Corporate offshore outsourcing lobbyists are on a roll, going on talk shows and writing propaganda plants as articles. White papers are falling like snow where even labor economics equations are manipulated. Every day we hear pure statistical fiction and politicians tout corporate lobbyist provided talking points, even in GOP debates. Why? Corporations are demanding more immigration and foreign guest worker Visas to displace Americans, repress wages, technology transfer and offshore outsource further.
There is No Labor Shortage in the United States. None, and that includes high skilled labor.
In 2010, there were 3,531,000 computer & mathematical related occupation workers. Yet in 2008, there were 3,676,000. In just this occupational category alone, the United States is down 145,000 jobs, or -4%. The same is true for engineers and architects. In 2010 there were 2,619,000 people employed in these occupations, yet magically, in 2008, average, there were 2,931,000, another drop of 312,000 jobs, or -10.6%!
The above numbers are yearly averages, from the BLS. By 2008, the great jobs slaughter was well underway. Realize the unemployment rate for professionals, those with college degrees in specialized areas should be below 2.2% for full employment. Clearly the above shows not only is there no worker shortage in Science, Technology, Engineering and Mathematics, there are U.S. citizens needing a job. Below is the unemployment rate for all with Bachelor's degrees or better. You can see it's double what it should be.
Then, below are some unemployment rates in STEM related careers for Q4 2010, the last data available. What we see are some unemployment rates for STEM professionals approaching the general population, including construction and fast food workers.
Make no mistake, this latest "skilled" worker importation agenda is not about talent and rare skills. Corporations already have an unlimited amount of Visas, the O-1 type Visa, to bring in talent. The problem with this Visa is sponsors must prove the person actually has rare skills. That's why corporations do not mention it.
A new Economic Policy Institute study spells it out, the J-1 and H-2B Visas are used to displace U.S. workers, in particular, young workers.
There is no labor shortage in these occupations. In fact, quite the opposite – there are hundreds of thousands of unemployed construction, hotel, and landscape workers who are desperate to get back to work. And there are plenty of unemployed young workers who could be trained quickly to do these jobs.
Allowing companies to bring in 200,000 guest workers through the J-1 Summer Work Travel and the H-2B programs to fill jobs that young unemployed U.S. workers need and are qualified to do, in the face of 17 percent youth unemployment, is absurd, and offensive. These programs should be abolished or suspended until the economy recovers.
On H-1B Visas it's also business as usual with Americans fired, not hired and imported foreign guest workers, in the thousands, used instead. While the H-1B cap is reached for 2012, even the Business Insider can recognize most of these Visas are going to labor arbitraging body shops, who also, by the way, hire foreign guest workers instead of American workers.
The lies about worker shortage are coming in fast and furious. Like most things bought and paid for in D.C., the few Congress representatives trying to do something for the U.S. worker come in all political flavors. While the house passed a backdoor green card increase, Senator Chuck Grassley put a hold on the bill in the Senate. Why? Because Americans are being displaced by foreign workers and there still are no protections for Americans.
Longtime H-1B visa reformer Sen. Chuck Grassley (R-Iowa) is blocking Senate action on a bill to eliminate per-country caps on employment-sponsored green cards because "it does nothing to better protect Americans."
The bill, the "Fairness for High-Skilled Immigrants Act" (H.R. 3012), which sailed through the U.S. House late last month on a 389-to-15 vote, eliminated per-country caps on employment-sponsored green cards.
But Grassley, who has been fighting for major changes in the H-1B rules, didn't specify what changes he is seeking to the House bill. It's possible that he may be using the legislation to seek broader concessions in the use of all employer-sponsored visas, including H-1B.
Grassley, the ranking Republican on the Senate Judiciary Committee, last week placed a "hold" on the bill, putting it in a procedural limbo that may sink this effort.
College graduates cannot get jobs:
"I'm frustrated," said Sergey Savrasov, 21. Savrasov recently graduated from UC Santa Cruz with degrees in computational mathematics and business management economics. He now works for a Davis moving company.
Since the start of the recession, the number of new college graduates in California working as cashiers, office clerks, retail salespersons, bartenders, secretaries, child care workers, tellers and customer service representatives has jumped by 40 percent, or 12,000, according to a Bee review of census data.
Make no mistake, corporate lobbyists run think tanks are spewing out economic fiction daily and they have gotten to almost all Presidential candidates to parrot their nonsense. No folks, increased immigration does not help the economy. It does line the pockets of multinationals and especially Indian offshore outsourcers.
Infosys, a notorious Indian body shopper and user of H-1B Visas got the whistle blown on them and now they are coming under the eye of the Fed. Yes, this huge Indian body shopper is under criminal investigation for Visa fraud.
Some displaced Americans got a spine and sued for discrimination after being displaced by H-1B foreign guest workers:
Eighteen IT workers in California have filed a lawsuit against their former employer claiming they were replaced by H-1B workers from India and then laid off in violation of the state's anti-discrimination laws.
In the lawsuit, the 18 workers say that IT managers at Molina Healthcare Inc. increasingly catered to the Indian workers while leaving U.S. workers, mostly security analysts and programmers who earned at least $75,000 a year, feeling excluded prior getting laid off last year.
The lawsuit, filed in April in Los Angeles Superior Court against Molina, its CIO at the time, and Molina's outsourcer, Cognizant Technology Solutions, contends that over a period of several years the U.S. workers were marginalized as the IT department became dominated by Indian nationals.
If you think immigrants bring money into the U.S., think again. There already exists a EB-5 Visa which doesn't contribute much, in fact for every $100 of increased foreign investment that year, the EB-5 program contributed about one penny.
Additionally, there is a class action lawsuit against major high tech companies trying to fix wages of high tech workers. Seems they are in collusion on salaries, wages for techies. Our Senators are of course into the act to repress wages in STEM and introduced a bill in Congress to deny tech workers overtime pay.
You'll hear campaign rhetoric about stabling a green card to the forehead of every foreign student. Well, that does sound like a disaster since college recruiters are flooding U.S. universities with foreign students, simply because it's profitable. Not a grand idea to turn our educational system into a green card machine. But when profits are on the line clearly policy makers could give a rats ass about what happens to U.S. students and their educational and career opportunities.
Worse, when some of these body shops commit fraud, they simply go back to their home country. No justice involved.
Reddy and Padma Allen owned a computer consulting firm that pulled in $450 million in city contracts since 2005. Earlier this month they walked away with $90 million of it.
Their company, TechnoDyne, was named the number two minority owned firm by NJBiz, and Ernst & Young honored Padma Allen as last years entrepreneur of the year, according tro the New York Post.
Two weeks ago the couple were called to appear before a grand jury to face questions about kickbacks to get CityTime contracts, and money laundering. In response, the pair boarded a jet for India and haven't been heard from since.
If you hope there is a difference between Democratic and Republican political leadership on this issue, think again. Literally the two parties copy each others legislation. Or more accurately, they both introduce the exact same legislation written by the exact same corporate lobbyists behind the scenes demanding legislators flood the U.S. labor market in exchange for campaign cash.
