In the past we have argued that colleges have produced a surplus of college graduates (at least in terms ofthelabormarketdemand for workers with a college education).
China has been witnessing a mini-exodus of manufacturing to other countries in Asia and Latin America as labor costs rise and market shifts have demand for some goods heavier outside ofthe country.
The program would be capped at 200, 000 a year, but the number of visas would fluctuate, depending on unemployment rates, job openings, employer demand and data collected by a new federal bureau pushed by thelabor movement as an objective monitor ofthemarket.