A corporate ‘feeding frenzy’

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Dan Stein
USA Today
March 25, 2008

Today we are watching an amazing spectacle: Many in Congress — including allegedly labor-friendly Democrats — are pushing to increase the importation of foreign labor just as the USA slips into what may be its worst recession in decades.

Why? Because the greed of a handful of multinationals is demanding more and more access to “skilled” foreign labor.

Sure, we hear bogus “studies” that claim garden-variety foreign programmers will save the U.S. economy. But former Federal Reserve Chairman Alan Greenspan recently admitted the real agenda: “Significantly opening up immigration to skilled workers … would compete with high-income people, driving more income equality.” In 2007, he further opined that, “Our skilled wages are higher than anywhere in the world. If we open up a significant window for skilled (foreign) workers, that would suppress the skilled-wage level and end the concentration of income.”

Thanks, Alan! Having shipped so many good jobs overseas, we now find that U.S. workers who acquire job skills are overpaid!

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