IBM’s chief executive, Ginni Rometty was anxious to meet with the newly-elected Donald Trump in December, last year, and she pledged that her tech firm would create 25,000 new American jobs. She also promised that IBM will be investing in the United States by bringing $1 billion to create training programs and opening new offices.
Promises are cheap. But Mr. Trump was quick to praise Rometty, and even included her in the June 19 Tech Summit, pushed by his son-in-law, Jared Kushner. A tech council was supposed to be formed at that time, but nothing happened since then.
What did happen is that these companies, virtually all of them, continued to send jobs overseas and/or hire foreign workers on Visa programs to replace American workers.
No better example is IBM. Rometty’s promise to hire 25,000 workers was “clarified” to mean 25,000 workers over the next four years, and the reaction from employees was harsh: Continue reading →
Senator Tom Cotton (R-ARK) recently challenged the perpetual talking point used to rationalize taking away American jobs to give them to H-2B Visa holders.
A lot of the arguments for this kind of program boil down to this: No American worker will do that job. That is a lie. It is a lie. There is no job that Americans will not do.
If the wage is decent and the employer obeys the law, Americans will do the job. And if it’s not, they should pay higher wages. To say anything else is an insult to the work ethic of the American people, who make this country run.
Sounds like “Make America Great Again” – President Donald Trump’s rally call – but the White House apparently wasn’t listening to Cotton Continue reading →
FOX News yesterday proclaimed on the web:
The new GM deal would raise labor costs from $55 to $60 an hour, a 9 percent hike, according to a study of the deals from Kristin Dziczek of the Center for Automotive Research and Art Schwartz, a former GM labor executive and president of Labor and Economic Associates. The union contract at Ford also reached the $60 hourly rate over the next four years, a 5 percent increase from its current rate of $57. Those hikes pale in comparison with Chrysler, where average hourly wages will spike nearly 20 percent from $47 to $56.
Imagine “average hourly wages of $56” at Chrysler and equally high “labor costs” at GM and Ford. That $56 an hour times 40 hours times 52 weeks, equals $116,480 a year! What a great job – fantastic pay!
The turkeys at FOX News consider this the reason cars cost so much and will cost even more. They even printed (and so authorized by moderation) this comment on the website story:
Well, here comes the NEXT set of lost Manufacturing Jobs in America. Either it will come by NON-USA cars being made overseas because of the price or More Robots will be doing their job.
I have watched these Assembly lines making cars on TV – – Not sure it takes a $124,800 (no overtime) person to do it (plus the best Insurance and benefits, probably puts it over $150,000) to do what I saw.
I am happy for them but everyone must be realistic – – you can price yourself out of a job if you get too greedy. This sounds a bit greedy. Not sure it takes a Master degree in engineering to do this job, and I know lots of Engineers that would love to make this much.
And this gem:
Democrat definition of a living wage. Making $60/hour to do a job that a trained monkey could do, soon to be replaced by robots.
And this one:
Union workers are remarkably stupid. History is going to repeat itself here. Unions priced workers right out of work before and are well on their way to doing it again. But union bosses keep raking it in, don’t they? Union workers will get what they deserve.
However, the article is a big lie….
The Kristin Dziczek quoted by FOX News explains what the corporate shills Continue reading →
Greece bailouts are just to keep banks fat and happy, while families suffer from ten consecutive cuts to their livelihoods
Billions for banks. Hardly a farthing for the families of Greece. The country continues to face impending feudalism to pacify a financial monarchy ruling Europe.
Since 2010, Greece has received nearly $277 billion in bailout funds. Almost all of the money has gone to pay the country’s debts, cover credit default swaps, pay jacked up interest rates and bolster the local and international banks’ capital, rather than to provide any economic growth. Meanwhile, seniors have been robbed of pensions, minimum wage rates smashed, Continue reading →
Worker earns $12,320 more than “boss”, despite same hours. Let’s end employers’ abuse of “management” exemption.
The threshold to qualify for overtime pay, now $23,660, is expected to rise to $50,440 a year if new regulations are adopted by the Barack Obama administration. Until now, companies were allowed to call you a manager, pay you $26,000 and require you to work, say, 58 hours a week – no extra pay for hours worked more than 40. This has left many Americans earning far less than the folks they supervised, all just wage slavery for extra time of devotion to the job..
An example is a fast food worker, who earns $11 an hour, which is below the current threshold exemption for overtime (most of these employees don’t even make that much). He is promoted to manager at a salary of $26,000 a year. The job requires him to arrive early, leave late, work an extra day on the weekends, for a total of 18 hours a week, bringing him to 58 hours (not unusual for “junior managers”).
The new manager’s total hours per year are 58 hrs. X 52 weeks = 3,016 hours a year. Even if paid just Continue reading →
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
- Dante Giovanni Corporation
- Coca Cola Femsa SAB de CV – 20% stake
- Cox Communications
- FEMSA (Mexican brewer)
- Four Seasons Hotels and Resorts – 42.5 percent
- Newport News Shipbuilding
- Otter Tail Power Company
- Pan American Silver Corporation
- Republic Services, Inc
- Sapphire Energy
- Schnitzer Steel Industries
- 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.