In fact, is that these illegal immigrants. Wal-Mart employs 1. Demographic shifts affect the supply and demand for jobs especially considering aging trends, cultural diversity, and educational attainment.
Wal-Mart diligently reviews demographic shifts. Immigration Now and Then The effect of immigration has not significantly changed since the s. The documented immigrant population has slightly decreased since the s however the undocumented population has increased over the last 50 years. Immigrants have increased the supply of labor and lowered the prices on products. The Great Wave of immigration in is not much different than the immigration the U.
Only 15 percent of immigrants that come to. Imagine you walk into a McDonalds, just going to get quick, cheap fast food. All you got was a basic burger with some fries and a drink. And this will not stop with McDonald's it will be this way for all fast food restaurants. And not just fast food, but everything will be more expensive in every factory-made product and in the grocery stores. Tens of thousands of people are losing their. On one side of the story, people that live in these countries provide materials and products needed around the world.
On the other hand, globalization also forces people of impoverished countries to struggle. This salary increase could be the result of several factors. One possibility is that it comes as people acquire more work experience in the United States. Another is that after obtaining a green card, immigrants can trade up to better-paying jobs.
An average of an additional 10 cents per hour after five years is a remarkable leap compared to jobs in non-STEM fields, where it takes an average of 20 years for immigrant workers to get paid the same as their American counterparts.
But still, the H-1B program remains the easiest way for tech companies to hire foreigners from the large pool of international students graduating from American universities, or from abroad. The problem is that the demand is remarkably high relative to the number of visas available. Last year, employers applied for , visas, but only 85, were available. This high demand has led the tech industry to lobby hard for expanding the number of H-1B visas.
Efforts to expand the program have been met with fierce resistance from many Republicans in Congress, and some Democrats, who have accused companies such as Disney and the utility company California Edison of firing in-house IT workers and replacing them with cheap contractors on H-1B visas. Last month, a federal judge in Florida dismissed a class-action lawsuit filed by former Disney employees who accused the company of visa fraud. Last year, a Department of Labor investigation found no wrongdoing in the case of an outsourcing firm that provided workers to California Edison.
Thankfully, the dinosaur executives who believe in cheap labor continue to dwindle because of the lack of skilled employees. However, with many firms being sold through merger and acquisitions, the cheap labor mentality can quickly return.
If your business is facing a churn of employees, invest the time to do the math. Sure you as the executive may get a bonus at the end of the year for "saving" all those salary dollars, but eventually the churn of cheap labor costs will surface.
Leanne Hoagland-Smith is an author, speaker and executive coach. Her weekly column explores issues that impact the bottom line of firms with fewer than employees. She can be reached at Skip to content. Millennials might actually save the world. By David Rutter. Sep 01, at PM.
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