One of the ways lobbyists spin the great corporate controlled migration agenda is to claim either immigrants innovate or somehow create jobs. Let's just list some of the tricks used to come up with such spin. First, they refuse to acknowledge U.S. STEM workers are being displaced. Period. They literally set their worker substitution variables to zero in labor economics modeling equations, all to make things come out looking rosy. Since when one can just throw away part of a mathematical model to make it say whatever your corporate sponsors want it too is not only invalid, it's a brazen violation of scientific objectivity.
Another spin technique is to claim people who came to the U.S. as infants are immigrants or equal to imported H-1B foreign guest workers on corporate controlled Visas. Sorry, for all practical purposes someone who has been living in the United States since childhood is a de facto American. Trying to make a jump from infants as a rationalization to import more foreign labor on guest worker Visas is truly fiction.
One of my favorite disgusting bad science spin tricks is going through the U.S. patent database, looking at an inventor's last name, and deciding since that name looks kind a foreign, that inventor must be an immigrant. We cannot tell you how proud Yen Wang is to be misclassified as a foreigner when his great, great grandparents slaved away on the U.S. railroads.
Finally, these same biased lobbyists, those with philosophies, trying to put their agendas and opinion into research spin, refuse to acknowledge the missed opportunities for U.S. workers. For example, if a U.S. woman engineer is discriminated against, pushed into sales and marketing fluff jobs instead of leading an R&D team, she won't have patents. If an American over the age of 35 is pushed out of his job, odds are he won't have patents. Filing patents costs huge money and usually only large corporations sponsor and pay for patents. On your own, you're just not going to whip out $50k of your own money every day to file a patent.
What's the bottom line? There are plenty of opportunities for international talent in the United States, more than enough. But turning immigration into a slave trader's profit center is eroding not only U.S. worker's opportunities and careers, it's also hurting that very international talent.
When Indian offshore outsourcing body shops grab the Visa applications, or slots to graduate school are filled up by foreigners, found by unscrupulous, for profit recruiters, not only does that deny opportunity to the real talented innovator who happens to be foreign, it also denied opportunity to that talented American who would have been a future inventor.
How many Teslas are unemployed right now who could be innovating the next great technological shift and economic growth? We'll never know with corporate lobbyists and their paid biased spin machine drowning out all reason.
Comments
another study I didn't use
is here. I didn't use it because I didn't have the time to verify the data. I also don't believe some of the reasons 65% of STEM graduates do not work in the field reasons. It seems when it comes to mentioning sexism, racism, ageism, for some reason when it comes to STEM, that too is denial land.
Blueseed Startup- Floating workers paradise
Everyone knows about the shortage of skilled professionals. Salaries are skyrocketing and companies are cutting back due to the severe shortages.
A Blueseed startup wants to stop the madness by floating huge platforms off the coast of California where US laws do not apply (No this is not science fiction.) Workers can vacation (live) in the USA while working duty free in one of their floating workplaces(prisons?).
http://www.huffingtonpost.com/2011/12/16/blueseed-startup-sees-ent_n_115...
That's pure fiction
Salaries are not skyrocketing, I just showed one point on salaries but on aggregate they are down and if one adjusted for inflation, below 2000. Secondly, as sad as it is, the Huffington Post is one of the media places where they publish corporate lobbyist written garbage.
Job openings in tech are way below 2007 levels, still. I just looked into it (left hand column).
This is assuredly one and just hype to get their Visas. You won't see on HuffPo the Americans being denied start up funds, even CNN showed you have to be a certain "type", not the idea, skills, ability, to get VC funds quite often. How many women have been funded? How many are hiring over the age of 35?
Last hype story plant spread across the MSM I saw was some guy building a travel auction website as his "great idea". Oh boy, right up there with pets.com, real ground shaker, sure to generate huge revenue streams (not), as if the market is not already saturated with long time established travel package bidding sites.
The point of this post is the lobbyists, this includes the U.S. Chamber of Commerce, the labor arbitraging corporations such as Microsoft, Intel and so on, are out in full force with recent legislation introduced, which they wrote I might add and the actual statistics show something very different.
Check out the business models of these so called "immigrant entrepreneurs", you'll see a host of labor arbitrage as a model, i.e. moving R&D, services, projects offshore.
Believe me, a VC can get an immigrant any Visa they want, if they are going to fund a start-up and that person is going to be the CTO, chief architect.
Finally, expanding the EB-5 Visa is NOT unlimited H-1B, L-1, LPR, etc. that is going on. They can in essence already use the EB-5.
One thing you've got right, an isolated 24/7 workers prison with no where to go. Ask the guys on the oil rigs how much fun that is.
Alaska canneries and factory ships
Many Americans used to work seasonally in Alaska canneries or factory ships, then spend the rest of the year in Mexico. That worked out pretty well. But then the U.S. citizens found themselves replaced by legal or illegal immigrant labor.
That's what I mean about employers systematically destabilize or destroy their workforce, and then shed crocodile tears at the prospect of their illegal workforce being cut off because (imagine this!) U.S. citizens demand enforcement of immigration law.
What was it that George W. Bush said ... something about "There are consequences." (At least for some.)
BBC joins media liars' club
I was very disappointed the other day to hear BBC echoing the corporate media line about worker shortages. In this case, BBC was talking about shortage of labor in the fruit sector of agriculture in Georgia.
This particular issue is a little more complex than some of the others, because the history is that agriculture systematically destabilized and destroyed its erstwhile workforce resources over the last half-century. Also, farm ownership of all kinds has become much more concentrated than it was back in the 1950s, so what was presented on BBC (and elsewhere) as long-suffering independent small farmers would perhaps be better presented as medium-sized or even gigantic agri-industrial corporations. Another complication that BBC had no interest in, was the effects on small farms everywhere of the globalization of agriculture. BBC overlooked the entire trade issue.
According to an Australian study, production and consumption of citrus in Asia has been expanding and, in many Asian countries, is supported primarily through high tariffs on imported citrus. (Imagine that! We'll just have to ram through another FTA, won't we?) See, Gunner, Longberg & Wodecki, South Australia Citrus Industry Situational Analysis (PDF available online from .gov.au website, Rural Solutions SA and Primary Industries and Resources SA, Adelaide, 2005). The PDF was produced as a CEI in a project to study necessary restructuring of the small-farm-based citrus industry in New South Wales, due to deregulation resulting from globalization.
There are serious challenges in some sectors of USA agriculture regarding workforce these days. For many reasons, it's difficult to develop a workforce in some rural areas. But what about the idea that 'difficult' doesn't mean you give up? What about the idea that when the going gets tough, the tough get going? Maybe nine out of ten don't work out. Well, you find that out pretty fast, and that leaves you that one in ten worth all the others put together, doesn't it?
