The issue of H1-B visa's is correct they are a way to bring less skilled, poorly paid techies to replace more expensive U.S. educated engineering graduates. Musk is drunk on power and shamefully stuck his foot in his big mouth. there is a double edged sword to the Trump/Musk/Ramaswamy bromance. Trump is now proving the anti-Trumpers were right about him. He is distracting his base with dumb sh*t domestic issues while he enables the criminal Zionists to rape the United States wealth by filling his cabinet with the same crooks as before. The only difference is Trump's crooks are pretending to want to MAGA. His full-on support for the idiot Mike Johnson, who like Mike Pence, make a big show about their religion and faith yet they are as much a criminal as your standard issue Democrat.
I look at all this back and forth as merely more accurate opinion polling. We know formal polls are cooked, this just lets people express how they feel without the polling filter.
Let’s keep in mind that the alternative to Trump was complete disaster. Trump is coming into a house that has been sorely neglected and needs a lot of repairs, and so his selected contractors have a lot of ideas, some of which are terrible. But I’ll take it over the alternative. Discount what you hear and wait for what happens.
Yes, Ned we elected the evil of two lessers. The alternative was complete and immediate disaster while what we now have is a slow moving disaster that unfold slowly at first then..........you get the idea.
So what happens when legacy Americans become increasingly unemployed, disgruntled, and face genuine hardship due to rising inflation? Will resentment build leading to civil unrest? Yes, a few corporations will get a profitability boost from reduced labor expense, but who will foot the bill for unemployment compensation and increased costs associated with quelling civilian trauma and the inevitable reactions? If this keeps up, can the federal government keep the plates spinning forever by printing endless fiat currency? What happens if common Americans lose faith and trust in government and then a crisis arises in which civilian unity is a necessary precursor to combating the crisis? What if the neocons start a new war and no one enlists or acquiesces to a draft? Is Trump wise enough to understand that further dividing the country will only make things worse and his job much harder? Inquiring minds want to know.
My company uses both off-shore and on-shore (H1B) visa holders for mainly what we call "managed services in IT". Generally, the concept is to have these contractors or full-time equivalents provide level 1 or level 2 IT troubleshooting or support. Sort of like the first line of inquiry or defense if you will.
Breadth of experience / skills versus depth of experience / skills was preferred. The rationale was it was difficult to find US resources to perform these roles at a salary or compensation level without the depth or specialization necessary.
Personally, I have no problem with H1B team members. I can tell you for a fact that there is a lengthy queue for those coming from India to secure an H1B.
/ skills was preferred. difficult to find US resources to perform these roles at a salary or compensation level without the depth or specialization necessary.
Do you believe this is an american education system failure
and that with proper education the need for H1 B would be decreased
Would you agree as I opine Elon Musk focus is in wrong direction
Would Musk be better off having better relations with and cooperation
Here's a Thread on H1B from Citizen Free Press and you are right in that far and away Indian companies are the biggest importers of H1B workers. Lots of great charts in this one.
Spot on, Ray! As someone who made a career in tech I've seen the massive changes in our sector. From huge gambles taken by entrepreneurs to outsourcing for larger profit. It's the C-suite that is at fault. The executive pay packages drive this as well as the shortsightedness of American business. How aggravating is it to call any corporate customer serfvice line only to be routed to a well meaning foreigner who often can't solve your problem.
For the IT projects I was on, 2/3 failed outright. That is the projects were canceled, usually after most of the money was spent, and nothing could be delivered. For the few that were deemed successful, the delivered products rarely met specifications. Often the customer had to dump huge amounts of money into the project in order to achieve success. I’m glad I’m retired.
Perhaps the project was poorly scoped, incorrect assumptions made, resources / cost allocations inaccurate? That responsibility lies with the corporation and the status milestone management that goes along with it.
I worked for a semiconductor firm for a few years around the turn of the century. Met an H-1B fellow from Korea. His complaint wasn’t about being paid less than the US people. He could not look for work at another company to improve his lot. If he did, he would be sent home. So the dirty little secret isn’t just low pay. The H-1B employees are tied to only the hiring company and thus kept from competing in the labor market. No wonder the companies love this. I had the thought at the time that he is an indentured servant. Glad to see the term used elsewhere.
A cousin of a friend worked for 3m and was an h1b, master graduate of us university, top student, and was underpaid and treated as an indentured servant. Soon as he got his green card he left for a much higher paying job. I like Trumps idea of giving stem graduates a green card.
