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Originally Posted by Danzig
i would prefer they did something helpful, such as the jobs bill they're working on now. i'd also prefer something that was not incredibly expensive, without real success.
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There currently are millions of foreign workers on H1 visa's in this country doing all kinds of white collar jobs (accounting, medical, IT, etc,etc). The program was started to fill a void during the .Com bubble but now is being misused for wage arbitrage. The program should be shut down and none of the visas extended. Only a fraction of the billions of dollars in wages paid find there way back into our economy. Bottom line if our people aren't working and getting a decent wage they can not buy at a level to sustain a growing economy. This will cause revenue shortfalls which will drive companies to further reduce headcount and look to further squeeze wages. A big sprial down the drain towards being a third world country.