What about the idea that a seasonal workforce resource is worth developing? For example, Oregon's entire post-secondary system went on the quarter system half a century ago, in large part to develop a seasonal agricultural workforce of college students who could work through September (or even into October, although possibly starting a bit late).
What about the idea that, no, you don't have some kind of natural right to have workers delivered to your gate on a daily basis and then picked up in the evening, to be paid minimally at the end of the week. Is there really a huge threat of unionization down on the farm in Georgia? Even if we repealed the 13th Amendment, you'd still have to provide for your slaves through the winter.
While interviewing farmers who complain about "unfair" immigration laws, there was no representation by BBC of farmers who for years now have been conscientiously following immigration laws, painstakingly developing an effective workforce. There are farmers who, for years, have been facing unfair competition from competing corporations that have feasted on exploitation of illegals -- with unfortunate results dumped on the taxpayers, including the law-abiding farmers.
BBC presented only the "oh us poor farmers and our fruit is rotting" side of the story, except for one local citizen who opined something like, "If they can't get the pickers they want for the money they want to pay, let them pick the fruit themselves." Well, there was a time in our history when family farmers would do exactly that, even if it meant the whole family (and some cousins) going without sleep for a week. Or ... there was a time in our history when farmers would look to the local community for a seasonal workforce. Or ... there was a time in our history when the wheat harvest was labor-intensive and work crews formed up and traveled from farm to farm south to north, working the fields 12 hours a day, with the family working through the day to feed them all -- with food grown on the farm! That's the origin of the Nor' Dakota phrase, "It's enough to feed a thrashing crew!" Same story for apples in the Pacific Northwest. But this is a different world today.
There are attitudinal problems with American workers that hinder agricultural workforce development, but there may just be attitudinal problems with employers too.
AG "shortage"
Right, that's the corporate farmer's lobbyists. They don't want to pay....a real wage to work in the fields, or give the required breaks or pay for people to even drive to the job so it actually isn't a negative $$.
What silly valley is doing is frankly a lot of discrimination against older techies, women techies, black techies, Hispanic techies.
If they want more Visas they should insist on setting prevailing wage laws w/o loopholes, disable the worker "train your replacement then be fired H-1B replacement of U.S. workers trick and put tough "U.S. workers first" requirements to obtain a H-1B. If they removed the wage arbitrage of these Visas, the Indian body shops, who are 7 of the top 10 H-1B users, wouldn't be able to undercut U.S. wages through them. Because it would no longer be profitable, it would free up at least 50% of the available Visas.
Additionally the entire thing is silly because L-1s are unlimited and way cheaper to loophole a headquarters in the caymans then put a "foreign subsidiary" stateside, use L-1 Visas. So, all of this is just the lobbyists out in full force.
Fighting over who gets credit for sinking the ship
Congressional GOP organization (with substantial opposition within their party, such as Chuck Grassley) is bragging about this bill! They are saying that the reason that our economy is stalled is because the Senate won't pass "28 bipartisan jobs bills awaiting Senate action"! See, Our Plan For Jobs at official gop.gov website (taxpayer supported).
Of the 15 Nays, only two were by Democrats. (There were 29 not-voting -- 18 R and 11 D).
It appears that the battle for politicians is about who gets to take credit for sinking the economy.
Even Dennis Kicinich voted Yea. In fact the entire state of Ohio (Rs and Ds) voted Yea, except for one D who did not vote.
It's being sold as an issue of fairness. We shouldn't discriminate based on national origin ... except that it seems to be okay to discriminate against workers whose origin is the USA!
It's astounding. And discouraging. But I think that people should note how their reps voted. Even contact their reps, although that usually goes straight down the memory hole via some aide or other phone-answerer -- are those jobs outsourced yet? Or you can write and wait a few weeks to get a boilerplate response.
How about equal caps of zero on each country of origin? Wouldn't that be fair enough?
Kucinich
decided no illegal is not a human, unlimited migration philosophy. This is some ill conceived belief that unlimited global migration is "good" and "free". It's actually a massive labor economics disaster. Intuitively I don't know why they cannot contemplate job markets, resources with 3 billion people on the move to one location. ;)
Or even bother to learn just a tad about global slave economics, only about 3000 years of economic history on that topic.
Anyway, Bernie Sanders gets this as did Byron Dorgan, even the AFL-CIO gets some of this. That's why I wrote the piece, I heard these lobbyist corporate talking point nonsense mentioned by John Huntsman, others in the GOP "debate" (which of course locks out anyone speaking truth, such as Buddy Roemer), a good 5 bills introduced and it's not even being challenged at all, mainly because there are just a few not on the take, and those few are in all flavors of the overall political spectrum.
I think they are fighting for U.S. Chamber of Commerce campaign funds and believe who ever goes hardest on this locks up the Hispanic vote. Facts, accurate statistics, labor econ 101 be damned (or manipulated to spin upon demand more like).
Identity politics
"I think they ... believe who ever goes hardest on this locks up the Hispanic vote." -- Robert Oak
I hate the idea that I am some kind of demographic artifact. It's insulting to my dignity as a human being. Even if I were an 'illegal', I still would not appreciate anyone thinking that they know everything (or anything) about me based on that one fact. The same is true for categories such as 'unemployed' or 'senior' or 'college graduate'. All that is known is just the one characteristic, nothing more. Something may be known about the composition of a population, but not about the composition of any individual, unless an individual can be divided into parts such as 'conservative' or 'liberal', etc..
I doubt that identity politics really works all that well; it's just a convenient backdoor for thought manipulators to sneak into people's thinking, basically threatening them with loss of membership in the safety of a herd. At best, it is intentionally divisive, and so it's all about "divide and conquer" a dumbed-down public. Hitler knew all about it and showed that it can work ... in a way ... for a while.
Enlightened individuals (heroic figures really) understand humanity, understand their human nature and understand the herd. But they do not define themselves by the herd mentality and, while never underestimating the danger of the herd, manage to rise above the herd. Sometimes history provides leaders of such caliber, but often supposed leaders of the pack are self-deluded and stand to be trampled or torn apart eventually ... as Mussolini was hanged after the Germans left Rome.
A strange form of identity politics has now evolved in America, complete with its own metaphysics or ideology -- 'multi-culturalism'. There's a fine line dividing multi-culturalism from humanism -- humanism meaning, in this case, simply what the Founders had in mind with "All men are created equal."
The meaning of 'multi-culturalism' is as slippery as the meaning of 'globalism'. Both these ideologies are based on setting up a straw-man enemy -- some hypothetical person who believes that the world is flat or that there is no culture but his or her own. It's nonsense, but widely propagated nonsense.
Propaganda based on identity politics is easy to spot, including multi-culturalist propaganda. I doubt that there really is anything in America, if non-voters are considered, like a party-line Hispanic vote or Black vote or White vote, except that choices are controlled and severely limited. To be consistent, multi-culturalists must premise such a thing as a multi-cultural vote, and that perhaps does exist among the educator class. But I doubt that there really is any party-line multi-cultural vote -- only a multi-culturalist vote.
