2 ms·
> Why do we want them to work overseas for our competitors? We don't necessarily. As with many aspects of economic policy, it's a bit of a balancing act. You n
by ch4s3 10y ago
> Why do we want them to work overseas for our competitors?
We don't necessarily. As with many aspects of economic policy, it's a bit of a balancing act. You need enough immigration to satisfy demand for talent, but not so much that your drive down wages, and diminish taxable income while also upsetting constituents. You also don't want visa policies that encourage skilled workers to come, stay long enough to learn how to copy American businesses, and leave (sort of IP/business process remittance).
Generally I'm pro skilled immigration but H-1B as implemented is too easy to use for wage suppression vis-a-vis contracting through outsourcing consultancies like TCS or Infosys.