Sunday, February 01, 2009
Bailed Out Banks Sought Foreign Workers For High-Paying Jobs: AP
I recall during the High Tech Boom Times of the 90's that American tech employees had Corporate America wrapped around their finger. There wasn't enough tech talent available. The tech talent that was available was flighty and would jump from job to job in order to ladder up their incomes creating instability for Corporate IT departments. Frankly US Business got sick and tired of acquiescing to the demands, cost and arrogance of American Tech employees. Add to that that in the drought of tech talent there were so many impostors floating around with padded résumés that many employers couldn't tell what they hired until they screwed something up or never produced.
Enter India, China, and Russia ... Nations hungry for opportunity and turning out high quality engineers like puppies from a puppy mill.
Corporate America had it's answer.
I would argue that today's foreign tech workers exhibit the same qualities as the chinese workers that were brought over by American Business to work on the railroads.
1. The had the requisite skills.
2. They were plentiful.
3. They were cheap.
4. They were disposable.
Add to that the benefit of diluting the power of American Labor (always the goal of Corporate America) and we arrive at the place we are now.
About Recession
Read the Article at HuffingtonPost
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