I have a friend, brilliant programmer, self taught then finally got a degree. Due to age is having a huge problem finding a new job after being laid off and taking time off to take care of some family issues. There is huge age discrimination in the IT field. He is East of DFW, worked in the oil industry. I need to give him a call.
Trump is street smart on the economy, not book smart. The book smart professional economists are 99% clueless.
I am slightly hopeful on what Trump will do to dig us out of this huge hole the so called credentialed experts dug on the economy.
Why thank you! I wasn't aware that I had any credibility to undercut:)
I'm open to the idea that Trump *might* actually know what he's doing. He does, after all, have a Bachelor of Economics. From the University of Pennsylvania no less. Class of 68.
The attitude of the players in our US government makes me both angry and sad.
My eyes have been opened to all that has been and is really going on as the years in the 21st century march on...and I am 70 years old!
I now see the propaganda wool that has been pulled over the public's eyes.
I know that man and nations have been fighting since the snake's deception in the Garden of Eden.
Reading at the end of Mark's post how the US government has treated Europe, and continues to treat them--plus our government's continued demonizing of Russia, brought a song to mind. It is a song that expresses my feelings, my hope:
Come on people now
Smile on your brother
Everybody get together
Try to love one another
Right now
The Youngbloods sang "Get Together" in 1967. It was a big hit in 1969.
I understand that they were to play on The Tonight Show Starring Johnny Carson and the producers wanted the band to lower the volume. The band refused and the appearance was cancelled.
Is Musk an acronym or a verb? Bannon went off on the South African "Manchild " recently and Denninger has been on a rant about him and visa abuse. Elon might need to quit smoking that stuff.
Likewise you can't have reserve currency status without running a trade deficit with the rest of the world, something Trump just doesn't seem to get. As for his brilliant economic strategy, here's what will happen.
Tariffs will:
1 - raise the cost of everything at a time when rampant inflation is destroying people's purchasing power. Net effect: less discretionary spending and attendant follow-on effects, especially in services and entertainment.
2 - lead to job losses across the board as counter-tariffs and import substitution reduce America's exports. Some of these loses will be permanent, as in the example of Russia, where sanctions have had essentially the same effect as tariffs, leading to domestic substitution.
3. Hasten the movement of trade away from the US as exporting nations seek alternative markets with more reasonable terms.
Threaten Argentina with tariffs on beef exports and see what happens. They have plenty of other customers who can take up the slack. Bear in mind, the whole world isn't in a recession. That's mainly a US/EU phenomenon. Much of the world right now is in a boom and can find replacements for US products and markets with very little effort. Just push them in that direction and watch what happens.
Even Canada, as dependent as they currently are, has more leverage than people realize. For example, look at electricity exports:
Bear in mind, most of that power comes from installed capacity that requires very little investment and maintenance over the short term - the short term being the time it takes to repurpose that electricity to gas liquefaction for the European and/or Asian markets. Same applies to our oil exports. There's no lack of foreign buyers for Canadian oil, starting with China.
The issue of H1-B visa's is correct they are a way to bring less skilled, poorly paid techies to replace more expensive U.S. educated engineering graduates. Musk is drunk on power and shamefully stuck his foot in his big mouth. there is a double edged sword to the Trump/Musk/Ramaswamy bromance. Trump is now proving the anti-Trumpers were right about him. He is distracting his base with dumb sh*t domestic issues while he enables the criminal Zionists to rape the United States wealth by filling his cabinet with the same crooks as before. The only difference is Trump's crooks are pretending to want to MAGA. His full-on support for the idiot Mike Johnson, who like Mike Pence, make a big show about their religion and faith yet they are as much a criminal as your standard issue Democrat.
https://theconservativetreehouse.com/blog/2024/12/30/elon-musk-changes-twitter-algorithm-to-diminish-maga-opposition-to-silicon-valley-group-and-support-influence-over-trump-policy/
I look at all this back and forth as merely more accurate opinion polling. We know formal polls are cooked, this just lets people express how they feel without the polling filter.
Let’s keep in mind that the alternative to Trump was complete disaster. Trump is coming into a house that has been sorely neglected and needs a lot of repairs, and so his selected contractors have a lot of ideas, some of which are terrible. But I’ll take it over the alternative. Discount what you hear and wait for what happens.
Yes, Ned we elected the evil of two lessers. The alternative was complete and immediate disaster while what we now have is a slow moving disaster that unfold slowly at first then..........you get the idea.
