OK, I spent the morning looking at the candidate's stance on different issues. This, since I can not get issues from our fellow citizen's of the American Media.
As I was wading through the issues on Jobs and Foreign Trade, I find these two issues from candidate Hillary Clinton, she favors:
1. Raising the 85,000 per year H1B Visas.
2. Providing more green cards for foreigners who graduate from
American universities.
Folks, I work in the technology industry, and have since the TI PC. During the 90's, during the dot com period, I was an employee for sometime, and owned my own company for over 5 years, until the early 2000's. One of my key observations is that the increase in H1B's has two destabiling effects on business and indeed on labor.
One, the increase in H1B's drives down the average wage and pay for the industry and worker. H1B employees, who understandably want to work in our the US, and will work for a much lower rate than the American worker (who is encumbered by a mortgage, family, health cost, car, and other staples of an established American family/worker). Even with the cost of obtaining the H1B (which is under 1000 dollars) for American Business, this is a good deal, especially, if you can save 30,000 dollars [per year in wage expenses.
Secondly, the increase in H1B's drives down the effective viability and income of companies that provide labor/services/consulting, as well. The companies that employee US and H1B's in industry feed from the same trough. Therefore, if for instance company ABC hires H1B's, and provides services to company XYZ, XYZ's labor cost decrease, as well, and XYZ will cut the effective rate that it allows ABC to charge XYZ. So, ABC has in effect cut it's overall profit margin, as well.
Thirdly, if foreign workers know that by obtaining a US college degree that they can obtain a green card, this will increase competitive seats for US universities, making the cost high and the chance US students graduating from US high schools getting into a university nil. College tuition has approached vulgar levels. In addition, with increased competition, this will lock out the dream of a college education US students (especially African and Latino American). This is disastrous.