Discussion Board

Few takers for US H1-B jobs


Total 207 messages Pages | 1 | 2 | 3 | 4   Older >
Guest
Abuse of H1B is True
by Guest (View MyPage) on Apr 12, 2009 05:46 PM

Have personally seen, how employers (desi body shoppers), first show good prospects to candidates in India and ask them to spend money for their own H1B visa also their own ticket money for airfare. And when candidate reaches US there is no job, no pay he comes with limited rupees converted to dollars (which would have already made him weak) Further employer starts step-mother treatment & ignoring his telephone calls.

# My serious advise to everybody from India; thinking of H1B visa for job is. Think hard and critically about who your employer is, what is his company strength. Is it a consulting company, Does it have its marketing team, Do minimum 5 - 6 cross references of the employees, Company standing, Owners credibility and think very hard about the representative of employer who is convincing you to spend money for H1B visa of your own. It is the personal target of that person to convince you to file your H1B so he can show to his management that he has generated pipeline of candidates for next year sales (yes sales of consultants available at his disposal) for jobs in USA. Once you have filed for your H1B visa with your money and reach US; that same consultant will not bother to even look or talk at you.
H1B program is for skilled people and those skilled need to be in demand. I have personally seen more then 15 years experienced people looking for work these days in US who has worked in pratically every technology and is very highly skilled. Check and THEN ONLY APPLY#

    Forward  |  Report abuse
micckymose
This is happening bcos desi companies have stopped applying
by micckymose (View MyPage) on Apr 10, 2009 08:13 AM

This is happening bcos desi companies r afrais to apply for h1b as the rules r tight now. For instance a company which is having a bogus company in iowa cannot apply as so may desi employers got arrested and job norms are tight now for H1-B. So many companies r naturally discouraged to get one.

    Forward  |  Report abuse
james
the real value of dollar..
by james (View MyPage) on Apr 10, 2009 05:18 AM  | Hide replies

What soon became clear to US Treasury and Federal Reserve circles after 1971, was that they could exert more global influence via debt, US Treasury debt, than they ever did by running trade surpluses. One man's debt is the other's credit. Because all key commodities, above all, oil, were traded globally in dollars, demand for dollars would continue, even if the US created more dollars than its own economy justified.

Soon, its trade partners held so many dollars that they feared to create a dollar crisis. Instead, they systematically inflated, and actually weakened their own economies to support the Dollar System, fearing a global collapse. The first shock came with the 1973 increase in oil by 400%. Germany, Japan and the world was devastated, unemployment soared. The dollar gained.

This Dollar System is the real source of a global inflation which we have witnessed in Europe and worldwide since 1971. In the years between 1945 and 1965, total supply of dollars grew a total of only some 55%. Those were the golden years of low inflation and stable growth. After Nixon's break with gold, dollars expanded by more than 2,000% between 1970 and 2001!

The dollar is still the only global reserve currency. This means other central banks must hold dollars as reserve to guarantee against currency crises, to back their export trade, to finance oil imports and such. Today, some 67% of all central bank reserves are dollars. Gold is but a tiny share now, and Euros only about 15%. Until creat

    Forward  |  Report abuse
james
Re: the real value of dollar..
by james (View MyPage) on Apr 10, 2009 05:19 AM
Until creation of the Euro, there was not even a theoretical rival to the dollar reserve currency role.

What is little understood, is how the role of US trade deficits and the Dollar System are connected. The United States has followed a deliberate policy of trade deficits and budget deficits for most of the past two decades, so-called benign neglect, in effect, to lock the rest of the world into dependence on a US money system. So long as the world accepts US dollars as money value, the US enjoys unique advantage as the sole printer of those dollars. The trick is to get the world to accept. The history of the past 30 years is about how this was done, using WTO, IMF, World Bank and George Soros to name a few.

What has evolved is a mechanism more effective than any the British Empire had with India and its colonies under the Gold Standard. So long as the US is the sole military superpower, the world will continue to accept inflated US dollars as payment for its goods. Developing countries like Argentina or Congo or Zambia are forced to get dollars to get the IMF seal of approval. Industrial trading nations are forced to earn dollars to defend their own currencies. The total effect of US financial and political and trade policy has been to maintain the unique role of the dollar in the world economy. It is no accident that the greatest financial center in the world is New York. It's the core of the global Dollar System.

It works so: A German company, say BMW, gets dollars for

   Forward   |   Report abuse
james
Re: Re: the real value of dollar..
by james (View MyPage) on Apr 10, 2009 05:20 AM
It works so: A German company, say BMW, gets dollars for its car sales in the USA. It turns the dollars over to the Bundesbank or ECB in exchange for Marks or Euros it can use.

