http://www.thelibertypapers.org/2007/01/23/the-cost-of-regulating-financial-markets/ Life. Liberty. Property. Defending individual freedom and liberty, one post at a time. Wed, 22 May 2013 03:02:43 +0000 hourly 1 http://wordpress.org/?v=3.5.1 http://www.thelibertypapers.org/2007/01/23/the-cost-of-regulating-financial-markets/#comment-8233 Kim Berry Wed, 24 Jan 2007 14:21:04 +0000 http://www.thelibertypapers.org/2007/01/23/the-cost-of-regulating-financial-markets/#comment-8233 It is absurd to cite an H-1b cap as the reason the New York financial center lost 2000 jobs between 2002 and 2005. a) Through 2003 the H-1b cap as 195,000 per year and not even reached. b) The unemployment rate of tech workers was rising during that time, as the number of jobs was falling. Doug: Perhaps the lingering DOT-COM bust and the offshoring of jobs and technology to India and China under the Bush “free trade” schemes are to blame?

]]> http://www.thelibertypapers.org/2007/01/23/the-cost-of-regulating-financial-markets/#comment-8068 jgo Wed, 24 Jan 2007 04:52:29 +0000 http://www.thelibertypapers.org/2007/01/23/the-cost-of-regulating-financial-markets/#comment-8068 I agree that the current excessive limits on H-1B visas is a threat to America’s high-quality work-force and make it too easy for foreigners to enter the USA without having passed — and paid for — a thorough background investigation. And it encourages the initiation of fraud by executives who claimed that there is a talent shortage when there is none (RAND Corp. and others); who claimed that they would only import the “best and brightest”, the “pre-eminent” but instead flooded the science, tech and other US job markets with less competent but cheap and easily brow-beaten bodies; who claimed that they would pay the guest-workers prevailing compensation but have been repeatedly found to under-pay them (by the GAO, and several university investigations).

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