Comments on: Bare Knuckled Economics

By: shane

shane — Wed, 30 Nov -0001 00:00:00 +0000

That income inequality across national borders already exists -- one of the main reasons so many people want to come to America.

And I completely agree with the former Fed Chairman's logic -- it's embarrassing how few H-1B visas our government authorizes each year.

By: Jay@Soob

Jay@Soob — Wed, 30 Nov -0001 00:00:00 +0000

What defines a "highly skilled worker?"

I'm certainly not a proponent of penalizing people for success (or wealth redistribution) but from what I've read (and I'm no economist) nominal wage growth has been restricted in all but the highest educated (masters and beyond.) Is this the economic echelon Greenspan refers to?

By: Dan tdaxp

Dan tdaxp — Wed, 30 Nov -0001 00:00:00 +0000

Shane,

I've gone back and forth over H1-B visas. Without a path to citizenship they amount to a labor subsidy to large firms. My impression is that the program doesn't have such a path as such, but many (most?) H1-B holders either choose to go home on their own or else do gain permanent residency.

Jay,

That's my impression, too.