Bill Gates is worried that Obama may favor worker's over corporation's interests:
"Clearly we need a stimulus that doesn't undermine the incentive for businesses to be careful about their spending and making those correct investments," Gates told CNN's Wolf Blitzer in an exclusive interview airing on The Situation Room on Wednesday and Thursday."
Bill Gates has repeatedly petitioned congress to let him hire more foreigners, yet when the cap was last raised, he immediately instructed his managers to find things to outsource. No doubt, the increase in foreign workers made outsourcing more jobs easier.
Obama has pledged "to stop giving tax breaks to companies that ship jobs overseas," but he hasn't linked the H1-B visa to this issue.
Offshoring firms such as Wipro, Infosys, Satyam, Tata, GlobalCynex are worried he might make the connection. In fact, they have set to meet Obama officials in March 2009 to make sure any jobs program he comes up with does not stop the job bleed to India, and take away "the joy from the outsourcing party" !
The H1-B and L1 visa programs creates a glut of workers from abroad who are hired to replace American workers onsite in the US. These foreign workers often serve as a liaison for offshore operations, which allows many remaining jobs to be offshored, resulting in additional job losses for U.S. workers. Thus, the H1B and L1 visa programs enable the accelerated offshoring of IT and other knowledge jobs.