The thing is that some people cannot manage without an ideology to take the place of thinking. One silly ism or ideology after another rises to prominence, only to deteriorate and fall into the dust of history ... because every ideology contains the seeds of its destruction within itself.
I can't locate it right now, but there has been research showing that the older you are, the less susceptible you are to advertising. After about the age of 25, you've pretty much settled on your preferences and loyalties. There's even been research that advertising is mostly a waste of money. On the other hand, advertising and other propaganda can never be entirely discounted, because professional manipulators have studied how to appeal to powerful forces of egotism, narcissism and primal fear in human beings.
It's a relief to recall that a few years ago when Michael Jackson's publicity machine spent $Millions on promoting his latest album, it was far outsold by an unknown from Seattle (Nirvana) that spent nothing on publicity. #Occupy had no budget -- probably still has no budget. Such phenomena cannot be completely censured by the media apparatus, but they sure do their best to cover it up or co-opt it as quickly as possible. Such phenomena must scare the crap out of them.
Marketing to demographic segments, thus, is always somewhat effective ... but not as much as might be thought. The trick is to control the range of choices -- then all people have left to them is the choice of vanilla and chocolate, or, conservative or liberal. Nowadays, resolution has increased so that there are many more flavors, such that meaningless choices are all around us ... like a few years back when I lived in a city and subscribed for a while to a cable service with hundreds of channels and we ended up watching reruns of Lucy. The system has created background static that tends to create general confusion and undermines communication across the public.
Having bought up the media, success of the manipulators is guaranteed since few are left meaningful choices in the noise of irrelevant messages. Or many -- having learned to make real choices -- drop off the radar like the non-voting or "silent" majority. Or they show up in #Occupy events.
Mostly, the identity (demographic segmentation) marketing thing is just a Mad Ave market analysis technique because that's all they know, and they own the media. It's self-fulfilling pseudo-science, a semi-religion. The corporate media have to believe that identity marketing works, because otherwise they would have to subject themselves to the same rigorous culling out that applies to artists or communicators generally. Commercials would have to be compelling works of art or straight-forward announcements.
Without identity marketing, the manipulators would actually have to address issues rationally ... and there's no money for them in that. But there is money in that for us! There is money for us in thinking rationally about our own enlightened self-interest!
How about this identity? -- "human being with functioning brain" and "born in USA, staying here."
Don't just talk about it!
It's all well and good to sit around and talk about it, or post stories on websites, but why not actually do something about it? A new bill, HR3012, is sailing through congress and barely anyone is making a peep about it. It will lift the country cap on India. Whereas now India, with 17% of the worlds population, gets 21% of the employment based green cards, if the bill passes, they will get 50 or 60% of all EB green cards. This will flood the job market with tech workers from India, while blocking out all other immigrants from around the world, including exceptional immigrants that didn't happen to be born in India.
As long as nobody says anything, congress just assumes it is OK. Get on the phone, type up an email, send a fax, and tell your senator that enough is enough. Shit-can HR3012 and demand reforms to the system that will keep out the fraudsters and protect American workers. If you don't do that, don't complain about the legislation once it is already passed and the bleeding continues.
activism of techies
This is an all things economic site. If you want to start up some activism, I suggest DIY. Why U.S. Professionals, especially STEM are not screaming from the roof tops, organizing and fighting this never ending global labor arbitrage I do not know but they don't and they should. Frankly it seems the "reduced immigration" groups, as a whole fight better for U.S. STEM jobs than actual techies do. So does the AFL-CIO with the Teamsters, getting hit with Mexican truck drivers to illegals to foreign guest workers as well, leading the pack in this global labor arbitrage, displacement fight.
Yet STEM, in particular, one would think with technical skills they would be all over the social media, online space raising hell. Not so and they don't join unions either, so be grateful a few Congress reps. and Senators still give a shit, there is no doubt, U.S. Techies aren't giving them that much encouragement to do so.
All of You Techies Should Join the Occupation
Regardless of your politics, stop bitching and get involved with your local Occupy Wall Street movement. It is the one movement that can put pressure on corporations and government to stop the high-tech slave trade.
techie activism
Most states are "at will" and as such techies become targets if they even think out unions. Activism on social media will also make you a target. All of a sudden, we would find that since we failed to put in our 60+ hour week as a salaried employee, we are now having paperwork generated to support their claimw when they find our replacement from India and show us the door.
It is better to keep quiet and try to remain employed than the alternative. After all, we are not the ones who get millions in yearly bonuses and just cannot afford to give them more reasons to import someone else to do our jobs.
And when it comes to lobbying Congress, the pockets of the corporations are much deeper than our collective pockets.
Could it be ....
.... that there are more than a few very bright techies who are, behind the scenes, powering what is happening with #occupy and more?
There's more than one way to skin a cat.
Grassley's Amendments
Rob,
Same day you posted this article, some things changed for the bill HR3012 that you are talking about. First off, Senator Grassley, as part of the committee on immigration, tried to amend the bill by including "better" (unfortunately that's all the information available but I will take it over nothing)protections for US workers in H1B program. Of course the special interest senators responded to his amendments by trying to invoke Rule 14 on Saturday which will essentially let them bypass the immigration committee altogether and get the bill on the floor for vote as early as Jan. 23 unless Grassley tries to filibuster. The sad part is that this move (according to official senate records) was initiated by Harry Reid himself, the majority leader.
Furthermore, you all need to see this from the lobbying organization behind this bill:
http://immigrationvoice.org/forum/forum85-action-items-for-everyone/2484...
Essentially its giving the supporters pointers on what to say to the senators and mentions to talk about the bill provision raising family visa cap to Democratic senators and not to Republicans.
Meanwhile, there is only one senator, Grassley, who is fighting to add worker protections to this bill with very little support from media or constituents. Your blog post is probably the only one I have seen on this subject that is not advocating for the bill by propagating false information about it.
I would advise you all to take a few minutes and try to talk to your senators about either killing the bill or at least adding Grassley's amendments to it.
Sam
H.R. 3012/S.1857
First, some bad news, this bill is "most popular" in thomas.gov, which means there is a lot of links, reads, activism on it.
See H.R. 3012, Fairness for High-Skilled Immigrants Act of 2011.
Then, the Senate Version, S. 1857, Fairness for High-Skilled Immigrants Act of 2011, current legislative status is referred to the Senate Judiciary Committee.
Believe me, you're going to the wrong link for who is behind this bill. It's the U.S. Chamber of Commerce who are writing and pushing it. That's how it passed the House with nary a word and could possibly have a voice vote override.
Literally we have a currency manipulation bill on China passing the Senate, being blocked by Boehmer, same situation, everyone wants to pass it, except the U.S. Chamber of Commerce.
What the bill does is lift the per country quota cap on green cards. This is for the lowest green card, the one where it doesn't have to be proved the person is "highly skilled" and this is the only one, the EB-3, which has a wait list.
