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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: Lizzie Tudor who wrote (14695)	10/31/2003 5:59:18 PM
From: Ish	Read Replies (1) \| Respond to of 793640

<<But given the industry's accelerating move to send work overseas -- and take advantage of the lower wages paid in places like India and China -->> I remember one of your posts saying as the standard of living increases in those areas the jobs would flow back.

To: Lizzie Tudor who wrote (14695)	10/31/2003 7:01:38 PM
From: Original Mad Dog	Read Replies (1) \| Respond to of 793640

I hope he raises the cap. Just because this issue is some sort of personal protectionist crusade for you (for reasons I can only guess) does not mean that Bush's support of H1B's is something he is trying to hide. It makes me more likely to support him. There is only a technology recession if you look at the bubble as a sustainable trend instead of a bubble. If you look at very long-term trendlines the technology industry and hiring is about where it would be given a stable growth pattern. There are more people employed in technology than 8 years ago. The Nasdaq is much higher than it was 8 years ago. It's just that there are a couple years of data points in between that are out of whack, and when there was a correction (an inevitable one, BTW) it caused everybody to think the sky had fallen. I don't think the answer is to disinvite skilled foreign workers who add a lot of productivity to our economy. I welcome them here. And I welcome companies that hire qualified workers anywhere, even if it is outside the U.S. The U.S., last time I looked, which was today, had the highest personal income levels of any country in the history of the planet every month in 2003. It has an unemployment rate lower than most countries, and lower than it has been in the U.S. for about half of the past three decades. You'd just never know it from reading some of the posts on SI.