The United States seems to be the only country left which ignores labor economics and labor market realities.
Britain is planning to ban advertising jobs overseas due to economic meltdown, a process which could hit Indian professionals aspiring for employment opportunities in the UK.
The government is mulling an idea to ensure that existing jobs go to British workers. The employers are being forced to notify vacancies in employment agencies within Britain to prioritise local candidates.
Indians are among the largest foreign professionals working in Britain. Every day, thousands of jobs are being cut across the sectors in Britain. Official figures suggest that unemployment figure is reaching the 2 million mark, for the first time since the mid-1990s.
Jacqui Smith, the home secretary, has announced plans to force thousands of nursing, primary teaching, hotel management and other "skilled migrant" jobs to be advertised in employment agencies such as Jobcentre Plus. Smith said "when it comes to immigration, in difficult economic times, I believe we need a tough system that offers British workers the first crack of the whip for jobs here".
Companies that break the new rules could have their licence to employ non-European Union migrants revoked.
Officials believe that the change will curb the number of migrants coming to Britain because they will not be able to obtain a work visa without a specific job offer. Official figures show that immigrants have taken four out of every five new jobs in Britain since 1997.
Now this is common sense and frankly India's economic model of trading people to grow their economy, through pure labor arbitrage is not exactly free trade theory or even long term strategy. So why the United States should support it and thus throw their own workforce to the wolves of globalization is beyond me.
So, that's the question here. In a domestic economy, is the first and primary responsibility to their existing citizens, or are their citizens last in consideration for a strong livelihood, career?
I'm not referring to rare talent here, I'm referring to plain old generic highly skilled and educated labor force. Of which there are plenty of Americans who need a job right now. There are many Visa categories, such as the "O" Visas, which will always encourage the gifted to become Americans.
Malaysia already banned foreign guest workers due to their high unemployment rate for their citizens.