The American Chamber of Commerce and many domestic employers
are letting all Americans down and negatively impacting our economy by firing
domestic employees and hiring foreign replacements, and in so doing they
threaten their own future profits and business prospects as well as the nation’s
welfare as a whole. The misuse of the
H-1B visa program and other failings has for some time been used to get rid of
experienced domestic employees who are seen as being too expensive and in turn hiring
foreign workers at a lower cost. Not only is this kind of thinking going to
hurt many Americans who have worked hard, achieved an education and been true
to their employer for a number of years, but it’s going to impact the entire
middle class as those persons displaced lose their homes and cars and will no
longer be able to afford to take family vacations, eat out at local restaurants
and make the various discretionary spending decisions so important to the
entire national economy.
How can these clever people be so short-sighted and
make such dumb short-term labor decisions that will have such long-term impact
on their own profits? Disney is one of
the most recent companies found doing this very thing, but what Disney doesn’t
seem to understand is that the domestic employees they fire will no longer be
able to afford to visit its amusement parks, see its movies nor take cruises on
its ships, and neither will the underpaid foreign hires who replace them. So with these firings they have lost many past
and potential customers. When this sort
of decision is multiplied by many companies doing the same thing, the economy
as a whole will take a big, negative hit and unemployment will increase. Obama has caused the current recession/depression
to last longer than it should have with his enormous spending and EPA and Obamacare
costs, but now employers are adding their mistakes to the president’s, which
will only add more drag to any possible economic recovery (which recovery, by
the way, has not happened). And Disney
is taking these draconian measures at a time when its corporate income is fine;
it’s not like they need to cut labor costs to make a profit.
Risking long-term earnings, stability and negative
public reaction for short-term labor savings is not a good plan. It hurts us all.
