Quote:
Originally Posted by KevK
Even the college you graduated from says that you should not be hired! The foreign students are better and the cost less. And they pay little taxes! Somebody please tell me this is a lie!
Slashdot News Story | US Colleges Say Hiring US Students a Bad Deal
'In fact, a company may save money by hiring international students because the majority of them are exempt from Social Security (FICA) and Medicare tax requirements,' advises the taxpayer-supported University of Pittsburgh
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I think it is a great article. Get mad all you want it is just pointing out a fact. It is much cheaper, because of two socialist programs
Medicare and Social Security
Since I'm a proponent of getting rid of these two, i say it just fueled the fire for me, because i never even looked at it that way.
You want a more competitive America get rid of these programs, because the students that you won't hire, probably won't receive the benefit!
Great Article!!
Down with Medicare and down with Social Security
Let's help our small businesses out, so they'll want to hire more US college students!!!
A geat example of how government interference has distorted the price of a US college student
Back to the basic econ class
Remember
Suppliers of jobs are willing to hire more individuals at less
Demand for jobs increases when suppliers are willing to pay more
Note
Shortages of jobs exist when the government mandates a price increase that is above what the individual would fetch on the free-market
The government through their own coercion has made college students more expensive!!
Thanks Uncle Sam!!! For creating a price floor and shortage of jobs for college students!
My dad has this problem with his small business. He wanted to higher American college students, but he couldn't hire them to full time work, because of the social security and medicare tax, not to mention health care cost etc. He could hire two H1 Visa Indian workers for half the price due to social security and pay them the wage he wanted to.
For instance
1. American College student i want to pay 35k (but oh wait i have to pay an addtional 2,450 a year because of SS and Medicare)
2. I can hire an H1 visa worker with more experience for 35k and not pay the additional 2,450
Now, you're saying, but it is only an additional 2,450, but it adds up over say you need and would like to higher 10 new college grads at that price well you guessed it
2,450 *10 = 24,500 (that you are being racketeered to pay out for their retirement)
now say you hire 10 H1 Visa (well you guessed you have a company savings of 24,500, which could be the 24,500, that keeps you afloat for a few more years, until you're solidly able to expend and pay the government inflated cost of hiring American workers)
Don't get angry at the business community for wanting to survive and own their own business for another year