Amazon.com, Inc. (AMZN) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 217.15

-2.5%

Nov 20 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Robert Rose who wrote (109578)	10/4/2000 7:49:46 PM
From: H James Morris	Read Replies (1) of 164684

Rob, I can remember when F5 hit 160. <g> Btw Don't show this to Prissy.LOL >SHOOT, THEN AIM: You have to hand it to the technology industry, whose leaders just hate government intervention except when they need a favor. Well, they got a massive favor Tuesday, when Congress drastically expanded the number of foreign workers who will receive H-1B visas to work in this country. The move, in the last days of the session, showed again the power of the tech crowd to get its own industrial policy. Industrial policy, you say? You bet. Among other deliberate policies aimed at helping the technology business -- often at others' expense -- Congress has favored online retailers over Main Street, brick-and-mortar stores through its inaction on Internet taxes. The H-1B visas are supposedly a response to the crying need for more technology workers. There's a shortage, all right. But you have to believe the most serious shortage is among 24-year-olds who don't need much health care, are willing to work 20 hours a day and will take stock options as partial replacement of a real paycheck. There are too many stories to ignore from the over-40 crowd, people who have solid résumés who can't even get interviewed. H-1B workers are effectively bound to a single company. They can't shop their skills around in a truly free market -- another sign of hypocrisy from the those gung-ho free-market types running tech companies. The real answer -- if there's a true shortage -- is to give skilled foreigners green cards. Don't look for the technology industry to fight for that solution.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next