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Tom Liotta wrote:
MS doesn't profit from hiring H-1Bs. Yes, they might get a widerI usually stay out of this conversation, because in my opinion if you
talent pool. And, yes, they might execute hirings for lower
salaries. And, yes, there are probably various elements that affect
their bottom line during the time a H-1B holder works for them. But
it still isn't quite "profit".
don't understand the horrific effects of America's H-1B policy then it's
unlikely anything will convince you, but I find this statement to be so
untrue that I have to respond.
Yes, MS profits. It profits hugely. It profits because it grossly
lowers its expenses - remember, the definition of "profit" is revenue
less expenses, and H-1B employment goes directly to the bottom line. It
profits because it circumvents the normal laws of supply and demand,
because by inflating the supply of workers it greatly diminishes the
demand for existing workers, and thus their wages.
Remember, India has a population three times that of the US. China's is
three times that. By using that pool to deflate costs, MS (and any
other company that abuses the H-1B laws) is profiting by what they are
not paying American workers. I'm going to stop here before I go rolling
off on a rant about the insanity of our healthcare system and so on, but
the truth of the matter is that Congress has made it all but mandatory
that American workers get health care from their employers, and by
consistently reducing those benefits, raising the cost, and lowering
wages, H-1Bs are helping to destroy the American middle class.
And what is Congress trying to do? RAISE the number of workers from
65,000 per year to some 200,000. Do you actually think there are
200,000 jobs in the US that Americans can't do? No. There are 200,000
jobs that Microsoft and its ilk won't pay the prevailing American wage
for, and would instead rather pay one-half or one-third that rate to
someone from a much lower cost of living country.
Don't kid yourself. Microsoft profits from H-1B, in a big way. And
because of that policy, tens or even hundreds of millions of dollars are
not going to American citizens. Yet another reason I am trying to shed
the Microsoft chains.
Bill and Melissa want to spend money? How about spending it to keep
jobs in this country, and to rebuild the science and technology
infrastructure in our educational system? They could do it almost
overnight by saying they refuse to hire another H-1B and instead set up
an accredited college-level program that will offer tuition deferment to
every American student who wishes to pursue a career in IT (as long as
the curriculum covered basic computer science it could be largely MS
biased, nobody would complain). Graduates would then have to work at
Microsoft for five years at H-1B wages to pay off their tuition.
What a concept.
Joe
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