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Old March 21st, 2009, 08:37 PM
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Re: H-1B visa holders to get pink slips at Microsoft

this is nothing but a political move to placate the domestic audience in the worst recession since the great depression. once things start picking up steam it will be business as usual. the premise for the stimulus package was to create local jobs and generate demand!! This way ppl wll have more confidence and start spending the money, so that they can buy goods and services which ultimately will benefit China and India....

I dont see dramatic changes in policy with regards to free markets. there are some small protectionist measures enacted that too within stimulus money. The administration will not go beyond this since its a global economy. They'll go till a point where the resistance is at levels that can be managed. They will not push beyond that point.

For all you pundits predicting days for US are over. The next innovation also will come from America. It will not come from India, China or Europe. Already steps are being initiated in this regard like green technology, clean coal tech, biotechnology, genetics, stem cell research..
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computers, economic meltdown, h1b visa, high tech workers, job losses, knowledge workers, layoffs, non-immigrant visas, non-immigrant workers, pink slips, recession, skilled workforce, slow economy, technology, temporary workers


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