Re:U.S. GDP Shrank in Q1 2015
by aburan28 on Friday May 29, 2015 @08:59PM
(#9628404)
Hiring is cheaper, ever hear of H1B's?
[ Parent
| on HN ]
Uh, yeah, lots of companies spend money on lawyers to pay minimum wage to H1Bs.
Suuuuuuuuure.
And H1B's don't represent more people hired. The data shows that companies use H1B's to replace existing employees.
So, you don't improve employment but you do reduce the demand. Congratulations, welcome to a downward spiral.