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Moreover, an internal report in the National Science Foundation, a key government agency, actually advocated the use of the H-1B program as a means of holding d
by tosseraccount 11y ago
Moreover, an internal report in the National Science Foundation, a key government agency, actually advocated the use of the H-1B program as a means of holding down PhD salaries, by flooding the job market with foreign students. The NSF added that the stagnation of salaries would push domestic students away from PhD study, which is exactly what has happened. Former Fed chair Alan Greenspan has also explicitly advocated the use of H-1B to hold down tech salaries. [ source : http://heather.cs.ucdavis.edu/h1b10min.html http://heather.cs.ucdavis.edu/h1b10min.html ]
- linkregister 11y agoAn article about the Greenspan comment, which surprisingly advocates the position: http://www.economist.com/blogs/freeexchange/2007/10/the_great_equalizer_alan_green http://www.economist.com/blogs/freeexchange/2007/10/the_grea...
- tosseraccount 11y agoLower wages for Americans so Mark Zuckerberg and Bill Gates can pay less and make more? There is no "labor shortage".
- emodendroket 11y agoI don't find it surprising at all that the Economist would advocate a policy that would drive down wages. Why would that be surprising?
- linkregister 11y agoI don't have links to back it up, but I read just about every issue and I've never seen this viewpoint advocated in its print magazine. Given the opinionated writing style, this is almost certainly a less-edited (or non-edited) "blogs" section in the same vein as the wild west that is blogs.forbes.com.
- emodendroket 11y agoI haven't read the Economist in years but advocating something that would drive down wages is pretty much of a piece with its worldview. It's just surprising, perhaps, because usually these conversations focus on unskilled labor.