Do you remember Obama telling a married woman that he was surprised her husband was having trouble finding a job? Her husband was an experienced Semiconductor engineer. We wrote about it: here.
The latest news out of Webster, NY is that Xerox will be announcing layoffs — mostly affecting research and engineering.
In a stagnant economy, research and development will be affected because there is less available capital to invest in new products. And far too many companies are finding it a viable option to either bring in foreigners via H1B visas or outsource their labor. Instead of being shocked at the woman’s situation, he should have shown empathy.
Obama could immediately help Americans by suspending the H1B program temporarily. If the unemployment rate is high in the USA, we should be very cautious about brining in immigrants.