Feb. 15, 2009
The US economy is in deep depression. The economy is shrinking at a rate never seen before in the last 100 years. The Dow is headed for 1,000. The unemployment is at much above 15% although the US Government is in a state of denial. Underemployment has paralyzed 80% of the population.
H1B will be a thing of past within a few years. It will be completely illegal within a few years as US plunges into an economic catastrophe.
The state of denial continues. The US on Sunday said there should be no cause for concern over the Congress decision barring firms receiving bailout money from hiring foreigners through H-1B visas, bulk of which is accounted for by Indian professionals, saying it is a