H/T One Old Vet
I know John Derbyshire has already blogged on the Economic Policy Institute’s devastating report Guestworkers in the high-skill U.S. labor market. But the sculptor’s eye displayed by the EPI’s Ross Eisenbrey in his brief blog on their website noting the report deserves saluting: Gang of 8 bill could give nearly half of new IT jobs requiring a college degree to guestworkers April 25, 2013
S. 744, the comprehensive immigration bill introduced by the Senate “Gang of Eight,” dramatically increases the number of skilled guestworker visas available to employers in information technology (IT) and other sectors…. if S.744 is enacted and the maximum number of H-1B workers were allowed to enter and work in the United States, nearly 220,000 new job openings in IT would be filled by guestworkers—almost half the annual total as of 2011.
This will cut down the opportunities and equally significantly drive down the wages offered to new American graduates – terribly laden as most of them are by vicious student loans which in a throwback to medieval practices are not expungeable in bankruptcy.
I can only repeat what I said in Gang Of 8 Wants Unlimited Immigration Of Graduate Professionals!
Everyone knows underemployed or unemployed recent graduates. The vicious selfishness of the perpetrators of this measure at the expense of their own countrymen is absolutely breathtaking.
No wonder Tech Billionaires are paying for this Bill