So far this year, there are 415,000 layoffs, which does NOT include 200,000 H1B\'s, of which 90% are Indians. We know there are 50%Indians of all H1B\'s, but Indians are mostly concentrated on IT area, where they have 80% people. Downsizing in Silly Valley gives those people the hardest hit.
http://www.forbes.com/2001/06/01/layoffs.html
While getting freedom (i.e. obtaining GC) is something worth celebrating, there\'s tough time ahead. There\'s no person who does not experience an economy down turn in his life. Paying your mortgage bill on time for your house will not be less stressful in the next 15-30 years. America is a highly competitive society. People in their 40-50\'s will be difficult to find a job in IT area. Think about this, if so many existing H1B\'s are out of job while they have years of experiences, why are there still about 80,000 new H1B\'s so far this INS fiscal year? Because IT industry (and/or US) constantly needs new, refreshed, young minds. It will be even better to pay lower. After all, isn\'t that the same reason that has brought so many Indians here in the first place?
Younger Indian H1B\'s will come here to replace the older Indians, even though the latter are holding GC\'s and are only 30-40 years old.
It is a sad story for every one of us.
http://www.forbes.com/2001/06/01/layoffs.html
While getting freedom (i.e. obtaining GC) is something worth celebrating, there\'s tough time ahead. There\'s no person who does not experience an economy down turn in his life. Paying your mortgage bill on time for your house will not be less stressful in the next 15-30 years. America is a highly competitive society. People in their 40-50\'s will be difficult to find a job in IT area. Think about this, if so many existing H1B\'s are out of job while they have years of experiences, why are there still about 80,000 new H1B\'s so far this INS fiscal year? Because IT industry (and/or US) constantly needs new, refreshed, young minds. It will be even better to pay lower. After all, isn\'t that the same reason that has brought so many Indians here in the first place?
Younger Indian H1B\'s will come here to replace the older Indians, even though the latter are holding GC\'s and are only 30-40 years old.
It is a sad story for every one of us.