The German central bank thus builds up its dollar currency reserves. Since the oil shocks of the 1970's, the need to have dollars to import oil became national security policy for most countries, Germany included. Boosting dollar exports was a national goal. But since the Bundesbank no longer could get gold for their dollars, the issue became what to do with the mountain of dollars their trade earned. They decided to at least earn an interest rate by buying safe, secure US Treasury bonds. So long as the US had a large Budget deficit, there were plenty of bonds to buy.

Today, most foreign central banks hold US Treasury bonds or similar US government assets as their "currency reserves." They in fact hold an estimated $1 trillion to $1.5 trillion of US Government debt. Here is the devil of the system. In effect, the US economy is addicted to foreign borrowing, like a drug addict. It is able to enjoy a far higher living standard than were it to have to use its own savings to finance its consumption. America lives off the borrowed money of the rest of the world in the Dollar System. In effect, the German workers at BMW build the cars and give it away to Americans for free, when the central bank uses the dollars to buy US bonds.

Today, the US trade deficit runs at an unbelievable $500 billion, and the dol

   Forward   |   Report abuse
james
Re: Re: Re: the real value of dollar..
by james (View MyPage) on Apr 10, 2009 05:21 AM
Today, the US trade deficit runs at an unbelievable $500 billion, and the dollar does not collapse. Why? In May and June alone, the Bank of China and Bank of Japan bought $100 billion of US Treasury and other government debt! Even when the value of those bonds was falling. They did it to save their exports by manipulating the Yen to dollar to prevent a rising yen.

Because the world payments system, and most importantly, the world capital markets---stocks, bonds, derivatives—are dollar markets, the dollar overwhelms all others. The European Central Bank could offer an alternative. So far it does not. It only reacts to a dollar world. German banks destroy the German economy as they rush to imitate US banks. The Dollar System is destroying the German industrial base. German national economic policy as well as Bundesbank and now ECB policy is oriented on the far smaller export sector, to maximize trade surplus dollars, or to the big banks, to attract as many dollars as possible.


This is the real value of dollar...World is being cheated by these americans and make their belly big day by day ..

   Forward   |   Report abuse
my
Re: Re: Re: Re: the real value of dollar..
by my (View MyPage) on Apr 12, 2009 01:13 PM
Good explanation but this is the biggest and one of the reasons why US attack Iraq because Saddam Hussein refused payment in Dollars for oil.

   Forward   |   Report abuse
bonala rao
Re: Re: Re: Re: the real value of dollar..
by bonala rao (View MyPage) on Apr 12, 2009 12:02 AM
You must be right. But, years back it was only the eligible,stable currency considered for exchange as it was gold standard. Now present US rulers are making the world accept it by arms, politics, bullism. How long it will go...? One thing is true, the day it happens, the world will see no finance, no currency.....we will go back to goods exchange, right?

   Forward   |   Report abuse
satish avhad
Re: Re: Re: Re: the real value of dollar..
by satish avhad (View MyPage) on Apr 10, 2009 08:51 AM
James, good insight on the working of the dollar based financial system. Thanks for sharing

   Forward   |   Report abuse
Gautam Joshi
Re: Re: Re: Re: the real value of dollar..
by Gautam Joshi (View MyPage) on Apr 10, 2009 09:32 AM
Really an interesting read! The arguments really make you think about the financial system based on dollars. Made me think of our agro based closed economy as the best way to be stable in this world of US based economy...why? because no matter how much Indian companies earn profit due to globalisation, in the end its of no use if its going to be in dollars which is debt ridden currency and also in the end we may have to be dependent on outside clients which are also affected by US economy...so in a way globalisation is a vicious circle to get into...

   Forward   |   Report abuse
TheWicked wizard
Re: the real value of dollar..
by TheWicked wizard (View MyPage) on Apr 12, 2009 11:13 AM
One single huge reason why the dollar will not collapse against other currencies though the US economy is in doldrums is that - the smart americans have ensured that global trade in gold and oil-two of the largest raded goods are pegged to the dollar, hence any country wanting to buy any of these needs to buy dollars, which creates a demand for dollar, ensuring it stays high...

