Greenspan: U.S. needs more H-1B workers, possibly unlimited
Source: Computerworld
... In Greenspan's view, secondary education is deteriorating. If the education system isn't fixed, the U.S. will need an open H-1B policy, he argued.
"We cannot manage our very complex, highly sophisticated capital structure with what's coming out of our high schools," said Greenspan, former chairman of the Federal Reserve.
... "If we're not going to educate our kids, bring in other people who want to become Americans," said Greenspan, in arguing for an increase of H-1B workers. Greenspan told attendees at the conference that the H-1B visa "subsidizes the income of everyone in this room, including you and me."
In the context of income inequality, Greenspan put the H-1B program in his light: If the program were expanded, income wouldn't necessarily go down much, "but I bet up they would go down enough to really make an impact, because income inequality is a relative concept. People who are absolutely at the top of the scale in say 1925 would be getting food stamps today," said Greenspan.
Read more: http://www.computerworld.com/s/article/9246986/Gates_sees_software_replacing_people_Greenspan_calls_for_more_H_1Bs_
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