Thursday, March 05, 2009

Need is the new specialization?

Greg Mankiw's Blog: Another Loss for Economic Freedom: "Another Loss for Economic Freedom"

The Crimson reports:

Amendment to Stimulus Bill Restricts Hiring of Internationals

Troubled financial institutions that recruit heavily from Harvard may soon face restrictions on hiring international students if they accepted federal bailout funding. Under a recently passed amendment to the federal stimulus bill, companies participating in the Troubled Assets Relief Program—a government financial-rescue plan implemented last fall—will face more restrictions in hiring H-1B visa holders, foreigners with at least a bachelor’s degree and “highly specialized knowledge” in a particular field.

Next they should offer Americans in need jobs without interviewing them. Need is the new specialization, the greater the need the greater the specialization! Hurray! Of course, you ought to be an American.

Masters in need, someone?
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