General Discussion
In reply to the discussion: Free traders will never answer this... if immigrants are needed here... [View all]HiPointDem
(20,729 posts)other transportation; 2) royalties & licensing fees; 3) defense & government expenditures.
45% comes from 'other private services' which include financial services, with a positive balance of about $70B. a pittance.
www.bea.gov/newsreleases/international/trade/2012/xls/trad_time_series_0812.xls
There is no way that services exports are going to be able to balance our deficit in goods, he said. And remember that services can be offshored as easily if not more easily than the production of goods.
The numbers bear that out. The United States ran a $179 billion surplus from shipping services abroad last year, according to trade numbers released last week. By contrast, the trade deficit for goods and oil totaled $737 billion a gap that has grown over the past two years.
Read more: http://www.politico.com/news/stories/0212/72876.html#ixzz291eSRWQJ
http://www.politico.com/news/stories/0212/72876.html
Besides which, the fact that money from trade in services enters the US economy doesn't mean that it goes to job creation or is taxed like domestic expenditures are (helping to fund government services).
In 2010, 110K h1b visas were issued (not '85K'). In fact, the supposed limit is violated every year through various exceptions.
In addition, another 178K+ work visas were issued to: chileans & singaporeans with special skills (h1b1); nurses (h1c); seasonal agricultural workers (h2a); temporary workers (h2b); 'trainees' (h3); and employees of international companies (spouses are allowed to work as well) (l1).
www.travel.state.gov/pdf/FY2010NIVWorkloadbyVisaCategory.pdf
That's about 1/4 million A YEAR, and i haven't even exhausted all the categories of work visas.