Great article! I learned a lot
So what happens when legacy Americans become increasingly unemployed, disgruntled, and face genuine hardship due to rising inflation? Will resentment build leading to civil unrest? Yes, a few corporations will get a profitability boost from reduced labor expense, but who will foot the bill for unemployment compensation and increased costs associated with quelling civilian trauma and the inevitable reactions? If this keeps up, can the federal government keep the plates spinning forever by printing endless fiat currency? What happens if common Americans lose faith and trust in government and then a crisis arises in which civilian unity is a necessary precursor to combating the crisis? What if the neocons start a new war and no one enlists or acquiesces to a draft? Is Trump wise enough to understand that further dividing the country will only make things worse and his job much harder? Inquiring minds want to know.
My hope for this administration has all but evaporated.
https://www.zerohedge.com/markets/bond-markets-are-revolting-ed-dowd-exposes-biden-admins-incompetence-or-fraud
My company uses both off-shore and on-shore (H1B) visa holders for mainly what we call "managed services in IT". Generally, the concept is to have these contractors or full-time equivalents provide level 1 or level 2 IT troubleshooting or support. Sort of like the first line of inquiry or defense if you will.
Breadth of experience / skills versus depth of experience / skills was preferred. The rationale was it was difficult to find US resources to perform these roles at a salary or compensation level without the depth or specialization necessary.
Personally, I have no problem with H1B team members. I can tell you for a fact that there is a lengthy queue for those coming from India to secure an H1B.
"Personally, I have no problem with H1B team members."
Until your job is at risk, perhaps?
Perhaps? If I'm that insecure about my role and the work I perform then maybe I should be replaced. However, that is not the case.
/ skills was preferred. difficult to find US resources to perform these roles at a salary or compensation level without the depth or specialization necessary.
Do you believe this is an american education system failure
and that with proper education the need for H1 B would be decreased
Would you agree as I opine Elon Musk focus is in wrong direction
Would Musk be better off having better relations with and cooperation
with educators
Here's a Thread on H1B from Citizen Free Press and you are right in that far and away Indian companies are the biggest importers of H1B workers. Lots of great charts in this one.
https://threadreaderapp.com/thread/1873174358535110953
H-1Bs are allowed to join the US military - https://thegunzone.com/can-an-h1b-holder-apply-for-the-us-military/
let that sink in
Trump has made incredible errors inconceiveable and 'back to back'
panama canada greenland examples
This bolsters the East and Fears of many in the West or perhaps favorable to the West
From Spain to India Cries of American Imperialism
Trump handed this great gift to Russia and China and BRICS
I am shocked at these blunders
Outsourcing IT is a great way to destroy a company.
2/3rds of IT projects end in failure.
https://www.atlascode.com/blog/why-software-projects-fail/
I welcome the discussion on this subject. Indentured servants is a great term for them.
I got replaced by 3 people in the Ph at one company and theoretically the company saved money.
Spot on, Ray! As someone who made a career in tech I've seen the massive changes in our sector. From huge gambles taken by entrepreneurs to outsourcing for larger profit. It's the C-suite that is at fault. The executive pay packages drive this as well as the shortsightedness of American business. How aggravating is it to call any corporate customer serfvice line only to be routed to a well meaning foreigner who often can't solve your problem.
For the IT projects I was on, 2/3 failed outright. That is the projects were canceled, usually after most of the money was spent, and nothing could be delivered. For the few that were deemed successful, the delivered products rarely met specifications. Often the customer had to dump huge amounts of money into the project in order to achieve success. I’m glad I’m retired.
Another problem is outsourcing a project to India, it was usually late, didn't work, and then you spent millions to fix it in-house.
Perhaps the project was poorly scoped, incorrect assumptions made, resources / cost allocations inaccurate? That responsibility lies with the corporation and the status milestone management that goes along with it.
Assumptions on your part, AC.
No. Not really. Any project leaders or senior leaders won’t sign off until assurances and legal liability are fully understood.
I worked for a semiconductor firm for a few years around the turn of the century. Met an H-1B fellow from Korea. His complaint wasn’t about being paid less than the US people. He could not look for work at another company to improve his lot. If he did, he would be sent home. So the dirty little secret isn’t just low pay. The H-1B employees are tied to only the hiring company and thus kept from competing in the labor market. No wonder the companies love this. I had the thought at the time that he is an indentured servant. Glad to see the term used elsewhere.
A cousin of a friend worked for 3m and was an h1b, master graduate of us university, top student, and was underpaid and treated as an indentured servant. Soon as he got his green card he left for a much higher paying job. I like Trumps idea of giving stem graduates a green card.
