Good news for techies!

[widebody911]

Well, good news for those in India, China and Elbonia, anyway

Doubling the H1-B cap, and automatically bumping it 20% every year.

http://hindustantimes.com/news/181_1650130,0002.htm

[masraum]

I may eventually have to run cable and bolt stuff in racks if this keeps up.

Hmm, I wonder if Starbucks is hiring??

[kach22i]

US Congress is likely to take up a giant immigration bill this month, which recommends nearly doubling the number of H-1B skilled-worker temporary visas to 115,000.

We have to do this because the bushies cut student loans and grants, thus creating the brain drain sprial we will be facing.

[930addict]

It's all about money. Big companies like Oracle, Sun and Microsoft give their software away in places like India so the people become very familiar with it. They even have an Oracle University in Bangalore.

Then said companies turn around and complain that they can't find any "qualified" people here so they are forced to go abroad. The reality is that there are qulified people here but the labor is more than they are willing to pay. I mean, c'mon, if you were a CEO and making only 2 million a year wouldn't you try to increase profits so that you can make 4 million a year? Just greedy bastards is all. And to top it off, our government panders to them.

[masraum]

Originally posted by 930addict
I mean, c'mon, if you were a CEO and making only 2 million a year wouldn't you try to increase profits so that you can make 4 million a year?

Point taken, but i think your numbers are off by a power of 10 or so...

I know that I saw in the paper here in Houston a few years back the highest paid CEO's of Houston based companies. The two top guys were something like Dell and somebody else.

I think the first guy was making 40mil a year plus 10-15 in stock options and the other guy was making 5-10 mil a year and 30mil in stock options. I thought it was interesting to see the difference.

[930addict]

Originally posted by masraum
Point taken, but i think your numbers are off by a power of 10 or so...

I know that I saw in the paper here in Houston a few years back the highest paid CEO's of Houston based companies. The two top guys were something like Dell and somebody else.

I think the first guy was making 40mil a year plus 10-15 in stock options and the other guy was making 5-10 mil a year and 30mil in stock options. I thought it was interesting to see the difference.

Sorry I should have put one of these on that last post. That was my sarcastic humor showing.

My intent was to bring to light the fact that our executives are paid way too much compared to their European counterparts. I think the CEO of SAP only makes like $400k/year? What kills me is that our executives lay people off then give themselves a bonus. Greedy people.

[widebody911]

Originally posted by masraum
I think the first guy was making 40mil a year plus 10-15 in stock options and the other guy was making 5-10 mil a year and 30mil in stock options. I thought it was interesting to see the difference.

Then they get paid millions to go away when they hose everything up. There's no real penalty for f*cking up at that level.

[Dixie]

And the Government wonders why no one wants to major in science/engineering. Why spend all that money for college only to have your job sent to China?

If I were in college today, I'd get a law degree. Either that or Marketing.

Then again, perhaps we could outsource CEO positions. I bet that would bring about positive changes.

[911skb]

Law degree with focus on Intellectual Property Rights and international law. Stay employed for the next 20 years and make enough $$ to feed your Porsche habit.

[Hetmann]

BOHICA