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Infosys plans to hire 10,000 American workers, open four U.S. tech centers

reuters.com

31–40 of 80 posts

Re: Infosys plans to hire 10,000 American workers, open four U.S. tech centers

#31

Many on HN seem to dislike Infosys, but let's not let that cloud larger, far more important issues: Most importantly, it sets very dangerous precedents of U.S. federal government interference in the free market and in business decisions, and of economic nationalism worldwide: * Today you might like who the federal government is picking on and threatening; tomorrow you might not. Do we want politicians making decision…

Free market and Free trade doesn't make it no border or no country.

USA is still a country and they can impose certain thing to their advantage if they want to.

If they wish to prioritize their citizens first then so be it.

Also the main point is the abusive H-1B Visa. It is not free market when foreign workers cannot negotiate wage between companies. American citizens cannot compete against a foreign workers when the foreign workers cannot shop for salary.

It's corporate slavery.

> All that will result is moving jobs back and forth not to increase productivity and find market efficiencies, but for political reasons. It will create market inefficiencies, which could (for example) raise costs for Infosys customers (including U.S. customers), reduce Infosys' overall employment, reduce profit for Infosys shareholders, and reduce overall productivity for the economies involved.

> It's surprising how quickly the terms "free market" and "free trade" have disappeared from HN.

You're really just economic arm chairing.

You harp such libertarian things but you don't address the core issue. H1-B visa and those people inabilities to negotiate wage which artificially lower Americans salary (my salary, I've seen it first hand and I've heard from it from my buddies).

Hell I don't even know if you know the issue at all other than using this to harp about libertarian idealism.

Re: Infosys plans to hire 10,000 American workers, open four U.S. tech centers

#32

Many on HN seem to dislike Infosys, but let's not let that cloud larger, far more important issues: Most importantly, it sets very dangerous precedents of U.S. federal government interference in the free market and in business decisions, and of economic nationalism worldwide: * Today you might like who the federal government is picking on and threatening; tomorrow you might not. Do we want politicians making decision…

> Do we want politicians making decisions for businesses and controlling the free market?

So a visa only available to workers with a certain skill set that chained them to companies is the free market?

> It's surprising how quickly the terms "free market" and "free trade" have disappeared from HN.

Because a phrase like "free market" is propaganda and meaningless.

That the word free is attached to it is part of the propaganda element, what's the alternative, an unfree market?

And the word market is the meaningless. How is a market selling radishes in the USA for dollars today different than a market selling radishes in the USSR for rubles in 1951? They're the same thing. What's different is production, namely who controlled it - in the USA, production is overwhelmingly owned and controlled by heirs who do not work and who spend their days jetting to things like the Fyre Festival in the Bahamas - in the USSR production was not controlled by that class.

Re: Infosys plans to hire 10,000 American workers, open four U.S. tech centers

#33

Many on HN seem to dislike Infosys, but let's not let that cloud larger, far more important issues: Most importantly, it sets very dangerous precedents of U.S. federal government interference in the free market and in business decisions, and of economic nationalism worldwide: * Today you might like who the federal government is picking on and threatening; tomorrow you might not. Do we want politicians making decision…

Politicians made a decision to help the "free market" by making an exception to immigration rules with H1B visas. H1B visas were intended to address a shortage of highly skilled tech workers. They were not intended to supplant US workers, nor provide a readily accessible pool of low wage IT workers. H1B abusers like Infosys use H1B to hire 90% of their staff. They then undercut US workers and cause them to be laid of…

> H1B visas were intended to address a shortage of highly skilled tech workers. They were not intended to supplant US workers, nor provide a readily accessible pool of low wage IT workers.

Yes, they were. In a market, a "shortage" is meaningless without reference to a price level, and the only way to address a shortage at any given price level is to add additional supply from sellers willing to sell below what the necessary price would otherwise be for the final quantity traded.

Adding more workers at the "prevailing wage" means increasing the quantity traded without increasing price, which inherently favors the buyers of the good (labor, here) over sellers.

Structurally, the "abuse" by Infosys, et al., and the suppression of wage growth for highly-skilled labor is exactly what H-1B is designed to support, not just a loophole in the design but the fundamental, basic, high-level structure of the program.

Re: Infosys plans to hire 10,000 American workers, open four U.S. tech centers

#34
I keep on seeing this time and again on HN that "H-1B workers are cheap workers" (mostly with disdain, completely disregarding the fact that they might also be technically 'better'), but is there any data to support those claims? Because if that's the case, that clearly warrants a few lawsuits about wage discrimination in American companies.

Re: Infosys plans to hire 10,000 American workers, open four U.S. tech centers

#35
The faster body shopping of indian workers to US stops the better. Sadly, due to NRI worship culture many Indians are becoming second rated citizens in their own country.

NRIs are wooed by the goverment and get visa free access and many other rights like NRI bank accounts and have rights to buy property. They live eating noodles in US and come back to India to buy few apartments.

Due to this local citizens themselves are unable to buy property in their own country and have to then resort to send their kids abroad.

Re: Infosys plans to hire 10,000 American workers, open four U.S. tech centers

#36
post #22

Many on HN seem to dislike Infosys, but let's not let that cloud larger, far more important issues: Most importantly, it sets very dangerous precedents of U.S. federal government interference in the free market and in business decisions, and of economic nationalism worldwide: * Today you might like who the federal government is picking on and threatening; tomorrow you might not. Do we want politicians making decision…

Sometimes ideas go a bit too far beyond useful and need to be pulled back, adjusted and then moved forward again. For example it's great the labor can move freely between borders at the senior level, but is it really desirable for seniors to compete with juniors? Should companies make a profit from arbitrage between the bargaining power of someone on a temporary visa vs a permanent visa? It seems like an arbitrary an…

So allow proper freedom of movement and juniors can compete with juniors.

Re: Infosys plans to hire 10,000 American workers, open four U.S. tech centers

#39
For decades many american companies have engaged Indian IT Services companies like Infosys to save on software maintenance costs. Now that there is a wave of economic protectionism across the globe,, many Indian companies have to rethink their strategy. Now is the most opportune moment for Indian IT companies to prove that they are genuinely world class and that they have upped their game in terms of delivering with high quality and skill with a hugely diverse multi cultural, multi national workforce.

Re: Infosys plans to hire 10,000 American workers, open four U.S. tech centers

#40

Hmmm now americans are going to suffer, infosys hired bright indian kids and made them do CRUD apps and Managers. If this trend continues this is going to be more exploitation of US Citizens and very bad for the IT industry in US.

True fact:

Most people who go to Infosys in India are usually not the brightest but mostly those people who don't get into other big companies. We call them "Mass Recruiters" because they hire a whole bunch of people without looking at the skills or if they are a fit.

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