I'm sorry but this guy is a fucking idiot. Now Friedman takes some incredibly racist comment from some Indian newspaper claiming Indians would pay their mortgage because not to do so is shameful (as if Americans think it's ok to not pay their bills?????) and complete fiction that a temporary visa holder will buy up subprime houses (uh, you are temporary, why the hell would you buy a house in a temporary visa?)
As if magically an American worker given a decent job would not magically buy a home.
Hello asshat! Have you seen the layoffs in the United States, the numbers of unemployed Americans? Anyone connect the idea that income might have something to do with getting a mortgage?
Then we have some incredibly bad math paper which tries to claim that all of those with those funky sounding Chinese surnames and those others with the funky sounding Indian names are now magically, H-1B temporary guest workers! Congratulations all of you American citizens with the funking sounding surnames...you just had your citizenship revoked!
The purpose of revoking your status as an American? Why to skew results on patents in order to claim the United States needs more global labor arbitrage through temporary foreign guest worker Visas!
What the hell does it matter if the assumptions are based in pure fictional demographics!
I'm serious, these people should be fired for bath mathematics and economic fiction. Did you know that you are only an American if you have an English sounding surname? Hey, all of you funky Eastern Europeans or those Nordic weirdos forget it, you do not count now as a U.S. citizen. And you people, ya know those with those funky letterings from the Finno-Ugric languages....well, kiss your U.S. citizenship goodbye. According to these guys, you don't count because you do not sound English enough.
Forget things like innovation breakthroughs, such as things like The Internet which spawn a slew of additional patents, the total aggregate employment increases and decreases in occupational areas....well, hell, throw away any data point you do not like and even come up with a statistical formula that is completely invalid as a model!
Don't like what the formula is puking out as results?
What the hell, void all Academic integrity and change it! What's a couple of doubling up on variables as long as you change the names? The import thing is to confirm your conclusion. Must be fill in the blank Academic research where one has a conclusion and writes the rest to justify the desired outcome!
Why not come up invalid formulas..what the hell, sure looks good on paper! Hey, it's math isn't it?
I am so sick of these idiots getting free press time. They should be thrown onto the pundit garbage heap. I could get better methodology and analysis if I walked in to some homeless shelter with crayon and construction paper.
These corporate lobbyists and NASSCOM, the U.S. Chamber of Commerce will stop at nothing to get your job. I'm sorry, this is absolutely absurd, pure Fictional Employment Theory.
Folks, don't take my word for it, read the original paper for yourself and find the flaw. Finding Waldo is harder believe me. One thing is certain, do not take press articles or op-eds as truth. Always read the original research which is being claimed as truth for often...it is not!
(FDR's policies did not work anyone as a case in point!)