|
You know. Ustwo has a lot of points that seem to go ignored by the most of you. I'll paraphrase:
1. Its a global market (and that goes for the labor market too). Supply and demand work both ways. The IT folks were getting paid so much in the 90s because there was a high demand for IT labor and a small supply of it. This resulted in high IT wages. The youngsters took a cue, learned IT, entered the IT labor market, thus increasing the supply of IT labor. This puts downward pressure on IT wages. Now if the US closed its economy to foreign IT labor those foreign workers would be doing the same thing for a new firm in another country. That firm would be producing cheaper goods as a result of cheaper labor. Those goods would compete with US goods and cause the US IT firm to loose profits, lay off workers, or possibly go out of business. Closing your economy is a sure way to damn it.
2. I think I covered a few of Ustwo's points in there. I'll read this thread again later and add more if I need to.
|