   Forward   |   Report abuse
prabhu gosungari
depends on the candidate
by prabhu gosungari (View MyPage) on Apr 09, 2009 11:44 PM  | Hide replies

I don't really think it matters to bright candidates whether the h1b cap is increased/reduced. They can survive anywhere in India/USA infact in any part of the world if you are good enuf. H1b is really abused by lot of companies, h1b should be only applied when you have a job ..but all the body shoppers have changed the menaing of h1b ..for them get h1b first and then look for a job, They use fake experiences, run duplicate pay rolls, its a big mess. and ultimately its the the candidate that suffers. I think strict h1b rules will do good to indian youth in long term. In My case I have done my Masters from good university, scored good grades published my thesis, straight away got a secure full time job on h1b in reputed company last year. and making very good money now. So I beleive it all depends on how you plan and work hard to shape up your career. Please don't depend on h1b's ..& body shopper companies to get you jobs and shape your career. Believe in yourself work hard .. h1b or no h1b you will definitely do well

    Forward  |  Report abuse
Rajab S
Re: depends on the candidate
by Rajab S (View MyPage) on Apr 12, 2009 07:07 AM
not many ppl are as bright or as patient as u to do masters and publish thesis.. for a b.tech holder, the only chance of gng to us (unless he is extra ordinary and has done graduation in IIT) is desi companies. these companies most of the time use fake exp, thats right. but no us company will give u a job if u show only indian exp. there are 2 sides to a coin. always remember that.

   Forward   |   Report abuse
sukhman preet
US prosperity
by sukhman preet (View MyPage) on Apr 09, 2009 11:32 PM  | Hide replies

those who suggest that USA is going to remain economic superpower are in denial, even studies done by US govt officials indicate d rise of BRIC powers around 2025- 2050 , dats y US n Europe started giving importance to BRIC countries may b people like you would be eating ur own words when u reach old age nad history repeats itself before US came up d ladder , european countries were d ultimate superpower and hence colonised every part of world , even US armies fought against british and gained independece hence they celebrate 4th of july , nothing remains forver - from sumone whos living in canada for last 1yr , trust me job scenario here is bad and jobs r moving to asia recently IBM did this

    Forward  |  Report abuse
Dharmesh Chheda
Re: US prosperity
by Dharmesh Chheda (View MyPage) on Apr 10, 2009 12:11 AM
is there any connection between your hands and your brain ?.. what are you blabbering about?.. you seem to have had a very bad day

   Forward   |   Report abuse
sukhman preet
Re: US prosperity
by sukhman preet (View MyPage) on Apr 09, 2009 11:41 PM
n u know watt these north american r highly emotional abt their jobs n r doing everything in their right to stop these jobs , but multinationls in order to remain competive need to move sum jobs to BRIC where pay is low. another thing nobody wants to go back from US to india but if job scenario remains d same upto 2 yrs people will start doing sum serious re-thinking . y people move back is based on many things inculding emotional support in india from families . i myself thot wud never b going b going back but who knows watt life is going to bring in 4-5 years . when u r still young its easy to move countries but when u r settled with kids who r like 10 yr old or teenage it becomes issue with whole family
terminating H1B visas is not d issue , jobs r still going to move how much ptoetctionist measures may western countries take

   Forward   |   Report abuse
Bala
How is the job opportunity in India?
by Bala (View MyPage) on Apr 09, 2009 11:21 PM  | Hide replies

How is the job opportunity in India? What is the employment rate?

    Forward  |  Report abuse
Dharmesh Chheda
Re: How is the job opportunity in India?
by Dharmesh Chheda (View MyPage) on Apr 10, 2009 12:15 AM
have you heard anything like internet and job sites?.. and also something like newspapers.. you can check yourself.. you asking the question as if you are on Mars

   Forward   |   Report abuse
Calspadeaspade
Obama will set right US
by Calspadeaspade (View MyPage) on Apr 09, 2009 11:10 PM

US will be another ordinary country embracing Socialism. They will go back to manufacturing meaningful things instead of financial products that fooled the world and themselves. Which will make china come down on it's knee because their export of their trash to US and west, will fall. If he succeeds in energy then middle east Saudis will be put in their places and not export their stone age culture to the world. US will meddle less with the world because the demography will be more black and brown instead of lily white which thinks it should rule the world. Hence other foolish countries like us and our neighbours will learn to live with each other peacefully instead of being manipualted by the US.

    Forward  |  Report abuse
deepak kolagad
Monster Vs Aliens
by deepak kolagad (View MyPage) on Apr 09, 2009 11:05 PM  | Hide replies

In this movies, General asks the president that he needs smartest people in the team to fight aliens. President says, call Indians!!. so what it tells guys?

    Forward  |  Report abuse
Dharmesh Chheda
Re: Monster Vs Aliens
by Dharmesh Chheda (View MyPage) on Apr 10, 2009 12:13 AM
this means that they out sourced that job also .. in case people die fighting .. atleast they are not americans.. got it!!! ..

   Forward   |   Report abuse
Madan S Prabhu
Re: Monster Vs Aliens
by Madan S Prabhu (View MyPage) on Apr 09, 2009 11:41 PM
It tells that American would never risk themselves as there are a few indians always in waiting to do anything as long as they get paid in dollars

   Forward   |   Report abuse
Total 207 messages Pages: | 1 | 2 | 3 | 4   Older >
Write a message