Wage Depreciation

American Tech Workers Would Compete With Hundreds of Thousands of New Guest Workers Under Obama’s L-1B Visa Proposal

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President Obama has proposed unilateral changes in the L-1B visa program that would bring in hundreds of thousands of new foreign guest workers that would compete with or displace American tech workers. Obama claims his proposal will “benefit our entire economy and spur additional investment,” but it could add to the unemployment lines while doing little to increase foreign investment.