Tuesday, March 19, 2013

Today's vocabulary term: free market

free market, n. phr. whatever I don't like

From Jezebel.com:

From the PRI report (which names Microsoft as a major supporter of the increase in the H-1B quota):
So, why does the US need to import labor for this lower-skilled work? Matloff says it has to do with wages and immobility. He argues that since employers sponsor H-1Bs visas, foreigners have a limited ability to negotiate higher salaries or switch jobs. If they do manage to change employers, it means they must restart any green card applications. Matloff says these realities "handcuff" H-1B visa holders to their employers.
Ahh, the grim realities of our beloved free market system!

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