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Old 02-01-2009, 11:22 AM
 
Location: Great State of Texas
86,093 posts, read 69,987,095 times
Reputation: 27520

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I guess American's aren't good enough to work there but are good enough to foot their bills

AP Investigation: Banks sought foreign workers - Yahoo! News (http://news.yahoo.com/s/ap/20090201/ap_on_bi_ge/bailout_foreign_workers_4 - broken link)

snippet:
"The dozen banks receiving the biggest rescue packages, totaling more than $150 billion, requested visas for more than 21,800 foreign workers over the past six years for positions that included senior vice presidents, corporate lawyers, junior investment analysts and human resources specialists. The average annual salary for those jobs was $90,721, nearly twice the median income for all American households.

The figures are significant because they show that the bailed-out banks, being kept afloat with U.S. taxpayer money, actively sought to hire foreign workers instead of American workers. As the economic collapse worsened last year with huge numbers of bank employees laid off the numbers of visas sought by the dozen banks in AP's analysis increased by nearly one-third, from 3,258 in fiscal 2007 to 4,163 in fiscal 2008."
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Old 02-01-2009, 12:20 PM
 
Location: where you sip the tea of the breasts of the spinsters of Utica
8,305 posts, read 11,828,688 times
Reputation: 8038
This is truly disgusting.

Thanks for sharing this one, I don't normally bother to contact congresscritters but if enough people do, there might be another condition placed on bailouts.
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Old 02-01-2009, 10:29 PM
 
5,640 posts, read 16,949,788 times
Reputation: 3963
This H1-B program is continually abused by the corporations. It makes me sick . There are so many loopholes in it.
Because they could NEVER EVER find a qualifiied american to do these jobs... yeah right, only millions of us currently unemployed.
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Old 02-02-2009, 01:32 PM
 
Location: Charlotte, NC
2,193 posts, read 4,453,036 times
Reputation: 1072
Quote:
Originally Posted by gardener34 View Post
This H1-B program is continually abused by the corporations. It makes me sick . There are so many loopholes in it.
Because they could NEVER EVER find a qualifiied american to do these jobs... yeah right, only millions of us currently unemployed.
And what's worse is all those H1Bs have fake resumes, while us fools use real resumes. And then we don't get the jobs because of that...
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Old 02-02-2009, 03:04 PM
 
48,519 posts, read 81,162,475 times
Reputation: 17979
I can believe that many of these jobs are ones that americans fail to quailofy for in many instances. Just as so many tech companioes want the progrma to be expmnded because they can't get quailfied americans.
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Old 02-02-2009, 08:16 PM
 
Location: Charlotte, NC
2,193 posts, read 4,453,036 times
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Quote:
Originally Posted by texdav View Post
I can believe that many of these jobs are ones that americans fail to quailofy for in many instances.
I don't know if Americans are less qualified. The ones who come from offshore have zero experience and just say they have 5+ years experience. I think the Indians especially have a really good support system. They help each other get interviews, do each other's work. They actually will do an entire project for them from start to finish!
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Old 02-02-2009, 08:30 PM
 
Location: Great State of Texas
86,093 posts, read 69,987,095 times
Reputation: 27520
Quote:
Originally Posted by texdav View Post
I can believe that many of these jobs are ones that americans fail to quailofy for in many instances. Just as so many tech companioes want the progrma to be expmnded because they can't get quailfied americans.
Bear Sterns goes belly up..lots of unemployeed financial folks.
Lehman goes belly up..lots of unemployeed financial folks.
Banks merge and lay off redundant folks.

All these unemployeed people and the banks INCREASED their H1-B's last year ??

Don't buy that story that there are no qualified Americans. There's plenty of them but they don't come as cheap as H1-B's
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Old 02-02-2009, 10:42 PM
 
Location: Charlotte, NC
2,193 posts, read 4,453,036 times
Reputation: 1072
Quote:
Originally Posted by HappyTexan View Post
Bear Sterns goes belly up..lots of unemployeed financial folks.
Lehman goes belly up..lots of unemployeed financial folks.
Banks merge and lay off redundant folks.

All these unemployeed people and the banks INCREASED their H1-B's last year ??

Don't buy that story that there are no qualified Americans. There's plenty of them but they don't come as cheap as H1-B's
Well if companies are increasing the H1Bs, it's usually for IT isn't it? It might not be for the financial types that were laid off that you are specifying in your post. HOWEVER, these financial companies are laying off IT people. I'm SURE those IT people are qualified to take the job. And even if it's not a perfect fit, they can learn it...
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Old 02-02-2009, 10:49 PM
 
27,903 posts, read 33,462,993 times
Reputation: 4016
Well if you think you might have a problem a contract employee is the best one as they can be let go immediately while full timers usually get severance of some sort. The banks around me (all the ones in the news) were still hiring up to a year ago. There has been a 180 around here in just the past month alone. But it started around 3 months ago.
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Old 02-14-2009, 07:19 PM
 
7 posts, read 9,626 times
Reputation: 12
Whats with the thoery of American's footing the bill ? H1 B workers do pay same tax. Infact, since they earn more, they pay more tax.
Dont you prefer non amrican cars because they are more reliable and may be cheaper considering the resale value ? Whats wrong if Corporates do the same ?
How many post graduates does America have ? You can find that the number is far less than any other countires we are talking about.
I dont think they have fake resume's or experience. If thats the case, Corporates dont find value in them. But they are finding value from past over a decade...
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