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Indian CEO Says Most US Tech Grads "Unemployable"
theodp writes "When questioned about his firm's US hiring, Information Week reports that Vineet Nayar, the CEO of the Indian outsourcing giant HCL Technologies, showed he can stereotype with the best of them, telling an audience in NYC that most American tech grads are 'unemployable.' Explaining that Americans are far less willing than students from developing economies like India, China, and Brazil to master the 'boring' details of tech process and methodology, the HCL chief added that most Americans are just too expensive to train. HCL, which was reportedly awarded a secretive $170 million outsourcing contract by Microsoft last April, gets a personal thumbs-up from Steve Ballmer for 'walking the extra mile.' Ballmer was busy last week pitching more H-1B visas as the cure for America's job ills at The National Summit."
The salient part of comments was the "too expensive" part, and not the "unwilling" part. To me it is clear that his agenda is simply to pay less, which is most likely linked to the H1B visas.
let us not forget that microsoft let go about 5000 workers to reduce costs, so your analogy then becomes similar to
You have 40 employed people and ten unemployed.. the employer then fires 30 of those and replaces them with foreign imports that are cheaper, now of the sample group instead of having 20% unemployed you have 50%
you then have the same number of jobs, but with more people to share them around between.
The money is coming from somewhere...
Don't you remember the economic meltdown? Turns out the money was, and still is, coming from nowhere.
The Grey Goo disaster happened 3 billion years ago. This rock is covered in self replicating machines!
Try going to your Help page, and under "Classic Index", check the box that says "Use Classic Index". There are other boxes there too e.g. "Simple Design".
(this is not a
I had to log out, restart Firefox, then log back in. Been in the classic mode ever since.