it has to - more so now that investments in infrastructure sector where millions of daily wage earners earn their wages - reduction in poverty has to take place - creation of workspots & investments in infrastructure must go on & on & on - throughout the year
How H1B immigrants contributes towards US economy ?
1) H1B employees need a place to live, so they rent apartments. Average Rent paid per year – $12,000.
2) H1B employees need food, water, electricity and other utilities to sustain their families. Money spent on such services per year – $6000.
3) Many H1B employees typically go to school in US for MS. Average tuition fee paid living expenses – $40,000.
4) H1B employees typically travel back to their home country once every year on vacation – $2000.
5) Average taxes paid to US government – $20,000.
Total Contribution in 6 years = $12,000X6 $6,000X6 $40,000 $2,000X6 $20,000X6 = $280,000
How Red Tape is hampering H1B program ?
Stringent rules and regulations coupled with increasing costs are preventing more and more companies from hiring H1B employees. Here are some examples -
1) For H1B employees in consulting, Visa is being tied to a project.
2) If an employee moves to a different location an amendment needs to be filed.
3) Increased H1B filing fees.
Due to all these added complexities companies are avoiding hiring H1B employees. This is evident from the fact that for fiscal year 2012 only 18,400/65,000 (general quota) and 11,900/20,000 (Masters quota) have been consumed as of 07/01/2011.
How poorly managed H1B program is adding to US unemployment woes?
1) H1B employees after being denied Visa or due to increased red tape are choosi
in a country that will overtake chinas pop in the next few years, where illiteracy, unemployment, inflation, corruption, lawlessness r all on the rise, its hard to believe this report.
There is a Dichotomy here?Both the Agri and retail sector is willing to pay Rs 150/-per day per person(Rs 4500/-PM).They say that still(even untrained) man power is not available?On the other side we say that poor peoples' income is less than Rs 20/- per day? 40 Kgs of rice is given free of cost to the poor?Explain?
we should appreciate the humour of this article. wherever i travel in india, by car, train, etc.. and everywhere i turn around, i can only see poor people slogging it out, and young kids who are meant to be in school working like donkeys..inspite of this if some organization claims that poverty in india has reduced, i am probably in someother country that looks and feels like India. Or probably like everything else, indians like to hear and read only positive articles even if they are not true.
Re: Is this a congress report ?
by prashant prem on Jul 08, 2011 11:09 PM
very true................... this organisation are all bullshit, very far from reality