Friday, March 13, 2009
How a move to protect American workers could instead cost United States jobs
The following editorial appeared in the March 2 Washington Post:
The economic stimulus package signed into law last week by President Obama contains a provision antithetical to innovation and domestic prosperity. That provision makes it even harder - some say impossible - for companies that receive government bailout money to hire foreign employees for specialized work.
The chief sponsors of the initiative, Sen.Charles E. Grassley (R-Iowa) and Bernard Sanders (I-Vt.), say that they are concerned about the plight of laid-off Americans. And they are rightly critical of companies that abuse the H1-B visa - meant for highly skilled foreign workers in specialized fields - to hire low-skilled workers who accept a fraction of the pay com manded by Americans.
To read the full article, click here..
To read the ePaper, visit: http://www.newsindia-times.com
The economic stimulus package signed into law last week by President Obama contains a provision antithetical to innovation and domestic prosperity. That provision makes it even harder - some say impossible - for companies that receive government bailout money to hire foreign employees for specialized work.
The chief sponsors of the initiative, Sen.Charles E. Grassley (R-Iowa) and Bernard Sanders (I-Vt.), say that they are concerned about the plight of laid-off Americans. And they are rightly critical of companies that abuse the H1-B visa - meant for highly skilled foreign workers in specialized fields - to hire low-skilled workers who accept a fraction of the pay com manded by Americans.
To read the full article, click here..
To read the ePaper, visit: http://www.newsindia-times.com
Labels: economic stimulus package, H1-B applications, H1-B visa, jobs, President Obama, skilled foreign workers, U.S. companies, United States jobs, Washington
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