The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Les H who wrote (7728)	1/2/2003 1:53:12 PM
From: Lizzie Tudor	Read Replies (3) of 306849

there is no need for H1-Bs now that we have outsourcing via the internet anyway. Its amazing the spin I see on this H1-B issue. From my perspective there was one reason for H1-Bs to begin with- they were cheaper labor. Outsourcing to 3rd world countries is even cheaper, hence there is no real reason for H1-Bs anymore. This piece claims that H1-B quotas are actually causing the outsourcing to occur. You gotta laugh at this, really. According to the Information Technology Industry Association, the high-tech sector will create 1.6 million jobs this year, but 843,000 of these will remain vacant because skilled workers are in short supply. This shortage, says the Computing Technology Industry Association, annually costs technology firms roughly $4.5 billion in lost productivity. Because the H1-B cap stymies attempts to avert these losses, companies may soon be forced to move some operations overseas. pacificresearch.org

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