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Reply to "Desperate for work, college grads become nannies: overeducated young people turn to baby-sitting"
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[quote=Anonymous]Watch for Obama to increase the guest worker program as an executive order. More young people will be out of work when another 100,000 guest workers are invited to take their jobs. Indian firms have been lobbying US to provide more corporate subsidies and money for Indian companies. We should understand it is the intent of big firms to take jobs from the us taxpayer and send them to India. As long as it is not your job everything is ok? Last year, Nasscom hired influential lobbyist,public relation and law firms to plead the case of Indian firms with Congressmen. Indian software-export giants like [b]Tata Consultancy Services (TCS),Infosys and Wipro rely on visas to send employees overseas to service clients in the US[/b],its biggest market. US contributes 65 per cent of the revenue of these firms. The proposed legislation also requires firms to dilute their visa dependent workforce over the next few years,a move that will [b]force Indian companies to hire local talent,thus affecting their revenues[/b]. If passed in its current form,the Bill could hurt the margins of the Indian IT sector.[/quote]
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