"Tampa explores jobs-for-visas idea to lure foreign investors" (Jay: brokers, to buy)

[Pragmaticus]

Lol, how this thread become a $10/hr wage discussion.... Here are the specific time lines that show how a thread can spiral into some other topic quickly….

Algia posted the OP quoting from the article

Under it, a foreigner earns a temporary visa by investing $1 million into a project that will create at least 10 jobs, or $500,000 for 10 jobs in high-unemployment areas.

And she wondered

only 10?

Then thethinkthak said

Even if the inbound employer is only paying $10/hour for a 40 hour work week for 10 employees

First time the $10/hr started
Then Algia

Can you own home at $10/hour?

Then several member try to get back to the OP and mentioned about the program itself.

Then thethinkthank came back to clarify and said to use $X amount and not just $10/hr

But then it was too late and the discussion went about the $10/hr number and about Florida wages, which has nothing to do with OP.

BTW, australia pays $15/hr minimum wage and their economy is doing just good. Now talk about taking it to another level, lol

[algia]

IF they only bring 10 jobs......and if those jobs are ****ty $10 an hour jobs in the service industry (e.g. hotel maids, bartenders, etc)...NO THANKS...

Bring a better INDUSTRY to the area. That was the whole point that you OBVIOUSLY MISSED!

BTW, australia pays $15/hr minimum wage and their economy is doing just good. Now talk about taking it to another level, lol

The REST of the world also offers PAID maternity leave for several months to a whole YEAR for mom and dad! But the "rest of the world" lives in 2012, the US still lives in the 1700's.

Let's close this thread...Thanks!

[Mike1306]

Originally Posted by algia

IF they only bring 10 jobs......and if those jobs are ****ty $10 an hour jobs in the service industry (e.g. hotel maids, bartenders, etc)...NO THANKS...

Bring a better INDUSTRY to the area. That was the whole point that you OBVIOUSLY MISSED!

The REST of the world also offers PAID maternity leave for several months to a whole YEAR for mom and dad! But the "rest of the world" lives in 2012, the US still lives in the 1700's.

Let's close this thread...Thanks!

Just what I want, my taxes to go up so someone can have a baby. We already cover enough of that with taxes. But once again you just go way off topic.

"Extensive research for the Regional Business Plan for Tampa Bay has identified four high-potential industry clusters for high-wage, sustainable job growth in the Tampa Bay region:

Applied medicine and human performance.

High-tech electronics and instruments.

Business, financial and data services.

Marine and environmental activities.

These four industry clusters currently represent more than 360,000 jobs in the Tampa Bay market — nearly one-quarter of the region's employment base — and efforts are under way to grow this to 500,000 jobs."

[algia]

"Extensive research for the Regional Business Plan for Tampa Bay has identified four high-potential industry clusters for high-wage, sustainable job growth in the Tampa Bay region:

Applied medicine and human performance.

High-tech electronics and instruments.

Business, financial and data services.

Marine and environmental activities.

These four industry clusters currently represent more than 360,000 jobs in the Tampa Bay market — nearly one-quarter of the region's employment base — and efforts are under way to grow this to 500,000 jobs."

YET.............No "AMERICAN" is interested in "investing" in these industries here in Tampa NOW! Hmmmm Read again the post above about "international" investors coming here to buy hotels...I actually know of some too...for them its like buying a vacation home that makes them more money to live in their home country! they don't come here to "support" THIS country! But it IS because of all the loopholes created that we are being taken advantage off like this. If that were the case, all those illegals crossing in here and then popping up a kid, and opening a Taco Bell are investors too....they just took the "LOOPHOLE Shortcut" instead of the so readily available work visa's!

[Keeper]

Actually there is a company from India who came to Tampa and hired employees making much more than the stated $10 an hour. I have several friends who work for this company.

[TempusFugitive]

I'm unsure on what the controversy is here. I am currently considering an EB-5 Investor visa, though I had looked at the entrepreneurial visa.

In absolute minimums, if someone came to the US and opened - Say - A McDonald's: They pay strictly minimum wage.

