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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsStudy suggests US companies use overseas workers to cut wages
Skills shortage? What skills shortage?
By Iain Thomson in San Francisco
An extensive study of the US labor market has shown that the skills shortage which technology firms are constantly complaining about is overstated and firms may instead be using overseas workers to drive down wage costs.
In a paper for the Economic Policy Institute by Hal Salzman of Rutgers University, Daniel Kuehn of American University and B. Lindsay Lowell of Georgetown University, the team studied the market for science, technology, engineering and math (STEM) careers.
If there was a shortage of IT jobs then you'd expect wages to rise, but in fact the team found wages in the field (on average) peaked in 2001 and have remained flat ever since, and in some cases have fallen over the last 14 years. The reason, according to the research, is that overseas workers are being recruited to keep wages low.
The researchers found that the US produces a surfeit of STEM graduates, but only half of them are hired. The rest of the jobs in the IT industry, primarily entry-level positions for the under 30s, are filled using foreign workers and may account for up to 50 per cent of new hires...
Read more: http://www.theregister.co.uk/2013/04/26/us_companies_foreign_comapies_study/
Brickbat
(19,339 posts)BethanyQuartz
(193 posts)Who actually believes this shit?
Myrina
(12,296 posts)djean111
(14,255 posts)Moondog
(4,833 posts)a study has found that the sun rises in the east.
HughBeaumont
(24,461 posts)Corporations are greedy and malicious, WHOODA thunk??
Enrique
(27,461 posts)dry British understatement at its best.
Life Long Dem
(8,582 posts)"In fact, Senator Durbin went on to brand the top Indian IT companies as outsourcing firms. "These outsourcing firms like Infosys, Wipro, Tata and others -- Americans would be shocked to know that the H-1B visas are not going to Microsoft; they're going to these firms, largely in India, who are finding workers, engineers, who will work at low wages in the US for three years and pay a fee to Infosys or these companies," Durbin alleged."
http://ibnlive.in.com/news/top-us-senator-accuses-tcs-infosys-wipro-of-abusing-h1b-visas/387221-3.html
magellan
(13,257 posts)Okay, I'm all in favor of empirical evidence gathering...but damn. I don't think this is going to change minds any more than finding out our economic policy is based on a math error.
Populist_Prole
(5,364 posts)The corporatists power grab is now complete enough that they no longer need to lie to us by wrapping their labor arbitrage scam in flowery benign language; shortages and such.
They can now say it's just because they want cheap labor because that's just the way a plutocracy is supposed to work. In this manner, "Trust me" has become "Fuck you".
Initech
(100,099 posts)Leslie Valley
(310 posts)IDemo
(16,926 posts)flying rabbit
(4,636 posts)I think it is orbiting the earth.
bvar22
(39,909 posts)[font size=3]"The American Worker can compete with any worker in the World!"[/font]
Remember that?
It would have been more honest to say,
[font size=3]"The American Worker will be FORCED to compete with Slave Labor Countries for their jobs."
Hahahahahahahaha!
Jokes on YOU, Suckers!
Hahahahahahaha![/font]
There is NO such thing as Free Trade
There is NO such thing as Free Markets.
There is NO Giant Invisible Hand.
The RICH made that shit up.
Dragonfli
(10,622 posts)it past the 2008 campaign rhetoric.
http://www.democraticunderground.com/?com=view_post&forum=1002&pid=2759357
antigop
(12,778 posts)bvar22
(39,909 posts)Ross was RIGHT!
The Democratic party is TRUMPETING the Return of Manufacturing Jobs!!!
The part they aren't telling anyone is that these Returning Manufacturing Jobs are LOW Pay and NO benefits!!!
MISSION ACCOMPLISHED!!!
Thanks, Bill and the "Centrist" Democrats!
RKP5637
(67,112 posts)started down that path.
Brigid
(17,621 posts)I am shocked, I tell you! Just shocked!
AnnieK401
(541 posts)DanTex
(20,709 posts)DJ13
(23,671 posts)librechik
(30,676 posts)wow. Thank goodness they did a study, cuz dozens of RW douchebags in broadcasting are unaware of that fact.
Alva Goldbook
(149 posts)ljm2002
(10,751 posts)...when there is an external source of cheap labor. Gosh, ya think?
I'm glad they did this study, but geez Louise, why oh why are our policy makers blind to what is so FUCKING OBVIOUS?????
Oh yeah. They BENEFIT from it. As long as the 1% benefits from this, the policy makers will continue to kowtow to them and give them more and more H1B visas, green cards, etc., because you know, "there just aren't enough Americans to do the job".
"The researchers found that the US produces a surfeit of STEM graduates, but only half of them are hired."
kentuck
(111,110 posts)That is a surprise!
timdog44
(1,388 posts)Was it done by some overseas, outsourced persons?
MrSlayer
(22,143 posts)And he's dead.
We have to stop allowing these sons of bitches to rip us off at every turn.
RKP5637
(67,112 posts)LeftInTX
(25,515 posts)Response to PETRUS (Original post)
devilgrrl This message was self-deleted by its author.
davidn3600
(6,342 posts)woo me with science
(32,139 posts)Skittles
(153,182 posts)I mean, PLEASE
Hekate
(90,774 posts)Once again, this news is broken in a UK newspaper.
woo me with science
(32,139 posts)xchrom
(108,903 posts)treestar
(82,383 posts)It is by the Economic Policy Institute.