Shortage
Testimony to the U.S. House Judiciary Committee
Subcommittee on Immigration
Dr. Norman Matloff
Department of Computer Science
University of California at Davis
Davis, CA 95616
(530) 752-1953
matloff@cs.ucdavis.edu
©1998, 1999, 2000, 2001
Presented April 21, 1998; updated February 4, 2002
Let's make it very clear. ...increasing supply (H1-B's)reduces the wage. This gut's the students who were considering high tech as a career. We are eating our own seed corn.
That's what they *say*. But there are issues such as management overhead, time zone differences (in my experience with Japan, Germany, and India, it wastes time, instead of the promised 24x7 cycle, since if there is a miscommunication, or someone doesn't *have* the answer, or is in a meeting, or..., then you have to wait until the *next* shift to find out.), dishonesty, turnover, bribery, lack of infrastructure, intellectual property theft.
Oh yes, and in third world countries, lying and cronyism are seen as advantages by workers.
Most Americans don't see them as advantages below the rank of executive.
H'mmm, that may be why the offshore resources get along so well with the top brass.
You might be interested in a vanity or two of mine on offshoring.
Freepmail me if you want more.
Cheers!
There's just one of the problems, besides the government not knowing how many visas they actually issue. We have 4 MILLION visa overstays that homeland security can't find.
Of course you are. It doesn't affect you.
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