There is probably a solution to the current economic problem that involves more cooperation rather than more warfare. Most ethical systems try to achieve the former before they default to the latter.
What "talent"? Talent that has produced the biggest recession in 70 years? USA doesn't need that kind of talent. America was booming when Americans were running IT. Americans invented IT. America has all the talent it needs right here at home. A country that does not employ its own citizens isn't even a country.
Yesterday Trump said he believed real unemployment was over 20%. It's at least that high. 8.3% is a joke. And no, despite the election-year hype, the economy is not improving.
Giving H-1Bs or green cards to anyone with an advanced US degree will not solve the problem because they will still send their pay home instead of spending it in the US. The point is Americans spend their $ here, foreign workers send it home with the view of returning home as soon as they have made enough. Do not delude yourself into thinking these people want to become Americans and stay here. America needs a healthy base of US consumers in order for the economy to function properly.
"How much do you think the real Unemployment Numbers for IT professionals in America is today?"
I can't say for sure beyond my own impressions. However, if you presume that 5% is the rate where frictional unemployment predominates in an industry, and that anything above that reflects structural pain, then my oberservations of the general pain and the permanent changes that colleagues are experiencing in IT tell me that we are probably somewhere above 5% in IT unemployment. My gut tells me that the unemployment rate for US IT employees (non H1-B) is probably higher than the current average you mentioned, and older US employees are at the very highest in terms of unemployment and wasted potential.
It would be very easy to find a reasonable approximation of the true figure via a survey, but the organization doing the survey must be free of conflicts of interest. That means no political agenda, no advertising conflicts, and no sponsorship conflicts (as seen in the case of corporate "sponsoring memberships" in the big technological, so-called professional societies). We likely won't see that.
I think as written, the H1-B program is a good one. Oversignt would help weed out a lot of the abuses. I don't think we can blame the H1-B program for problems with immigration and legal/illegal workers. Again, as written, H1-B is not a ticket to a green card and is not intended to be. Rather than shut down a program that should bring talent into the US, an overhaul/oversight would be the better option.
I accept both your arguments that Inflation and Unemployment in America are higher than official Govt numbers.
The best indicator of Inflation that I have seen is from Shadow Stats.
The Best indicator of Unemployment that I have seen is from Mike Shedlock.
But none of them give seperate breakdown for IT unemployment numbers.
From my work on SearchCIO.com,I have found out that they estimate Unemployment amongst IT Professionals is at 5.8% in America at the end of December 2011.
How much do you think the real Unemployment Numbers for IT professionals in America is today?
"Unemployment amongst Americans has increased this Recession started in 2008.Albleit amongst the IT Crowd its still quite low(4%)."
I doubt the accuracy of the official unemployment figures, especially as, according to the US government, inflation is very low in the US. My observations tell me a different story, in both departments.
EBN Dialogue enables and encourages you to participate in live chats with notable leaders and luminaries. Not only editors and journalists, but the entire EBN community is able to comment and ask questions. Listed below are upcoming and archived chats.
Archived Dialogues
Thailand Stages a Comeback Join EBN contributor Jennifer Baljko on Thursday August 23, 2012, at 11:00 a.m. EST for a live chat on how electronic manufacturers in Thailand have shored up their supply chain to reduce the impact of future natural disasters.
Euro-Crisis: What It Means for High-Tech Firms Join EBN Editor in Chief Bolaji Ojo and Contributing Editor Jennifer Baljko on Thursday, July 12, at 10:00 a.m. EDT for a Live Chat on high-tech and Europe's economic difficulties.
Microsoft Surface: Potential Winners & Losers What are the implications for the electronics industry supply chain of Microsoft Corp.'s decision to launch its own tablet PC? Join industry veteran and EE Times' systems and OEM expert Rick Merritt on Tuesday, July 3, at 12:00 pm EDT for a Live Chat on this subject.
Join EBN contributor Jennifer Baljko on Thursday August 23, 2012, at 11:00 a.m. EST for a live chat on how electronic manufacturers in Thailand have shored up their supply chain to reduce the impact of future natural disasters.
Peter Drucker famously said "Trying to predict the future is like trying to drive down a country road at night with no lights while looking out the back window." Yet in the razor's-edge world of electronics—with a lean supply chain and just-in-time demands—the need to know the future is vital.
While no one really can accurately predict the future, we can take guidance from another Drucker saying which is the best way to predict the future is to create it.
You've heard the saying "the No. 1 supply chain risk is your people." That hasn't always been the case. But today's complex global supply chain requires a new type of multitalented employee. It's one who understands, finance, marketing, economics, is savvy with technology, graceful with relationships and can think analytically.
Where are these people? Are universities properly preparing the next generation supply chain professionals? How do train your existing workforce for these new, demanding positions?
Brian Fuller, editor-in-chief of EBN, will lead a 60-minute Avnet Velocity panel discussion that will ask and answer these and other questions swirling around today's supply-chain talent challenges.
To save this item to your list of favorite EBN content so you can find it later in your Profile page, click the "Save It" button next to the item.
If you found this interesting or useful, please use the links to the services below to share it with other readers. You will need a free account with each service to share an item via that service.
Tweet This
