re: H-1B Visa Supply Nearly Exhausted For 2013
When even Yahoo is making 90,000+$/year, in profit, for each employee, you can see that spin doctors are the ones creating a fake worker shortage, in order to avoid having to increase wages and hiring.
Yahoo is keeping a low profile, so that the next CEO can claim a big turn around, and get a big bonus, Yahoo is massively profitable already, anyone on Main Street would be raising salaries to attract more employees, if they made 90k profit/year per employee. Yahoo, on the other hand, is laying off 2,000+ employees this year. The reason is simple, you don't get a big CEO-bonus by keeping profits already insanely high. You get a CEO-bonus only by increasing profits, hence the drive to pile more work on a smaller workforce, in order increase profitability. A typical bean-counter's logic, and what you should expect from their recently terminated CEO with just an accounting degree, who stole the title of "Engineer", and was fixing to heist more. Well Scott, you can't get an Engineering degree from Faust, you have to earn it.
The answer clearly is to let the market raise salaries and wages, let's stop the massive corporate welfare program that is the H-1b visa. This will allow more of that unused profit (most of which sits in overseas bank accounts) to come back to the United States.
These Visas create a situation where workers are in competition for jobs, essentially creating an artificial Job-Suppliers market.
We need to move the economic competition, from worker-against-worker, back to the CEO-to-CEO level. When workers compete, you get unemployment. But when tech CEO's compete, you get hiring.
Apple, had an incredibly competitive CEO for about 14 years. And look what happened, Steve Jobs worked night and day, middle of the night, for his company, and his company grew immensely, in both profit and in hiring.
It is time that Corporations grow up and realize that there is more than one way to attract employees. Yes it takes work to interview local candidates. It is harder than finding an indentured servant, using an agency abroad. But our IT corporation have grown weak and flabby when it comes to interviewing and hiring. Yet they are reaping massive profits because they are dependent on a huge government handout.
This handout is also given to Outsourcing companies that actively discriminate against and marginalize U.S. engineers. See Don Tennant's interview of an actual InfoSys HR manager for more information on this. And Outsourcing companies are using the H-1b visa to facilitate the removal of millions of U.S. Jobs, no country on this Earth, except the United States, would be so idiotic as to allow this situation to occur let alone persist.