This also reduces youth crime and shop vacancy rates, but most importantly the person who is coming will not be taking money from the area. Instead, their contributions will go towards paying off existing debt by the government. This, in essence, lowers taxes for everyone. Nations want to attract self-sufficient people to their nation, especially those who have a vested financial interest in the success of the nation. These people will come, probably hire builders and/or an architect to create their home as well as purchasing land. They will also purchase furniture, source food locally and hire specialists such as plumbers and drywallers when something goes wrong.

At bare minimum, you have someone whose actions will contribute to the local economy and whose taxes will go to paying down debt that they did not contribute to previously in any way. This allows lower taxes on the citizens who most likely benefited from whatever programs accrued the debt.

The downside to this is, of course, gentrification. In places where the wealthy tend to congregate, this artificially inflates prices for things such as real estate and some goods. This is significant in a place like New York, but in areas that are suffering financially it's negligible. Given the numbers(Which have never been higher than 3000 in a single year) that are taking advantage of this, gentrification due to immigration is not statistically significant.

[FloridaKash]

Originally Posted by algia

Can you own a home at $10 an hour? or feed a family of two, three?

We lack good jobs that remunerate the employees to where they have some buying power to boots this economy...low end jobs, the lack of entry level jobs, are not going to boost the economy.

The people who are unemployed don't live home with their parents, but may be parents themselves...that is what is not being taking into account here.

If you don't want to work for $10, get an education, some skills and a lot of drive. People making $10 aren't supposed to own a home or have a family. I haven't made $10 since I was 16 years old.

[thethinktank]

I wonder if this thread would have gotten knocked as far off the tracks if I said "$15/hr" instead of "$10/hr" as my completely arbitrary example scenario. Watching the resulting internet shouting match was fun though.

single droplet
strikes water unaware
ripples roar loudly

[Mike1306]

Originally Posted by algia

YET.............No "AMERICAN" is interested in "investing" in these industries here in Tampa NOW! Hmmmm Read again the post above about "international" investors coming here to buy hotels...I actually know of some too...for them its like buying a vacation home that makes them more money to live in their home country! they don't come here to "support" THIS country! But it IS because of all the loopholes created that we are being taken advantage off like this. If that were the case, all those illegals crossing in here and then popping up a kid, and opening a Taco Bell are investors too....they just took the "LOOPHOLE Shortcut" instead of the so readily available work visa's!smacksmacksmacksmack

Could you please provide some proof that "No "AMERICAN" is interested in "investing" in these industries here in Tampa NOW!".

I'll answer before you even attempt to, you can't because it is absolutely not true.

Just because they are attempting to get foreign investment to the area in no way means that there are no American companies investing in the area. When you are trying to build a company, an area or anything else up you don't limit yourself to asking one person or group of people. You expand your base. I don't understand why you find it hard to comprehend that this whole program is a good idea and good for the area.

Your inability to stay on topic is based in the inability to back your personal opinions up with fact.

[gulfer]

Directly from someone that is considering this this program. Nice comments Sir and thank you for the perspective from your point of view.

Any job created here in the area is a POSITIVE!

Originally Posted by TempusFugitive

I'm unsure on what the controversy is here. I am currently considering an EB-5 Investor visa, though I had looked at the entrepreneurial visa.

In absolute minimums, if someone came to the US and opened - Say - A McDonald's: They pay strictly minimum wage.

This also reduces youth crime and shop vacancy rates, but most importantly the person who is coming will not be taking money from the area. Instead, their contributions will go towards paying off existing debt by the government. This, in essence, lowers taxes for everyone. Nations want to attract self-sufficient people to their nation, especially those who have a vested financial interest in the success of the nation. These people will come, probably hire builders and/or an architect to create their home as well as purchasing land. They will also purchase furniture, source food locally and hire specialists such as plumbers and drywallers when something goes wrong.

At bare minimum, you have someone whose actions will contribute to the local economy and whose taxes will go to paying down debt that they did not contribute to previously in any way. This allows lower taxes on the citizens who most likely benefited from whatever programs accrued the debt.

The downside to this is, of course, gentrification. In places where the wealthy tend to congregate, this artificially inflates prices for things such as real estate and some goods. This is significant in a place like New York, but in areas that are suffering financially it's negligible. Given the numbers(Which have never been higher than 3000 in a single year) that are taking advantage of this, gentrification due to immigration is not statistically significant.