Green cards, the stock market and inflation...greenspun.com : LUSENET : TB2K spinoff uncensored : One Thread
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"The green card solution"
By Paul E. Erdman, CBS MarketWatch Last Update: 10:05 AM ET Mar 7, 2000
"SAN FRANCISCO (CBS.MW) -- Alan Greenspan has repeatedly said that when an economy is working at full capacity the two main safety valves that help prevent inflation from developing are imports of goods and people."
"The United States is among a handful of nations which consistently encourage immigration. Where imports of goods are concerned, we're using that safety valve to the max. As a result, our trade deficit is now the highest in the history of the world."
"But we are also doing exactly the right thing where the inflow of labor is concerned."
"The United States is among a handful of nations which consistently encourage immigration, (as do Canada and Australia). By contrast, Japan simply does not allow foreigners in. As a result, with very low birth rates, its labor force is shrinking while the percentage of its population over 65 is increasing at an alarming rate, casting a growing shadow over that country's economic future. In Europe, after years of relatively open borders, xenophobia now has the upper hand, be it in France, Spain, Austria or Switzerland. One exception is Germany."
"There, as a result of a huge and growing shortage of skilled people able to work in information technology industries ( with 75,000 positions unfilled), Germany is falling ever further behind the United States. Chancellor Gerhardt Schrvder has decided to do something about it."
"Give out green cards"
"His solution: copy the Americans and introduce their system of issuing green cards to qualified foreigners who wish to work legally in Germany."
"Despite our liberal green card system, during the past five years we also developed a problem similar to Germany's. But, in contrast to Germany, we came up with a solution. It came in the form of the creation of a special H1B visa which allows well-educated foreign engineers and technicians to get an American green card on a fast-track basis. Originally the quotas limited such visas to 65,000. Last year it was raised to 115,000."
"Since it is expected that there will be a shortage of 400,000 workers alone for computer technology jobs in the United States during the next five years, Silicon Valley is currently exerting enormous pressure on Congress to temporarily raise the quota still further -- to 200,000 a year during the next three years. That wish, or something just short of it, will most probably be fulfilled this year."
"Our attitude toward immigration, and the legislation which promotes the type of immigration which fosters the "new economy," is yet another (unsung) reason for America's global economic dominance -- and why the Nasdaq is flirting with 5,000."
-- Deb M. (firstname.lastname@example.org), March 07, 2000
The only clearly visible Result of endless Importation of breeding Slave Labor I can see is:Relieve the Pressure on the filthy Rich 3% in Mexico,further increase the Wealth of the People using the Slave Labor."Creating"more Consumers,tear the Nation apart by talking to them in Spanish(to keep them dumb,obviously)ripping off the Taxpayer,by charging them for Schools,bilingual and otherwise,and pay for their Medical Bills,that the Shyster Employers won't pay.In the meantime they are eating up our Resources at an alarming Rate.There is ABSOLUTELY no Reason,other than GREED,to have a rediculous Immigration Policy like this,which we can squarely blame on the Republicans with their Bedfellow Millionaires and Billionaires.
-- joe Blow (email@example.com), March 07, 2000.
Yeap, yes sir, you tell-em, Joe Blow. Im with ya buddy. By the way Joe, hows Laura the logic treating ya lately? Somebody sent along a pic of her the other day. Lord give me rest, she is one ugly female dog. We all know why she loves ya so much Joe, the last name and all. Gota go Joe, didnt mean to interrupt old Laura buddy. :-(
Tex, where Texas is
-- (Tex@Texas.com), March 07, 2000.