Category Archives: Unemployment

Microsoft has massive layoffs; H-1B hires continue, and foreign workers now far outnumber Americans

Bill Gates – looking for ways to get even richer!

Thursday was another bad day for American jobs as Microsoft – the once All American innovator – began to end the livelihoods of 3,000 families, a process called “downsizing” by the elites.

A spokesperson for founder Bill Gates called this job slaughter simply “changes” to “better serve our customers and partners.”

Today, we are taking steps to notify some employees that their jobs are under consideration or that their positions will be eliminated,” the Microsoft spokesperson told CNBC. “Like all companies, we evaluate our business on a regular basis. This can result in increased investment in some places and, from time-to-time, re-deployment in others.

Meanwhile, foreign workers are being hired by the Seattle gang through the H-1B visa and Optional Practical Training (OPT) program. Microsoft is  one of the top recruiters of the some 330,000 foreign nationals (in 2016), who get to remain in the U.S. after graduating from Continue reading →

India lobbies, Congress listens, we lose our jobs

An adjunct professor at the University of New South Wales has revealed the depth and danger of lobbying by India to end jobs for Americans and replace them with H-1B holders.In an interview Ashok Sharma said lobbying has not diminished under Indian Prime Minister Narendra Modi and President Donald Trump, who campaigned against H1B visas. In fact, the opposite seems true, as Sharma explained:

Since Modi’s arrival and reactivation of Indian lobbying in the post-nuclear deal phase, H-1B visas is the first major issue to show its strength and effectiveness. Indian lobbying has suddenly become active, especially to tackle the US move to curb H-1B visas.

It has also evolved in strength and strategy since its inception phase in the 1990s. It’s now well-organized, coordinated and more focused in its approach. But they will need to focus on individuals and officials who are influential in the Trump administration.

Sharma said that a multi-pronged approach will allow Indians to take Continue reading →

Foreigners take our best jobs under H-1B scheme; video exposes “fake news” approach at CNN!

American universities produce the best software engineers, IT managers and programmers  in the world, but many can’t find a job or have taken pay cuts in recent years.

India’s Navin Kabra, 20+ years of being a software engineer at various levels, explains why in a comment on Quora:

Because there are too many software engineers in India, and not enough in the US.

Because India is churning out 1 million new engineers every year, whereas the industry requires only about 200,000 of them.

Because the “average” fresh software engineering graduate in India can barely program, and 40% of them fail the Fizz Buzz test (as per actual data we’ve collected over the last 2 years), whereas the average software engineering graduate in the US is likely to be much better (as per my anecdotal data).

Kahra was answering this question:

Why is the median salary of a software engineer in India around Rs 3.6 Lakh, whereas in US it is $71k(ie Rs 44Lakh), which is nearly 12.4 times that of India, but the cost of living or equivalent salary of US is considered to be only 4 to 5 times that of Indian salary?

Which brings me to the one bright hope in recent years that the abominable H-1B Continue reading →

Rich look poorer, poor much richer – report distorted to make average Joe happy – despite Depression

350px-Personal_Household_Income_UIt’s so very wonderful to learn this week that “median household income” in 2014 was $53,657, even if it was down from $57,843 in 1999. You can still buy a nice basket of goodies on $50 grand a year. If only it were true.

Most jobs pay about $31k. Many families have just one parent or one spouse working. Something doesn’t add up. Welcome to the world of making statistics lie to fool the peons into believing serfdom is almost as good as living in a castle.

First, the bad news for the poor. The government is reporting your household income much higher than your wages. You may be earning $20k at a lousy job, but Uncle Sam’s statisticians massage that number upward by adding:

  • The value of the free lunches your children eat in school.
  • The estimated net price of the Medicaid and Medicare received for healthcare.
  • Pensions, unemployment insurance, welfare, workman’s comp.
  • Social Security retirement and disability payments.
  • Tax refunds, alimony and childcare payments to you.
  • Supplemental Social Security and Earned Income Tax Credit.
  • Heating and utility subsidies for the poor.
  • Women’s and children’s subsidized clinic care.
  • The estimated value of government-provided childcare.
  • Employer cost of healthcare premiums, pension payments and insurance.

Continue reading →

Bill Gates investments are not just in Microsoft

Cascade Investment LLC is a private investment and holding company.

The company describes itself as a diversified investment company. Its investments include more than half the Bill Gates fortune:

  • Auto Nation
  • Berkshire Hathaway
  • Canadian National Railway
  • Carpetright
  • Dante Giovanni Corporation
  • Coca Cola Femsa SAB de CV – 20% stake
  • Cox Communications
  • FEMSA (Mexican brewer)
  • Four Seasons Hotels and Resorts – 42.5 percent
  • ICOS
  • Newport News Shipbuilding
  • Otter Tail Power Company
  • Pan American Silver Corporation
  • Republic Services, Inc
  • Sapphire Energy
  • Schnitzer Steel Industries
  • Scient
  • Televisa
  • Wisconsin Central Transportation

No wonder Gates favors unlimited immigration and H-1b visas, changes in law that would benefit his financial interests by lowering wages and increasing American unemployment.

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