Ok, workers on H-1B Visas do not go home, they are simply waited on the H-1B past the 6 years already on it.
Secondly, if someone is a genius, they could easily get the EB-2, EB-1 green card.
No surprise, this throws diversity under the bus, but we already have entire divisions of male Hindu Indians, ages 24-32, working in Silicon valley, not an American on site and esp. not a U.S. domestic diversity candidate, such as a woman engineer, black engineer or gray haired engineer.
Finally, to get a green card that's where the infamous lie comes in, complete with immigration "attorneys" to "prove" there is no "qualified American" for that job.
We've seen tons of fraud in this regard and the point of this article, without drawing attention to the many economic fictional white papers (for they want their propaganda disseminated, which is why I didn't mention specifics or specific equation manipulation techniques).
So, this bill isn't too great, but there are many many worse than this one.
Looks like Grassley's hold is still there and another attempt, this time to give the Irish more green cards as an amendment, also failed. Gee wiz, if they can give more green cards to India and China, why not Ireland?
Anyway, there is already a loophole in the works, administration issuing waivers to the EB-3 per country caps.
Folks, why Grassley put a hold is encapsulated in the below video. It caught a law firm, in the act, giving a seminar on how to make sure one doesn't find any qualified American for a job in order to give that job and corresponding green card to a foreigner.
Finally, in terms of foreign workers, not to say Americans are the ones who need those jobs, they do, that's the bottom line and the ultimate premise for this article, but a green card is better than a foreign guest worker Visa for worker rights.
greencard vs h-1b visa
is pretty much a bullet in the kneecap vs in the stomach
better, i suppose
but not much
H1Bs - NUNCA
Except maybe for entertainment exchanges, or other limited exchanges, there should be no H1Bs
Tech workers actually owe Cohen & Grigsby a 'thank-you'
they didnt invent this process, they probably didnt even materially spread it - it had been industry standard for at least a decade - a high school student could have learned that process in a morning and made that seminar - most of immigration lawyer work is actually very unskilled and extremely repetative
the only thing they really did, was being dumb and sloppy enough to film it and make it public on their website. and when exposed, they only claimed that it was 'taken out of context' (yeah, right), and 'used without permission'. they have never to my knowledge, denied it was them or claimed it was falsified
I knew about that prccess for more than a decade. But because of Cohen & Grigsby (and the Programmers guild grabbing the ball and slamming it though the hoop for a score, nice job PG), now no one with an ounce of integrity can look at that short video and still claim that 'no american workers are hurt by guest workers'.
Of course, an awful lot of people lack even a single ounce of integrity, so the lies continue. But at least no one can *honestly* believe it. This video was an incredible victory for the truth
But the video did remove the 'benefit of the doubt' for anyone who sees it. If you see it, and still claim Americans arent hurt, you're not 'deceived', you're a liar
Christ! Get a spell checker!
I'm sorry but techies arguing for U.S. workers who cannot even use the basic spell checker, incorporated into both Firefox and Chrome, give everyone a bad name. I mean, come on, if someone wants to earn $50 bucks an hour they should be able to write a complete sentence and be able to at least use a spell checker and assuredly understand how to write contractions.
An apostrophe here, an apostrophe there
Is there a spell checker out there that will tell you when you mean 'though' and when you mean 'through'? What if you use 'thru' and really mean it? I just posted lyrics that use small 'i' for first person singular 'I' -- but that seems to be how the authors penned it!
Probably, there are some that will question you as to what you mean, but then the spell-checker will highlight or underline so much of the text that it's distracting.
And if the Anon post was loose, what about the nu inglsh uzd 4 txtng? c wut i meen?
ok, maybe I was a little harsh
This site can be accessed via mobile phones, at least the ones I've checked and it might be someone was on Android or whatever. tis tru, u say....
Merry Xmas 2okd4okeydoke!
Thank you
Merry Xmas to all!
It's time for holidays!
what the hell is your problem, Robert?
holy overreaction, Batman!
my "problem" is....
One of the excuses to displace U.S. STEM is the claim they are not the "best and the brightest". I know this is false, of course no race or national origin has a lock on anything, including spelling. That said, when people cannot write a complete sentence, spell basic words or cannot handle creating accounts and writing comments on various sites....well, the claim they are technical, highly skilled and just being discriminated against loses all credibility.
I think that incompetence in
I think that incompetence in English is trendy these days, especially for 'tech'. If you thought Anonymous Drive-by wasn't up to standards, check this out from 'Technology in News' ('smile1714') "Hackers Attack Predictions in the Year 2012" from Technology in the News via seegarten.info
Some of us, it appears, are communications-challenged by our anachronistic habituation to what used to be English. Similarly, some of us are challenged in news-comprehension due to our anachronistic habituation to what used to be journalism.
BTW: 'smile1714' also offers to do your homework!
My guess is that this is a beta-version of an AI system originating in Shanghai.
Those who think they know
"Of course, an awful lot of people lack even a single ounce of integrity, so the lies continue. But at least no one can 'honestly' believe it." -- Anon.
I know more than a few, especially seniors, who did "honestly believe the lies," until the truth was presented to them.
EconomicPopulist is very helpful in disabusing folks of their naive or well-intentioned delusions.
Also, NoSlave.com
Thanks for writing this article
I've monitored this issue pretty regularly for a long time. It does seem like there's really been a 'wave' of this propaganda lately, with the 5-3 = 9 Orwellian logic going to ever greater extremes
With the exception of a few very honorable journalists and politicians, words cannot describe how devestated my faith in most 'journalism' has become, it's really hard to believe that 'Pravda' was any worse. I really wonder how these people get up in the morning, tell lies all day, then go home and pat themselves on the back.
In 1998, after surviving a number of threats to my tech career, and surviving them, I saw the 1998 Omnibus H-1b increase as a new threat way beyond anything I had ever seen. But what has actually happened since was magnitudes beyond my worst nightmare. Never would I have ever beleived prior that so many people were willing to lie, no matter how much evidence piled up. I never believed after this much damage, that the lies would continue - but they do. The lies still hurt, but at least more and more the general public is becoming aware the the 'journalistic community' in general is anything but an 'objective observer', but instead, a soul-less propagandist
Even grads from a decade ago are largely unemployed
2002 Electrical Engineering and Computer Science graduate here from a prominent, well known university. In the top quartile of the class. Graduated amidst the tech bust, sent out thousands of resumes over the past decade, only to receive replies to just a few.
The whole idea of a tech worker shortage is complete nonsense. Firms would be tripping over themselves to hire guys like me if there was any shortage. Instead, resumes like mine, and those of my classmates, don't even get the 'time of day' from employers.
My crime -- I'm not a cheap overseas/offshore resource from India or China. If I work, I need to be able to earn enough to pay for a retirement in the USA. Letting in the H-1B's has destroyed my career prospects, and literally millions of families who have to care for unemployed STEM talent. Why do we persist in keeping our best and brightest unemployed, simply so a small group of CEOs and bankers can "earn" millions of dollars a year?
