Talk of The Villages Florida - View Single Post - Great Obama Depression in Real Wages
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Old 06-03-2011, 08:04 PM
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Default Does anyone know what an H-1b Visa is?

[QUOTE=RichieLion;359212]What Depression?; this depression

No one can do much to save jobs from going overseas when US corporations can pay Indians twenty cents on the dollar. During the Bush administration the H-1b visa level was 185,000 per year even during the recession of 2001. The H-1b visa level is now 65,000. The Democrats are responsible for lowering something that the Corporate Republicans used to lower wages for the first six years of the Bush administration.

For those who are not familiar with the H-1b visa, it is a visa that lets foreign professional level workers into the US. The H-1b visa is good for three years, renewable for another three by the sponsoring entity. The average H-1b visa holder is an indentured servant who earn less than the American that they replaced. Roughly fifty percent of H-1b visa holders don't leave the country when their visa expires.