06/11/2006
SF Gates is writing about the real purpose of H-1b and L-1 visas:"They're very open about it," he said. "They're here to learn our jobs and then leave. Some go back to India, and some settle in Charlotte, where the headquarters is."Why would BofA hire Indians to work in the United States?
"Because they don’t actually work for Bank of America," the engineer replied. "They work for Infosys Technologies and Tata Consultancy Services, which are both in India. They do the work at half the cost of what a U.S. worker gets paid."
Of course an added "advantage" of this is it puts BofA less under the thumb of US regulatory control. India is a wonderful country-all kinds of paperwork can be generated at a price. Just look at what "wonders" this process did for Enron, WorldCom and Tyco.
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