Wipro Chairman Azim Premji says protectionist measures scaling back professional visas are naïve and counterproductive. He told BusinessWeek: “To me the acid test is what is the average rate of unemployment in the US economy. It’s around 9%. What’s the average unemployment rate among engineers and it professionals? Below 4%. You’re protecting a very privileged community which is getting good salaries, and you’re causing a whole side effect and impression of protectionism in the United States….
“What’s the total of visas issued in a year? 20,000 to India. What will you achieve? The 20,000 will come down to 12,000. You’ll create 8,000 more jobs, theoretically, with the rules. What’s that compared to 9% unemployment on a total labor force of 100 million?”
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