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Microcap & Penny Stocks : FAMH - FIRAMADA Staffing Services
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To: Warthog who wrote (6385)3/14/1998 7:38:00 PM
From: Mosko  Read Replies (1) of 27968
 
Collin and thread- You wrote: <One of the reasons for profits in the IT services is the supposed lack of professionals in that industry. Congress has recently held hearings on the subject, industry wants to increase the immigration limit from about 65000 to 190,000. Most of the new immigrants would go directly to IT companys. In my opinion, this would decrease the business of IT placement firms. Additionally, I do not feel there is a shortage of IT professionals; just a lack of desire on IT companys to pay higher wages.> When congress changed the immigration laws a couple of years ago they put an annual cap on the number of green cards they would issue P1 placement(permanent employment). Microsoft and a handful of other tech co.'s testified in congress that due to the domestic shortage of programmers that they have been forced to import. At the current rate of hiring they will cut-off issuing green cards by Sept.! This is why they asked for the raise in number. If congress does not relax the law wages for both permanent and temp labor is expected to increase. There is plenty of business out there for IT placement. I think it will help raise rates of congress does not approve the higher limit but I don't see any negatives if they don't. Mosko PS I mainly lurk due to my schedule. I've been long FAMH for 2 mo. now. Anxious to see numbers like everyone else. Enjoyed reading the thread.
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