More mundanely, I am more worried about this:-
link here This is unsustainable and I wonder what sort of workplace will exist here in the States in 20 years or so...
The NYT article linked to is "Temporary Visas to Import Talent Help Copycats Take Jobs Abroad". There will continue to be global convergence in wages, mostly in the direction of developing country wages approaching that of developed countries. If an Indian can do an accounting or programming job for a fraction of what an American commands, the job will go to India. Overall this benefits Americans, because in a competitive market companies will pass on labor cost savings to consumers. Clothes and shoes are much cheaper than they would be if they were produced domestically.
Is an American with a given IQ and other skills entitled to much higher pay than a foreigner with the same attributes?
