In a message dated 9/27/07 12:40:11 A.M. Central Daylight Time, News@JobDestruction.info writes:

<<<<< JOB DESTRUCTION NEWSLETTER  No. 1764 -- 9/26/2007 >>>>>

I cannot say enough superlatives about this new paper from Dr. Norman
Matloff. The paper is posted at this link:

http://heather.cs.ucdavis.edu/PrevWage.pdf

For those of you that want to learn about H-1B and green cards, you can't
go wrong reading this 25 page paper. It's divided into sections so you can
read it in parts if there are particular sections of interest to you, or if
you don't have the time to read the entire document.

One thing I see over and over is that the public is very confused about the
differences between employment based (EB) green cards and H-1B. Matloff did
an exemplary job of explaining this in simple and concise terms.

Section 4.1 has some of the most compelling data in the entire paper.
Matloff provides data that shows that salaries for a wide range of college
educated professionals has been dropping since at least the year 2001.
Matloff used this data as proof that there is no shortage of engineers, but
surprisingly he never explained why. Perhaps he should have explained that
if there is an oversupply of workers, wages go down. In our capitalist
system you can't have declining wages at the same time there are worker
shortages. I know that's what he meant, but he didn't say it.

Later on Matloff discussed his reform proposals for improving on prevailing
salary requirements. His proposal to go to a single-level prevailing wage
scale would be an improvement but it will only delay the inevitable. That
type of reform doesn't take into consideration the simple fact that
flooding the labor market will depress salary levels, and thereby lower
prevailing salaries. Call it "supply and demand" or "labor arbitrage" but
Matloff doesn't seem to acknowledge either one.

I'm nitpicking on details because overall it's a great paper and one that
should definitely be put on your must read list. One more thing though --
Matloff never suggested the most obvious way to improve the H-1B and green
card problem -- REDUCE THE NUMBER OF VISAS!


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