Right on. I was a pretty
Right on. I was a pretty successful legacy systems programmer back in the 90's(RPG, COBOL etc). About the time 2001 rolled around, my career tanked due to being downsized. Took the time to learn java on my own and visual Basic but noone would hire me. Went to a cc to study DB administration(even though I ALREADY have a Bachelor's in Math) and still only a few hits and no hires. So now at 40 my skills are rusty, I've developed severe untreatable depression, and am struggling at minimum wage jobs and ebay while desparately trying to get disability. Meanwhile, talent is brought in from overseas to undercut any entry level jobs in IT I could get. Yes I also tried relocation...NYC Florida Pittsburgh..often going for interviews(and spending a fortune) only to get turned down.
We are in the same boat brother and its sinking
as for that video I can say when revolution comes and its a coming baring some major sea change in policy..they will not be spared
Companies ruined or almost ruined by imported Indian labor
Adaptec - Indian CEO Subramanian Sundaresh fired.
AIG (signed outsourcing deal in 2007 in Europe with Accenture Indian frauds, collapsed in 2009)
AirBus (Qantas plane plunged 650 feet injuring passengers when its computer system written by India disengaged the auto-pilot).
Apple - R&D CLOSED in India in 2006.
Australia's National Australia Bank (Outsourced jobs to India in 2007, nationwide ATM and account failure in late 2010).
Bell Labs (Arun Netravalli took over, closed, turned into a shopping mall)
Boeing Dreamliner ES software (written by HCL, banned by FAA)
Bristol-Myers-Squibb (Trade Secrets and documents stolen in U.S. by Indian national guest worker)
Caymas - Startup run by Indian CEO, French director of dev, Chinese tech lead. Closed after 5 years of sucking VC out of America.
Caterpillar misses earnings a mere 4 months after outsourcing to India, Inc.
Circuit City - Outsourced all IT to Indian-run IBM and went bankrupt shortly thereafter.
ComAir crew system run by 100% Indian IT workers caused the 12/25/05 U.S. airport shutdown when they used a short int instead of a long int
Computer Associates - Former CEO Sanjay Kumar, an Indian national, sentenced to 12 years in federal prison for accounting fraud.
Deloitte - 2010 - this Indian-packed consulting company is being sued under RICO fraud charges by Marin Country, California for a failed solution.
Dell - call center (closed in India)
Delta call centers (closed in India)
Fannie Mae - Hired large numbers of Indians, had to be bailed out. Indian logic bomb creator found guilty and sent to prison.
Goldman Sachs - Kunil Shah, VP & Managing Director - GS had to be bailed out by US taxpayers for $550 BILLION.
GM - Was booming in 2006, signed $300 million outsourcing deal with Wipro that same year, went bankrupt 3 years later
HP - Got out of the PC hardware business in 2011 and can't compete with Apple's tablets. HP was taken over by Indians and Chinese in 2001. So much for 'Asian' talent!
HSBC ATMs (software taken over by Indians, failed in 2006)
Intel Whitefield processor project (cancelled, Indian staff canned)
JetStar Airways computer failure brings down Christchurch airport on 9/17/11. JetStar is owned by Quantas - which is know to have outsourced to India, Inc.
Lehman (Spectramind software bought by Wipro, ruined, trashed by Indian programmers)
Medicare - Defrauded by Indian national doctor Arun Sharma & wife in the U.S.
Microsoft - Employs over 35,000 H-1Bs. Stock used to be $100. Today it's lucky to be over $25. Not to mention that Vista thing.
MIT Media Lab Asia (canceled)
MyNines - A startup founded and run by Indian national Apar Kothari went belly up after throwing millions of America's VC $ down the drain.
PeopleSoft (Taken over by Indians in 2000, collapsed).
PepsiCo - Slides from #1 to #3 during Indian CEO Indra Nooyi' watch.
Polycom - Former senior executive Sunil Bhalla charged with insider trading.
Qantas - See AirBus above
Quark (Alukah Kamar CEO, fired, lost 60% of its customers to Adobe because Indian-written QuarkExpress 6 was a failure)
Rolls Royce (Sent aircraft engine work to India in 2006, engines delayed for Boeing 787, and failed on at least 2 Quantas planes in 2010, cost Rolls $500m).
SAP - Same as Deloitte above in 2010.
Singapore airlines (IT functions taken over in 2009 by TCS, website trashed in August, 2011)
Skype (Madhu Yarlagadda fired)
State of Indiana $867 million FAILED IBM project, IBM being sued
State of Texas failed IBM project.
Sun Micro (Taken over by Indian and Chinese workers in 2001, collapsed, had to be sold off to Oracle).
UK's NHS outsourced numerous jobs including health records to India in mid-2000 resulting in $26 billion over budget.
Union Bank of California - Cancelled Finacle project run by India's InfoSys in 2011.
United - call center (closed in India)
Victorian Order of Nurses, Canada (Payroll system screwed up by SAP/IBM in mid-2011)
Virgin Atlantic (software written in India caused cloud IT failure)
World Bank (Indian fraudsters BANNED for 3 years because they stole data).
I could post the whole list here but I don't want to crash any servers.
Simple facts about highly-skilled workers from the 3rd world
This is not opinion. These are facts.
- The H-1B guest worker visa program was started in 1990 with an annual cap of 65,000 visas.
- The L-1 visa program was started in the 1970s and was designed for intracompany transfers only. It has since been abused to bring in foreign nationals for services companies and then place them at their clients - which is illegal.
- From 1978 to 1998 - including the 90's boom - the demographic in the IT industry was 98% white American males. The U.S. economy was booming in 1998.
- In late 1998, India (and the rest of the world) sat up and took notice of the huge amount of wealth America's tech workers were generating. India decided they wanted to take over what Americans had created and get the $ for themselves. But how? Answer: Public Relations of course! So India's IT lobby, NASSCOM, hired D.C. PR/lobbying firm Hill & Knowlton to plant fake "worker shortage" stories in the U.S. media in 1998. While most Americans were busy enjoying the fruits of their labors, India was plotting how to invade and take over America. This barrage of news alleging a worker shortage story was the vehicle by which India, Inc. convinced America to permit the next step:
- In late 1998 and early 2000, the H-1B visa caps were raised from 65,000 a year to 115,000 per year and 195,00 per year, respectively. Then-president Bill Clinton - not George Bush - signed the increases. Tech workers from India didn't begin arriving in the U.S. in large numbers until late 1998. How could they have created the 90's tech boom when they weren't even here? The tech boom was created by Americans. Now that Americans have been driven out by the imported workers, the Silicon Valley and U.S. economies are a disaster.
- As a result of the 1998 & 2000 increases, 1.1 million foreign guest workers came into the U.S. from October 1998 to October 2003. According to the U.S. Dept. of Labor, 90% of those H-1B visas went to people from India. These people promptly took over America's tech jobs and drove Americans out of them.
