The above link was sent to me by loyal follower Brian. My apologies to Brian for not posting this sooner. (I was in the north woods at the time.) The news is a little old, but no less noteworthy.
It seems that a federal judge ruled against the Programmers’ Guild, siding with the Department of Homeland Security, who wanted to afford foreign “students” the right to remain continuously in the U.S. for 2-1/2 years after graduation, robbing U.S. workers of highly paid programming work. It seems that the judge couldn’t see how increasing the labor supply would result in lower wages for American workers.
Unbelievable! I have often been very critical of economists who are unwilling to look past their noses at the consequences of overpopulation – a labor force that rises faster than consumption, driving up unemployment and poverty. But at least economists do understand the law of supply and demand, and that a rising supply will depress the price of any given commodity. It seems inconceivable that a judge, a supposedly intelligent, educated person, could be incapable of grasping something that even an economist can understand!
Is that really the problem, or is it a matter of yielding to the indirect influence of corporations, the benefactors of the administration that appointed this judge, eager to assure that their labor force is kept in a constant state of oversupply?
As I said in Five Short Blasts, this is where the work to scale back our ridiculous rate of immigration needs to begin, with dramatically cutting the number of foreign students and the number of temporary workers, thus cutting off the “non-immigrant visa” pipeline that feeds the supply of “legal permanent residents.” (See Figure 9-4 on page 180 of the book.)
Thanks, Brian! Keep us informed if you see more of this.