Gatesonomic 101: Pop quiz edition
Mar 12th 2008Wallabynerd alert & rants
the U.S. needs to improve its education system and allow more foreign-born scientists and engineers to work in the country.
“If we don’t do both, U.S. companies simply will not have the talent they need to innovate and compete,”
says Bill Gates.
Which is the most accurate translation -
1) “I’ll either hire Indians and the Chinese here, for less money than US nationals would accept, or I’ll move those jobs to India and China and take the secretary jobs with them”;
2) “Folks from around here are too stupid to work for me”; or
3) Both of the above.
For bonus credit, which is a faster process – increase the number of H1 visas granted each year, or actually fix the public school system? Hint: One involves upsetting unions and spending money; the other “increases the number of jobs” when the gummint is on a crusade to “save the economy”.