re: Senator Wants 55,000 Green Cards For Tech Grads
Our IT companies are insanely profitable right now, yet IT wages/salaries have barely budged.
Yahoo makes 90+k in profit, per employee, yet is still laying off 2000 workers this year.
Senator Cornyn, tell me, if you ran a small business and you could make 90+k profit per employee, wouldn't you be hiring like crazy? It is clear, our current economic stagnation is being caused by the single-minded pursuit of increasing profits.
If you are a CEO, you know you don't get a bonus by keeping profit levels the same, you get them by increasing profits. The Board of Directors at Yahoo looked around and saw that other Tech companies were making even more profit, per employee, than Yahoo (Apple for example at 400+k per employee), and hence the layoff.
Even when ordinary, Main-Street-Common-sense, would tell anyone such a layoff is a sure test for insanity.
Further these same companies have huge off-shore bank accounts, and the only way that money can get back into country is through T-Bills. Hence huge government debt, fed by those T-Bills.
Stop wasting time senator Cornyn with an issue dear to your highest campaign contributors. Get to work on fixing the real problem, you can do it, and most Republicans are for it. Find a way to get the trillions that are out their, in foreign bank accounts back into the U.S.. Find a way to get a tax amnesty for the repatriation of funds for the just-right-and-correct purpose of getting 10+ million americans (who are proven workers, and we don't need to import) back to work.