Several of the banks who have collected billions of dollars from government bailout packages sought permission to bring in thousands of foreign workers for high-paying jobs.
What? Are Americans not being laid off left and right? Why are we importing workers when the American jobless rate continues to grow each week?
A dozen or so banks who have received $150 billion dollars in bail out money have requested visas for more than 21,800 foreign workers over the past 6 years. The average salaries for these jobs? $90,721. Meanwhile, thousands of American workers have been laid off.
The AP investigation reported by Yahoo News reports:
It is unclear how many foreign workers the banks actually hired; the government does not release those details. The actual number is likely a fraction of the 21,800 foreign workers the banks sought to hire because the government limits the number of visas it grants to 85,000 each year among all U.S. employers.
During the last three months of 2008, the largest banks that received taxpayer loans announced more than 100,000 layoffs. The number of foreign workers included among those laid off is unknown.
Foreigners are attractive hires because companies have found ways to pay them less than American workers.
With this news in mind, it is sort of difficult to have any sympathy at all for any of them. This kind of information makes me speechless. Some things just don’t make sense to me. We are not talking about illegal immigrants here. These workers would be quite legal. I leave the comments to our contributors.
Entire story link available at Yahoo News link above.