- A unknown number more came in during the same time period on the L-1 intracompany transfer visa, which has been heavily abused by Indian outsourcing companies such as Wipro, InfoSys, and Tata. The number of L-1s who came in from 1998-2003 is at least 1 million, maybe 2 million.
- There is no yearly cap on L-1 visas.
- The H-1B visa cap reverted back to 65,000 per year in Oct. 2003. Despite this, over a million foreign guest workers continue to come into the U.S. every single year - even during periods of record unemployment, such as today.
- The U.S. economy went from booming to collapse the same year of the 2nd H-1B increase - proof that the foreign guest workers did not perform as promised.
- In fact, the U.S. economy has been in decline since 2000 or 2001. The government tried to offset the decline by making huge amounts of cheap credit available to make up for lost jobs and lower wages caused by the flood of cheap labor from the developing world. The credit ran out in 2008 and the real economy now is the result.
- There has been no real economic growth in the U.S. since the 2000-2001 collapse.
- Since the millions of guest workers arrived in 1998 and 2000, 14-16 million white collar American jobs have been destroyed. Approximately 1-2 million of those have been offshored - the rest have been destroyed. Promises by guest workers to help the U.S. economy in 1998 have never materialized. The opposite has happened.
- Despite common myths, there is no legal requirement in the H-1B laws which requires an employer to look for and hire an American worker instead of a foreign worker.
- Protections for American workers are provided in Federal law under Title 8, Section 1182, which defines who is an inadmissible alien, but those laws are being ignored and are not enforced.
- Most H-1Bs that enter the U.S. from developing countries such as India and China are not skilled as claimed - they are being trained by Americans when they get here - which makes both the applicant and hiring company guilty of fraud, which is a felony.
- American companies are using the H-1B and other work visa programs as a way to displace and bypass American workers in favor of cheaper foreign labor.
- Most foreign imported workers who come to the U.S. to work on work visas make less than their American counterparts. Companies love imported workers because companies think they increase profits by cutting costs. Cost-cutting is a sign of a company in trouble. In reality, long-term cheaper foreign workers harm American profits because long-term increased profits rely on innovation, not lower costs - and countries like India and China have terrible track records in innovation.
- Due to historical and ideological factors, most of the foreign workers we are brining to the U.S. are deliberately keeping skilled Americans out of the workforce by denying them jobs. The foreign workers claim Americans are too stupid, but Americans created the IT industry. The real reason Americans are being kept out of the workforce is because of racism, hypernationalism, communists in corporations who hate capitalism and hate America, and because of historical resentments by the guest workers themselves. Britain invaded and colonized India 150 years ago. Indians think the evil white man stole all their wealth. Hence Indians think they are entitled to break the law and deny jobs to Americans. It's payback time. Britain colonized China by taking control of Hong Kong from 1898 to 1997. The Opium Wars enslaved China and weakened it. Hence most Chinese resent hate white people. The Chinese are also deeply jealous that the U.S. has far surpassed them in just 250 years and China has been around for 6000 years.
- Both China and India resent America because both countries are communist or socialist and hence the U.S. would not trade with them for 50 years - from the end of World War 2 until globalization began in 1997. Most Chinese and Indians believe that they were kept out of the world economy by America and hence they want to do the same to us. Mexicans hate Americans because NAFTA disrupted the local Mexican economy when it was flooded with American goods by greedy American executives who wanted to find new consumers to sell to.
- Foreign guest workers are conducting a systematic campaign of ethnic cleansing - cleansing Americans from jobs in their own country. The reasons why are covered above.
- China is all about "saving face". America's success makes China look bad. The Chinese are jealous of us. Many imported guest workers from China will deny jobs to brilliant Americans simply because they are Americans - even to the point of making companies fail by staffing them with incompetent foreign guest workers who can't do the jobs. Can't hire Americans you know - that increases the prestige of Americans and decreases the prestige of Chinese. What do they care what they do to Americans? As long as the can fake it long enough to grift out VC-funded companies and send the money home, it's ok - after all, the evil white man oppressed China and hence China is entitled to America's money - even without performing as advertised. The cleanout of American VC-funded tech companies by fraudulent foreign workers is one of the prime causes of both the "credit crisis" (money going overseas when foreign workers send their paychecks home), and high unemployment (foreign workers not doing the jobs, and cusing companies to fail, thus reducing the number of jobs in the economy). It's not just how many people are working that matters, it's who is working. Workers from developing countries not only want our money, they want to see our economy fail - after all, that lowers U.S. prestige in the world and makes the other countries who can't compete look relatively better. If you can't beat your competition, just attack them instead, take their money, but collapse all their companies while you are at it.
- The U.S. currently exports $45 billion a year in wages to India alone and over $70 bllion a year to Mexico. Wonder where the capital in our banks is going? It's not being used to create jobs in America or being spent into the American economy - it's being shipped overseas by guest workers here.
- India wants to be known as the IT capital of the world - despite the fact that India is incapable of creating it own operating system. Name one software application that comes from India. Name one Indian software company anyone has heard of - not services companies like Wipro, Tata, etc - Indian companies that actually produce software they sell - none exist.
- More software comes from Scandanavia than from India.
- The average Indian IQ is 81. The average American IQ is 98. The average Japanese IQ is 107. The average German IQ is 100. Why aren't we importing a million workers a year from Japan and Germany? Why only from 3rd world countries? Answer: people from 3rd world countries are not the best and the brightest - they are the opposite - we are importing them for International Socialism - so that they can enjoy the fruits of the labor of productive countries like the U.S.
- Name one new industry or invention to come out of India or China in 250 years. Auto industry - America. TV & radio industries - America. Aerospace industries - America. Light bulbs, integrated circuits, computers, the internet, software - all of it comes from America, invented and created by Americans. Modern manufacturing, assembly line process - American. Now name one new industry or invention to come from India or China in 250 years - there are none. America doesn't need these workers.
Foreign-born founders and their contributions to America
- There has been much talk recently of the contributions of foreign-born founders to America. While it is true that there are some few rare exceptions, the reality is the vast majority of immigrants are here to take from us and send money home - as well as to acquire skills from Americans so they can be more like us.
- A few immigrants have made contributions to America - many of them from Europe. Many of them over 40 years ago. Einstein and von Braun come to mind. A few others more recently from non-European countries - Vinhod Kosla at Sun, the creator of Hotmail, or Amit Singh. But again, they are the rare exceptions, not the rule. The fact is, a decade of importing millions of foreign workers is not making the U.S. economy grow - it was growing in the 90's - before they got here, not now.
- For every one outstanding immigrant who does contribute, we are bringing in at least 10,000 destructive ones who are only here for our money and jobs. - immigrants who take and destroy as our economy is now proving.
- Let's talk companies and who founded them. As a rationale for why immigrants need to come help America, the immigrants themselves have been telling lies about who founded what companies. Let's set the record straight.
- Intel - Intel was not founded by immigrants. It was founded by 2 Americans - Robert Noyce and Gordon Moore (of Moore's Law fame).