I believe that is the American Dream. Good for him.
Karl Denninger nails the H-1b visa scam:
https://market-ticker.org/akcs-www?post=252559
As for Trump, the guy's an economic illiterate who has absolutely no idea what he's doing.
Yeah, bingo!
I have a friend, brilliant programmer, self taught then finally got a degree. Due to age is having a huge problem finding a new job after being laid off and taking time off to take care of some family issues. There is huge age discrimination in the IT field. He is East of DFW, worked in the oil industry. I need to give him a call.
Trump is street smart on the economy, not book smart. The book smart professional economists are 99% clueless.
I am slightly hopeful on what Trump will do to dig us out of this huge hole the so called credentialed experts dug on the economy.
Why thank you! I wasn't aware that I had any credibility to undercut:)
I'm open to the idea that Trump *might* actually know what he's doing. He does, after all, have a Bachelor of Economics. From the University of Pennsylvania no less. Class of 68.
The attitude of the players in our US government makes me both angry and sad.
My eyes have been opened to all that has been and is really going on as the years in the 21st century march on...and I am 70 years old!
I now see the propaganda wool that has been pulled over the public's eyes.
I know that man and nations have been fighting since the snake's deception in the Garden of Eden.
Reading at the end of Mark's post how the US government has treated Europe, and continues to treat them--plus our government's continued demonizing of Russia, brought a song to mind. It is a song that expresses my feelings, my hope:
Come on people now
Smile on your brother
Everybody get together
Try to love one another
Right now
The Youngbloods sang "Get Together" in 1967. It was a big hit in 1969.
Good song.
I understand that they were to play on The Tonight Show Starring Johnny Carson and the producers wanted the band to lower the volume. The band refused and the appearance was cancelled.
Is Musk an acronym or a verb? Bannon went off on the South African "Manchild " recently and Denninger has been on a rant about him and visa abuse. Elon might need to quit smoking that stuff.
Musk is most often a noun, refers to a strong smelling substance used in perfumery.
So, it fits malodorous Elon, the king of global grift perfectly !!!
I saw one photo of Musk all dandied up, with a pompous, smug look on his face.
The photo certainly fits his attitude toward those that don't agree with him.
He then thinks that he can get away with his crude, vile, insult: "go f yourself in the face".
I always thought that people who frequently and readily use the f word have a diminished vocabulary...well, that is my opinion.
You can’t have globalism and reserve currency status without free labour movement, it’s baked into the cake.
The US is in a spiralling fight to the death against the Triffin Dilemma, at some point the chickens will come home to roost.
Forcing Europe to buy US hydrocarbons is to make up for lost US dollar trade by the BRICS.
Likewise you can't have reserve currency status without running a trade deficit with the rest of the world, something Trump just doesn't seem to get. As for his brilliant economic strategy, here's what will happen.
Tariffs will:
1 - raise the cost of everything at a time when rampant inflation is destroying people's purchasing power. Net effect: less discretionary spending and attendant follow-on effects, especially in services and entertainment.
2 - lead to job losses across the board as counter-tariffs and import substitution reduce America's exports. Some of these loses will be permanent, as in the example of Russia, where sanctions have had essentially the same effect as tariffs, leading to domestic substitution.
3. Hasten the movement of trade away from the US as exporting nations seek alternative markets with more reasonable terms.
For example:
https://ukragroconsult.com/en/news/argentinas-beef-exports-in-2024-are-already-the-highest-in-57-years/
Threaten Argentina with tariffs on beef exports and see what happens. They have plenty of other customers who can take up the slack. Bear in mind, the whole world isn't in a recession. That's mainly a US/EU phenomenon. Much of the world right now is in a boom and can find replacements for US products and markets with very little effort. Just push them in that direction and watch what happens.
Even Canada, as dependent as they currently are, has more leverage than people realize. For example, look at electricity exports:
https://www.cer-rec.gc.ca/en/data-analysis/energy-markets/market-snapshots/2023/market-snapshot-record-high-canadian-electricity-export-revenue-2022.html
Bear in mind, most of that power comes from installed capacity that requires very little investment and maintenance over the short term - the short term being the time it takes to repurpose that electricity to gas liquefaction for the European and/or Asian markets. Same applies to our oil exports. There's no lack of foreign buyers for Canadian oil, starting with China.
the whole of the EU is in trouble.
The source for my prior comment is Sundance.