For every H-1B visa, US technology companies hire 5 workers: NASDAQ

[OhioChick]

Source: Economic Times of India

29 Jul, 2011, 11.30AM IST, PTI

WASHINGTON: Refuting the allegations of US lawmakers and certain quarters here that H-1B visas take away jobs from Americans, NASDAQ's chief has claimed that studies show that for every H-1B visa, technology companies increase employment by five workers.

"Let me take the job stealing issue head-on,"NASDAQ CEORobert Griefeld told Senators at a Congressional hearing on immigration reform early this week.

"Opponents of enhanced legal immigration argue that when a foreign-born, highly skilled immigrant gets a job, American graduates are the losers," he said.

"But my research and experience tell me quite a different story. For example, the National Federation for American Policy says that for every H-1B worker requested, US technology companies increase their overall employment by five workers," Griefeld said.

Read more: http://economictimes.indiatimes.com/news/nri/visa-and-immigration/for-every-h-1b-visa-us-technology-companies-hire-5-workers-nasdaq/articleshow/9406038.cms

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:rofl:

[valerief]

1. They hire 5 workers in what countries? Not here.nt

[ChromeFoundry]

2. +1 - LMFAO

[pam4water]

3. +2 - LMAO!

[AngryOldDem]

5. Stop picking nits.

They said FIVE workers are hired, dammit...let's leave it at that.

:sarcasm:

[Remember Me]

15. Sure they're here -- at McDonald's nt

[DBoon]

31. some one needs to wash the H1B's car

that's a job isn't it

[ixion]

16. 'xactly

[InkAddict]

4. Delusional propagandized garbage. eom

[Frisbee]

6. No agenda there.

What a transparent douche-bag.

[JHB]

7. 5 what?

interns? cafeteria workers?

[msongs]

8. propaganda from India to justify getting all those former US jobs nt

[KamaAina]

9. Does that imply that one in six tech hires is an H1-B?

:scared:

[xchrom]

10. I wondered if you could take it apart like that myself.

But as some one else pointed - NASDAQ = agenda.

[kirby]

11. They don't sound very productive n/t

[Control-Z]

12. Just noticed your sigline.

Gawd, can I relate.

[sarcasmo]

13. And trickle down economic works.

That is some funny stuff.

[Fresh_Start]

14. so if there were no H-1B visas, wouldn't they be hiring 6 workers?

sounds like that would make a dent in our unemployment numbers

[jeff47]

17. +1

[thelordofhell]

18. Because for ever H-1B visa granted

At least 5 more get hired illegally

[caseymoz]

19. Why not hire one guy here and five others here, then?

Let's talk about "after this therefore because of this" fallacy.

[roxiejules]

20. 'Jobs move in search of the right people'

Why can’t Microsoft find high skill American talent? Simple. They don’t want to. - via comment at link



Senators Push for High-skill Immigration Reform - PC World

A group of U.S. senators pledged Tuesday to open up the country's borders to high-skill immigrants, with lawmakers arguing that the U.S. is turning away some of the world's smartest people.

Senators Chuck Schumer, a New York Democrat, and John Cornyn, a Texas Republican, both called for immigration reform that would allow more high-skill workers into the U.S.

It doesn't make sense for the U.S. to make foreign graduates return to their home countries, then apply to come back to the U.S. under the H-1B visa program, Schumer said. "If we do not enact an immigration policy that continues to attract the world's best minds, we will cease to be the world's economic leader," he added. "Unfortunately, our broken immigration system discourages the world's best and brightest minds from coming to America to create jobs."

Without a new immigration policy, U.S. tech companies will move more jobs overseas, Smith said. "The world economy has changed," he said. "It used to be that people would move in search of the right job, but increasingly, jobs move in search of the right people."

[roxiejules]

21. The rest of the story.....

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=103x617217


Whistle-blower tells US Senate Congress panel Infosys clients hosted the firm’s full-time staff on B-1 visas on their work site


According to testimony by whistle-blower Jack Palmer before a US Senate Congress subcommittee on Tuesday, these companies hosted on their work sites multiple B-1 visa holders who were working as full-time Infosys employees, which is in direct violation of US immigration law.

The testimony, given at a hearing before the immigration subcommittee on “the economic imperative for enacting immigration reform” is the first time that Palmer has come out publicly on issues relating to his lawsuit against Infosys filed in February. He has accused the firm of sending Indian workers to the US to work full time in violation of American immigration law as a profit-making strategy.

Palmer alleged that Infosys had created an open computer system—accessible by any Infosys employee—to create “fraudulent work letters” for B-1 visa-holding employees, who would subsequently be issued debit cards to pay them their Indian salary and to cover expenses for the duration of their work in the US. After obtaining a work invitation letter from a client—which would “falsely set out the reasons for the visit”—and securing the contract, Infosys would send the employee to the US to work full time on client sites.

“It is important to note that this equates to thousands of people coming over and not paying taxes even though they are ‘gainfully employed’,” Palmer said. According to Palmer, B1 visa holders were paid approximately $15,000 rather than the $60,000-plus per year minimum required of H-1B visa holders, although the company charged customers for full-time wages. No taxes were paid on any of these workers, he said.

[jzodda]

22. NASDAQ CEO

that's all I needed to read to bring the Lolz..

He's up there credibility wise with such model citizens like Al Capone.

[roxiejules]

24. Sen. Schumer is not only supporting, but pushing the agenda

http://www.nj.com/hudson/voices/index.ssf/2011/07/senator_chuck_schumers_distort.html

[Skittles]

23. LOLOL

:rofl:

[aquart]

25. So without the visa it would increase by six?

How stupid is this ass?

[Missy Vixen]

26. Simple Google search: There's no such thing as the "National Federation for American Policy".

If you can find it, you're a better searcher than I am.

I'll bet it's a RW think tank. After all, they never met a job they couldn't wait to outsource.

[Ohio Joe]

27. Correct. They do not apear to exist

Except for this quote... and the quote cannot be traced to anywhere.

[Gormy Cuss]

28. I'll bet it's an ad hoc organization within an H1B visa mill.

You're right, no home page evident in any of the major search engines I polled. Even the most slanted pseudo think tanks have web pages.

[Missy Vixen]

29. I wonder if the "India Times" would be happy to have it pointed out to them

perhaps they should have done some research before printing the quote from Mr. NASDAQ? It's Journalism 101.

[Gormy Cuss]

30. Journalism 101 would also train a reporter to include hard facts like the date

and committee name where Mr. Nasdaq made the statement. Context, you know.