Trump Ends The Indian Scam
You’ve seen the Indian workers manning gas stations, hotel lobbies and grocery counters? A lot of them will now be heading home as President Donald Trump ends the H-1B Visa scam.
U.S. Commerce Secretary Howard Lutnick explains how the H-1B Visa was supposed to provide a mechanism for corporations to hire foreigners with advanced college degrees whose skillsets were highly desired.
Instead, companies brought in more than 500,000 clerical, retail and tourism workers from India who were willing to work for cheaper wages than American employees. So the immigration system turned into one big scam, eliminating a lot of jobs that should have been filled by Americans.
Look for recruiting companies like Cognizant and Infosys to take it on the chin in today’s stock market. Here’s more on the story from Matt Morse TV.
