H-1B Limits Expected to Raise Americans’ Pay

The efinancialcareers.com website has issued a report predicting–or perhaps warning–that President Trump’s limits on H-1B and other guest worker programs might cause bidding wars for talent in the banking industry.

Banks may have to pay American workers more

This will be good news, says Sarah Butcher of eFinancialCareers, if you’re a talented American student seeking a job in a tightened market. It will be “less good news” for large organizations competing for new employees. To this, John Binder responds in Breitbart News:

Today, there is no shortage of qualified American workers to fill U.S. jobs. The Chinese coronavirus has spurred mass unemployment, with more than 35 million unemployed and underemployed Americans, all of whom want full-time jobs.

As for those poor “large organizations” eFinancialCareers is concerned about, Butcher says that banks, in particular, “may find it necessary to put more money on the table.” Arch-bank-robber Willie Sutton is alleged to have said about such institutions, “that’s where the money is.” So ante up, bankers, and stop relying on cheap imported labor.

For more, see Breitbart News.

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