To: SoConPubbie
FUJW. You and you cronies started the H1-B craze years ago.
56 posted on
02/29/2016 3:17:49 PM PST by
grey_whiskers
(The opinions are solely those of the author and are subject to change without notice.)
To: grey_whiskers
Yes, I did a google search, and it appears this Jack Welch was a big proponent of shipping our jobs and industries to the 3rd world.
"Several years ago Jack Welch, former CEO of General Electric, captured the new reality when he talked of ideally having "every plant you own on a barge". The economic logic was that factories should float between countries to take advantage of lowest costs, be they due to under-valued exchange rates, low taxes, subsidies, or a surfeit of cheap labor. Globalization has made Welch's barge a reality. However, in doing so it has made capital mobility rather than country comparative advantage the engine of trade. And with that change, "free trade" increasingly trades jobs and promotes downward wage equalization.
http://www.thomaspalley.com/?p=87
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