Wall Street Still Finds Ways to Hire Foreigners – WSJ.com
Wall Street Still Finds Ways to Hire Foreigners – WSJ.com.
According to this article in the WSJ today, companies continue to find ways to circumvent federal limits on hiring skilled foreigners. Financial institutions who’ve accepted TARP funds under the emergency economic stimulus package are now required to prove that no qualified American workers are available for the jobs they seek to fill with foriengers via the H-1B visa program. Apparently, the restrictions don’t count if the company hires the foreigner anyway and simply ships them to work anywhere offshore. The same reasoning probably holds for all those non-TARP companies that are in a bind to find qualified workers–American or not–to fill jobs. What do you think? Doesn’t this just mean that continued attempts by the US Government to limit foreign worker visas is futile? Should H-1B visa caps be completely scrapped?