- Yahoo! - Yahoo! was founded by one American - David Filo - and one immigrant - Jerry Yang. But Yang came to the U.S. at age 6 from Taiwan - a developed country. He was raised here and went to school here. He's more American than immigrant.
- Google - Google was founded by one American - Larry Page - and one immigrant - Sergei Brin. But Brin came from Russia, not India or China - and he came here at age 3 and grew up here and was educated here. He's more American than immigrant.
- Microsoft - Founded by two Americans - Bill Gates and Paul Allen.
- Apple - Founded by two Americans - Steve Jobs and Steve Wozniak. Apple is booming today. Why? Apple CLOSED its R&D in India in 2006 and hires mostly Americans for all of its software development. 0% of Apple's software development is done offshore.
- Sun - Founded by 2 Americans, 1 German, and 1 Indian. Sun's CEO for the 1st 25 years was Scott McNeally - an American. Sun's operating system was architected by another American co-founder - Bill Joy. In 2001 Sun was taken over by legions of foreign guest workers from India and China - and Sun is now losing $150 million a quarter and is being sold off to Oracle to avoid the embarrassment of closing its doors with foreign guest workers running it.
Now let's go down the list of companies damaged or destroyed by foreign imported labor since 1998:
PeopleSoft - Taken over by imported Indian workers in 2000 - had to be sold off to Oracle to avoid embarrassment of closing.
Sun Micro - Dying. See above.
Bell Labs - Taken over by Indian-national Arun Netravalli in 2003. Bell Labs where the transistor, UNIX, and the C programming language were invented is now being turned into a shopping mall.
Quark - Taken over by Indian national Alukah Kamar - who laid off all the American developers and sent the work to India. The products became so bad that 60% of Quark's customer base defected to Adobe InDesign, never to return. Kamar was later fired but not before permanent harm was done to Quark.
Computer Associates' former CEO from India is now serving 12 years in federal prison for fraud.
MIT Media Lab Asia - Closed in 2006 due to faked invoices in India.
Intel Whitefield processor project - this project in India was cancelled when Intel discovered that many of the "engineers" had faked their resumes.
ComAir - ComAir's 100% Indian IT staff caused the nationwide 2005 Christmas day airport shutdown when they used a short int instead of a long int in the crew scheduling software they were working on. So much for the best and the brightest from overseas contributing to the American economy.
Boeing Dreamliner - Boeing's new 787 Dreamliner airplane has been delayed 5 times - in part because of failed software written by India's HCL Technologies - whose CEO once said "American grads are unemployable".
Lehman - This failed Wall St. institution had purchased Wipro's Spectramind software (which they in turn had bought from someone else and messed up) just before it went bankrupt. It also had hired large numbers of India, Inc. workers just before it went under.
Dell - Outsourced a lot of work to India over the past decade. Profits are now down 54%. Michael Dell once said "Stability is more important than growth".
United/Delta - Both companies brought their call centers back to the U.S. from India when they discovered that foreign call centers were harming their business.
HSBC - ATM software was taken over by India, Inc., ATMs began failing in 2006.
AIG - Signed outsourcing deal in 2007 in Europe with Accenture, collapsed in 2009.
Vodaphone - UK's top cell phone vendor has gone into major decline - in part because its CEO from India didn't do the job and walked out with over $41 million in compensation for doing nothing.
World Bank - Indian, Inc. fraudsters including Wipro were BANNED for 3 years because they stole data.
The verdict is in: Whatever else immigrants and foreign-born founders are doing to America, on balance, they are causing net harm to the U.S. economy - harm that is the cause of our current economic problems. No amount of hype, news stories, studies, or commentaries will change the above facts about the effects of foreign guest workers on the U.S. economy.
A huge army of conmen from India numbering into the several millions have spent a decade cleaning out America's economy. America's moronic MBA managers and boomers who know nothing about technology have been conned by this elaborate PR-driven charade and have been duped into throwing Americans who created IT out and replacing them with incompetent conmen. The end result is what you see now: a destroyed American economy and a vast transferrence of America's wealth to India. People like Vivek Fraudwha are India's cheerleaders and keep shouting from the rooftops that this is good for us, but based on the state of the economy, it clearly isn't.
Now you know the exact chronology of what has happened to America's economy and who is responsible. All the fluff you hear on the evening news is just cover or what has really happened: we've been invaded and plundered by foreign interests that's all.
Capital crisis? Nah - remittances. Guest workers send $45 billion year from the U.S. home to India. $70 billion to Mexico. And that's just those 2 countries. The total is in the hundreds of millions. Keep siphoning that money out year after year and it leaves American banks and lands in Indian banks. And we wonder where all the credit has gone - credit is capital sitting in banks. Except that after a decade of this nonsense, it's no longer sitting in U.S. banks where it would have been lent to businesses to create jobs. Duh.
Housing collapse? Subprime crisis? Nah - mortgage-paying Americans no longer having the jobs or incomes to pay their mortgages - because their jobs were taken away from them and given to cheaper imported workers who have no interest in living here, only in working here so they can send our their money home. There were no subprime loans in America's booming economy of 1998. Sure Barney Frank helped contribute, but that's not the prime cause. No jobs, no mortgages. At least not ones Americans can afford. The banks too are complicit in this: they give out too many loans and run the housing values way up in boom times due to excessive demand, then they flood the labor market and collapse the economy by laying everyone off. Homeowners who have been making payments for years lose all that cash, plus the interest, plus the house too - the banks end up with the money and the property. Pretty nice deal - if you're a banker.
Record federal debt? Nah - suplus elimination by the Fed banksters who control us. In 1998 Bill Clinton sequaled "We've cured the business cycle". Greenspan chimed in: "We should use the Federal surplus to pay down the national debt". Uh oh. Red warning alarms going off in every Fed building in the country (and in a lot of castles in Europe and in The City in England too). Surpluses put bankers out of business. A boom like the 90s lets everyone pay cash. No need to borrow much. Bankers don't like that. Hence, since they control our money supply through the Fed (it's illegal for the U.S. government to issue its own money due to The Federal Reserve Act of 1913), something had to be done. But what? First they tried Open Source to try to kill the value of proprietary software. That didn't work - smart companies continued to protect their inventions. The banksters finally figured out the best way to wreck an economy is to flood it with unproductive workers and replace the super-productive ones who are creating the boom. When salaries are high, tax revenues go up too. When salaries are low, tax revenues go down. Hence, to stop a surplus, all one has to do is get rid of the highly-paid workers, and replace the with lower-paid ones. If you can actually destroy the jobs in the processs, you put the brakes on the economy even more. Hence another reason for the flood of IQ81 people from India replacing America's most brilliant American workers whose IQs are in the 140 range.
That did the trick - that and pilling on even more debt through never-ending unecessary wars which cost billions.
So now you know the history of how the American economy was really wrecked - don't let the blow-dried morons on the news fool you.