Quote:
|
an oversupply of H1B immigrants cutting wages to entry level rates
|
Well, would it really be better if those companies hiring those H1B's were to simply offshore those jobs entirely? Or, probably more commonly, eliminate them entirely through technology?
For example, I know a company that decided to install some high-end financial accounting enterprise software. After it was fully installed and integrated, the company immediately proceeded to lay off most of the accountants and bookkeepers.
Quote:
|
My Dad started at 20k after graduation in the early 80's. He hit 100k by 1990. Took a 50% pay cut to work at a startup. When they down-sized he went back to higher pay and hit nearly 300k by 1999. A few months after Sept. 11th he got laid off and has only worked 2 years out of the past 6 at half his old pay. Lost everything in the dot-com bust. Currently unemployed for the last year, most offers are around 60k. The high paying years took a toll on our family with his 100% travel around the country. Our savings exhausted, now we are unable to afford even the most trivial expenses and are deeply in debt.
|
Well, not to be overly harsh, but if your father was really making 300k in 1999, and now you can't even afford trivial expenses and are deeply in debt, hey man, I frankly don't have a lot of sympathy for you. After all, the vast majority of Americans will never even make
a third of what your father used to make. Yet they're still somehow able to afford "trivial" expenses.