Monday, November 28, 2016

Trump vs. Silicon Valley NICHOLAS M. GALLAGHER

Donald Trump’s nominee for Attorney General will likely have a bone to pick with Silicon Valley. Politico reports:
Sessions has also been critical of tech giants in the realm of high-skilled immigration. While tech companies have said they face a shortage of workers in science, tech, engineering and math, or STEM, fields, Sessions has described efforts to boost the number of H-1B visas as a “tremendous threat” to Americans.
“It represents the obliviousness of Congress and some of these economic forces to the reality of what’s happening: Half of STEM graduates are not finding jobs in STEM fields,” he said in a November 2015 interview with Steve Bannon, the former head of Breitbart News who will be serving as Trump’s chief strategist in the White House.
Sessions hasn’t been shy about confronting the titans of the tech industry on the issue. In 2014 he challenged Facebook CEO Mark Zuckerberg, a major proponent of immigration reform. After slamming his lobbying effort,, the senator charged: “So I would pose a question to Mr. Zuckerberg. I read in the news that Facebook is now worth more than $200 billion. Is that not enough money to hire American workers for a change?”
It would make a lot of political sense if the new Administration were to pick a fight with Silicon Valley over H-1B visa abuse. The Valley’s most outspoken immigration proponents have made two big tactical errors lately. One, they have increasingly embraced a partisan, Democratic agenda (and were not afraid in this election to go all-inon opposition to Trump.) It is the way of politics that that will now come back to bite them. Secondly, and much more grievously, they’ve chosen to fight on the most self-serving, least defensible possible ground: H-1B visas.
H1-B visa holders carry greater costs and fewer benefits than most other types of immigration—except to their employer. Normally, American workers suffer marginal competition on wages and jobs from immigrants, but gain through the new immigrant’s contributions to the national economy. This especially applies if the immigrant is an entrepreneur. But H-1B visa holders cannot leave their jobs without losing their legal status and so having to leave the country. This makes them cheaper and more pliable employees than their American counterparts. It’s not surprising, then, that H-1Bs have been tied to layoffs. They’ve also been named as a source of job loss to outsourcing; India views this sort of immigration as preparation for outsourcing as a form of industrial policy.

Read More:

No comments:

Post a Comment