This is the question asked to me almost every other day. Being a person involved very closely with Immigrant visa and their Jobs/Projects from past few years, I am quite concern with my business and current stock market fluctuations, employee layoffs, government bailouts, and other indicators of economic problems.
Since two months I am analyzing situations from both the sides (Immigrants and US Economy) and collecting the views of People. The views are quite surprising and threatening. People are seeing two black holes : the Bursting Bubble and the Migration Policy.
What frighten them?
As per my findings between October 15th and 24th, 2008, a survey has been conducted by human resources executives at more than 450 companies, asking what they’re likely to do now, The response was shocking people are frightened to come here, they are feeling loss of job and career opportunities at all the levels. The current US Immigration Policy is also a factor.
The Part
If I see the data and American Economy Statistics, the more H1b’s means more skilled workers would allow American businesses to expand operations in the United States, creating more jobs and higher wages for American workers.
And The CounterPart
At the same time some feels insourcing of foreign manufacturers destroys our domestic industries, takes profits and taxes overseas, and provides only low-skill jobs for American workers, they want current immigration Policy to be more strict.
In order to continue to compete in a global economy the United States must not fail, and I am inviting views of all of you, what I should suggest them.
Subscribe to:
Post Comments (Atom)
2 comments:
Great topic Vinita.
I'm sure this must be a concern for many and moving here for a job (particular on a H1B visa) should be a well thought decision in this time.
Near future market recovery is a million dollar question but many pundits are predicting that things will start turning around after first quarter of 2009. Please keep in mind that companies may still wait for another few months before executing their hiring plans.
Said that, market may not be that bad for everyone (we're making a ton of money.. sure just kidding!). Companies are still hiring for next generation products/services and mobile technologies are one of the hot example. We're struggling to provide great J2ME/blackberry, Iphone, Windows Mobile, Symbion etc. candidates to our prime clients even in this bad market.
Even thought unemployment rate has been shoot up to ~6.5% in general, unemployment rate is still staying close to ~3% for the skilled jobs and much lower for the jobs with qualification as masters in science and/or years of experience in high tech area.
My piece of advise, if you can wait for a few months (i.e. March-May 2009), picture over here would be much clearer (that may also give some time for the new president, but I'll not count on it much). I personally hope that tech companies would start recruiting again to stay on the growth cycle.
If you are planning to come in next few weeks.. I would stay positive. You might need to struggle for first month or two (which may be story of many, even in very good economy) but things would work out (it has been working out for almost all of new starters even in past few weeks).
Good Luck.
Thanks Alok for providing great Information.
Economists are suggesting to Goverment around the world to accept tougher Financial Regulations in order to stave off a deep and prolonged recession, so it may take few months for fruits to come out.
Hoping for the Good.
Post a Comment