But that isn’t going to happen under President Donald Trump. In fact, if he follows through even partly on his campaign pledge to require undocumented immigrant workers to leave the country, businesses’ labor shortage problems will get much worse. And while the president-elect at times expressed support for high-skilled worker immigration, he has generally been critical of the existing H-1B skilled worker visa program.
Incentives will thus be strong for businesses with global operations to expand their hiring overseas, where there are many highly educated and skilled workers. A strong U.S. dollar only makes this strategy more attractive. No amount of browbeating by policymakers will stop this dynamic. Trump may attempt to stop this practice as he has with using public pressure against companies moving jobs out of the country, but it is unlikely to work given businesses’ strong economic incentives to hire from overseas.
All of this may sound a bit odd, given what we’ve heard about coming technologies that seemingly threaten to wipe out jobs and leave many unemployed. There is much Luddite-like talk of driverless cars, artificial intelligence, 3D manufacturing, drones, and robots. These advances appear promising, but history shows that it will take a long time for them to have a broad impact on the economy. For now, businesses shouldn’t count on technology solving what for many will soon be their more significant problem: The inability to find qualified workers.
America is a society of people that share a common belief.
That all men and women are born equal.
And for generations this has worked.
But since about 1976 we have buried our head in the sands of denial and let our government and businesses work to deny opportunity to the American Citizen.
Let me explain what I mean before you say this is not happening.
Our population continues to rise, does it not?
This increase in our population means that we must provide more jobs to handle that increase, does it not?
If we let our businesses send our jobs to other countries, this decreases the jobs available to our citizens.
And if we import non-immigrant guest workers to take jobs, this also decreases the jobs available to our citizens.
By allowing these two things, we are forcing out of the workforce our grown children who have not yet acquired the skills to compete for the jobs we have available.
And we are forcing out of the workforce our people over the age of 45 who have the skills to compete for the jobs we have available by using age discrimination and even caste when we consider the examples of companies who have contracted out their work to companies who only hire the people of India to work in America.
Unless we want to destroy the only country that believes that all men and women are equal at birth regardless of their circumstances of birth, I believe we need to start telling the other side of what Mark Zandi is saying.
Simply because our silence enables our businesses to destroy opportunity in America and that is unacceptable to me.