How did the terrorist attacks on the World Trade Center and the Pentagon affect the job market specifically?
I’d compare it to when Saddam Hussein invaded Kuwait. The uncertainty about reasonably priced oil and the uncertainty of terrorist attacks slowed everything to a standstill until the U.S. took decisive military action. Right now our government is seeking fiscal stimulus, so that’s going to provide some help. But it’s got to offset huge drops in consumer spending and an economy that was already teetering on the brink of recession. The U.S. government sanctioned the importation of 195,000 workers per year through the controversial H-1B visa program. Might the terrorist attacks reverse that trend and make the government wary of foreign workers? The attacks could definitely enhance the labor shortage predicted for the current decade. The Bush administration…was inclined to open borders to have more immigrants and offer more work visas in order to offer relief to U.S. corporations that were looking at critical labor shortages. That policy is likely to be re-examined. It actually will incr
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