The Epic American Credit and Bond Bubble Laboratory Message Board

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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: GST who wrote (52960)	2/7/2006 4:19:46 PM
From: anachronist	Read Replies (2) of 110194

It is already the case that many skilled jobs go offshore because the US lacks competent individuals with highly developed skills. I disagree. Jobs go offshore due to many issues (compensation being primary), but currently there are plenty of highly skilled workers in the US willing to do the job. They just aren't hungry enough yet. However, the situation you describe will occur the longer engineering and sciences jobs are paid below jobs involving moving money around the globe or selling houses... A "guest worker" in Silicon Valley already makes more than the average American. That is simply not true. H1B workers are here because they can be paid a below market wage. When my friend got his green card he quit his job. At a similar position in a different company he makes approximately twice his H1B salary. I agree overall with you global labor arbitrage theory, but I disagree with your assertion that Americans lack technical expertise.

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