How are you going to enforce that? I mean this sincerely, from the bottom of my heart.
Ban SWIFT transactions to India? They'll just start hiring in Eastern Europe, the Philippines, etc. Not to mention explosive lawsuits that'll ultimately find that the government doesn't have those powers.
I can understand and sympathize with you feeling sad about jobs being outsourced but, this is technological evolution. America has a tiny slice of humanity's population and if the Bell Curve is accurate, it therefore has a tiny slice of the world's supply of smart people. Or, maybe just driven hard workers, since not every H1B founds a Google.
If you don't let them move to America, then fine, your homegrown companies will export jobs to them. The only way to prevent this is to levy blanket tariffs on all countries to force them to onshore. But, then, they'll retaliate, hurting America's export industries and the economy. Making America a less attractive place for the businesses you're trying to hold back. They'll consequently move out.
Businesses set up offices to claim the local market, not local talent. The matter of fact is that the average Indian or Chinese or Eastern European is alot less lucrative than the average American consumer. And in a world of mercantilism, you're not going to be exporting much to the US market.
Ban SWIFT transactions to India? They'll just start hiring in Eastern Europe, the Philippines, etc. Not to mention explosive lawsuits that'll ultimately find that the government doesn't have those powers.
I can understand and sympathize with you feeling sad about jobs being outsourced but, this is technological evolution. America has a tiny slice of humanity's population and if the Bell Curve is accurate, it therefore has a tiny slice of the world's supply of smart people. Or, maybe just driven hard workers, since not every H1B founds a Google.
If you don't let them move to America, then fine, your homegrown companies will export jobs to them. The only way to prevent this is to levy blanket tariffs on all countries to force them to onshore. But, then, they'll retaliate, hurting America's export industries and the economy. Making America a less attractive place for the businesses you're trying to hold back. They'll consequently move out.
It's the same thing with tariffs. If