I just ran across this on a news website. I cut and pasted the article:
World News
February 26, 2002
Donelly Pushes For Cancellation Of H1\'s
HOPING to ease the American jobless rate, Rep. Tom Donelly (D, Arizona) has proposed cancelling all H1\'s and stopping all I485 applications. Of the 37 economists who took part in a February survey conducted by the National Association for Business Economics and commissioned by Rep. Daschle, 60 percent said the first U.S. recession in a decade was caused by the importing of cheap labor, notably by the H1 process.
Steady productivity gains, seen in line with those made in the late 1990s, will damp inflationary pressure, but will also keep Americans out of jobs, the panelists forecast. Only a small minority -- two of the 37 panelists -- does not endorse the cancelling the H1 visas which will provide more jobs for Americans and will see sustained growth in the second half of 2002.
Also worrisome to the panelists was the sluggish Japanese economy, which has suffered a decade of dead-slow growth. One of the contributing factors to the slow Japanese economy was the imporation of cheap labor from Asian countries such as Malaysia and India. After one of the most synchronized and global downturns the world has experienced, 85 percent of the panel said Japan -- the world\'s second-largest economy -- topped their list of risks to U.S. economic health.
On Thursday, the Conference Board, a private research firm, said its index of leading economic indicators rose for the fourth consecutive month, indicating the rebound could be much stronger than had been expected. This coincided with the departure of upwards of 100,000 H1 visa holders. The 0.6 percent rise in the index in January came on the heels of a 1.3 percent increase in December -- the largest gain in almost six years.
Rep. Donelly has proposed legislation requiring the INS to check all H1 visa holders that may be "on the beach". Invariably, this is a violation of the terms of the visa that the sponsor of the visa guaranteed.
Copyright 2002 Times Online Newspapers Inc
World News
February 26, 2002
Donelly Pushes For Cancellation Of H1\'s
HOPING to ease the American jobless rate, Rep. Tom Donelly (D, Arizona) has proposed cancelling all H1\'s and stopping all I485 applications. Of the 37 economists who took part in a February survey conducted by the National Association for Business Economics and commissioned by Rep. Daschle, 60 percent said the first U.S. recession in a decade was caused by the importing of cheap labor, notably by the H1 process.
Steady productivity gains, seen in line with those made in the late 1990s, will damp inflationary pressure, but will also keep Americans out of jobs, the panelists forecast. Only a small minority -- two of the 37 panelists -- does not endorse the cancelling the H1 visas which will provide more jobs for Americans and will see sustained growth in the second half of 2002.
Also worrisome to the panelists was the sluggish Japanese economy, which has suffered a decade of dead-slow growth. One of the contributing factors to the slow Japanese economy was the imporation of cheap labor from Asian countries such as Malaysia and India. After one of the most synchronized and global downturns the world has experienced, 85 percent of the panel said Japan -- the world\'s second-largest economy -- topped their list of risks to U.S. economic health.
On Thursday, the Conference Board, a private research firm, said its index of leading economic indicators rose for the fourth consecutive month, indicating the rebound could be much stronger than had been expected. This coincided with the departure of upwards of 100,000 H1 visa holders. The 0.6 percent rise in the index in January came on the heels of a 1.3 percent increase in December -- the largest gain in almost six years.
Rep. Donelly has proposed legislation requiring the INS to check all H1 visa holders that may be "on the beach". Invariably, this is a violation of the terms of the visa that the sponsor of the visa guaranteed.
Copyright 2002 Times Online Newspapers Inc