Tag 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 →

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 →

Fed Chairman Blames Banks For Continued High Unemployment


The investment cash is going to China, India, South Korea and Vietnam, where factories are being built by American companies to make products to export to the U.S. and elsewhere. Those countries rebate the local Value Added Tax (around 20%) to exporters because most every country has their own VAT on products coming into their countries – EXCEPT THIS COUNTRY. In addition, most countries have tariffs on incoming goods if their local economy needs to promote manufacturing jobs.

If we introduced a Value Added Tax here to replace the Income Tax, business would pay an additional 20% to import into America, giving us real tax revenue, instead of sodomizing the middle class.

Ask yourself why almost every nation in the world has a VAT and encourages exports and discourages imports. Could it be big business benefits while Americans are the dumb consumers who allow this travesty sold to us as “free trade?”
Read the Article at HuffingtonPost

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