For over a decade, there's been an ongoing argument about the job market. On one side, various companies are saying they can't find enough skilled workers in the U.S. and therefore have to import workers from overseas. On the other side, labor organizations are saying greedy Corporate America wants cheap foreign labor rather than higher-priced American workers.
Now, smack in the middle of this ongoing debate, throw a news event from last week: One of the largest suppliers of overseas workers to American companies, Infosys, agreed to pay $35 million to settle a federal probe. Investigators alleged that the company used fraudulent tactics to get cheap visitor visas for its personnel, rather than more expensive worker visas. The company denied guilt, but paid the largest settlement ever in an immigration case.
So, it makes you wonder about the larger debate: If Infosys had to pay higher visa costs, would its workers really be that cheap? If American companies really don't have enough qualified workers, would they still import them despite the higher cost?