In the old system employers had no certainty about premiums, which often rise abruptly.
Under the current system, employers file petitions with the government to show why a particular employee is needed and should get a green card.
"It's clear that under the existing system, employers feel they can steal workers' wages with impunity, and that has to change".
In this system, employers or labour agents advanced a sum to workers, who would then have to labour on a ranch or plantation to pay off their debt.
I heard many people express feeling betrayed by the major institutions in their lives, whether colleges, the health care system, employers or the government.
Under this system, employers would tell the government the minimum they were willing to pay the visa candidate for the next five years.
Direct comparisons are hard to make, however, because in the American system, employers and employees share the cost of premiums, which are also exempt from individual and corporate income taxes.
This isn't the only possible way to do things; in Germany's extensive vocational education system, employers are obliged by law to set aside a certain ratio of apprenticeships, so students will have someplace to go after they graduate.
When they succeeded, and Enron's stock was selling for about $50, they surely did not realize that they would be providing an unusually clear explanation of one of the main problems with the nation's current pension system: employers have a strong economic incentive to act against the best interest of their employees.
In a demand-led system, employers will have an interest in helping to shape the choices made by the most talented students, rather than waiting until their university career is almost over... Some businesses will also want to rethink their relationships with universities, as well as with individual students.
