Those global companies that are successful tend to have, say, manufacturing in Brazil, customer service in India, etc.
And, yes, commodities work in global markets as well, except they tend to have higher shipment costs than the more intellectual product of highly skilled employees. We can not allow in more highly-skilled competition, but that means that companies based in less expensive markets will accelerate their gains on competitors in the US. (E.g., Indian and other Asian tech companies.)
Do you think the Apples of the US manufacture their products in the US? Not bringing in more high-skill labor simply means that type of company will offshore more of their engineering and other high-skill labor.
So you’re acknowledging that the whole ‘skilled labor shortage’ need for H1B visas is a lie?
The H1B visa is a about importing CHEAP labor to drive down labor costs. At least be honest.
Not bringing in more high-skill labor simply means that type of company will offshore more of their engineering and other high-skill labor.
The point is that we are bringing in more high skilled labor than we need. We have a surplus. This depresses wages and costs Americans jobs. Our college graduates are saddled with huge loans and then must compete with imported foreign labor. We have just had the two largest decades of legal immigration in American history with over 27 million entering this country during the period 1990-2010. What impact has this had on our economy, social safety net, and the national debt? We see a widening wealth gap, stagnant wages, and the lowest labor participation rate in 37 years. Does anyone really think that you can import tens of millions of foreign workers and not have the impact it is having on the middle class? Or the erosion of the values of our Founders?