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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Moominoid who wrote (7142)12/4/2002 3:39:41 PM
From: MSIRead Replies (4) of 306849
 
FWIW, I paid for the legal expenses of H1-B entrants, and paid them the same as the others. However, there is an incentive as an employer because it seems to keep general wages lower than they would be otherwise.

In my engineering company, services reflect costs, and higher salaries are passed on to customers, so the effect of greater or lesser H1-B workers is primarily on the existing domestic labor pool. It's an obvious benefit to the US to attract the best and the brightest in the world, to avoid stagnation of Empire, like England after 1900.

Besides the interesting economic question whether there should be some control of the borders and immigration, for security reasons the whole apparatus is clearly out of control, judging by the control the Saudis have over our INS.

Re salaries, I met some surgeons in England while tending a friend of mine, who told me the education they get is superb, but their salaries are $50K/yr, and they all wished to move to the US.... The garbage collectors here make more than that, an honest living, but not exactly highly-trained. The dock workers average pay is over $100k. ETc. Pay doesn't always correspond very precisely to education and ability, sometimes more to political power, unfortunately.
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