Greedy U.S. companies send jobs overseas, and imports foreign professionals

[toddtervy]

Nothing new, still hasn't been addressed.  I don't blame them for importing the foreigners as much, since I've met people educated in American...

[pattu1]

It's a global economy. Companies will do whatever it takes to increase their profit margins. If it's less expensive to hire group A than group B, yet the work product is the same, it only makes sense to hire group A. The company which hires group B can't compete.

It is not just increasing profit margins, it might be necessary to outsource to survive.
From the consumer's point of view, when there are 2 identical products, he will just pick the one with the lower cost.

[Elwar]

United States highest tax rate: >60%
Caymen Islands highest tax rate: 0%


You have a company that can be placed anywhere in the world. Which do you choose?

[Elwar]

United States highest tax rate: >60%
Caymen Islands highest tax rate: 0%


You have a company that can be placed anywhere in the world. Which do you choose?

Don't tell me you're unhappy with U.S. taxes. Come to Europe, we have VAT!

I live in Europe. I am exempt from US income taxes and have the bonus of being exempt from the VAT (though I have to fill out a form to do it).

[notlist3d]

It's a international economy.  Companies are able to get talent from all over the world.

Expect only to see more and more of companies having talent from lots of countries.