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Posts Tagged ‘H-1B visa’

From USA Today

“Business executives and politicians endlessly complain that there is a “shortage” of qualified Americans and that the U.S. must admit more high-skilled guest workers to fill jobs in STEM fields: science, technology, engineering and math. This claim is echoed by everyone from President Obama and Rupert Murdoch to Mark Zuckerberg and Bill Gates.

Yet within the past month, two odd things occurred: the US Census Bureau reported that only one in four STEM degree holders is in a STEM job, and Microsoft announced plans to downsize its workforce by 18,000 jobs. Even so, the United States House of Representatives is considering legislation that, like the Senate immigration bill before it, would increase to unprecedented levels the supply of high-skill guest workers and automatic green cards to foreign STEM students.

As longtime researchers of the STEM workforce and immigration who have separately done in-depth analyses on these issues, and having no self-interest in the outcomes of the legislative debate, we feel compelled to report that none of us has been able to find any credible evidence to support the IT industry’s assertions of labor shortages.”

In other words, the shortage of US high tech workers is a big lie perpetrated by business leaders, President Obama, Republican Party lawmakers, and many Democratic lawmakers. Keeping wages, salaries and benefit packages low by importing the foreign high tech workers into a market in which only one of four highly qualified US citizens can find a job is nothing short of criminal, but it keeps labor costs down and corporate profits and share prices up. The labor market, in other words, is being manipulated to the benefit of the 1 percent.

Apparently, that’s what the US government is supposed to do. That’s the job of politicians: keep wages, salaries and benefits low by keeping an excess supply of labor flowing into the US job market. Who are these politicians working for? The Koch Brothers and Bill Gates or us? Okay, they work for the rich guys, and to hell with us.

Why would they do this?

According to USA Today, “It is well documented that loopholes enable firms to legally pay H-1Bs below their market value and to continue the widespread age discrimination acknowledged by many in the tech industry.”

That’s why companies are exploiting the large existing flow of guest workers to deny American workers access to STEM careers and the middle-class security that should come with them. Imagine how many more Americans would be frozen out of the middle class if politicians and tech moguls succeed in doubling or tripling the flow of guest workers into STEM occupations.

Click the link below for more on this story from USA Today.

Bill Gates Tech Workers Fantasy–USA Today

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400 information technology workers at Southern California Edison (SCE) are being laid off and replaced by H-1B workers from India. Some employees are training their H-1B visa holding replacements, and many have already lost their jobs.

The employees are upset and say they can’t understand how H-1B guest workers can be used to replace them.

Typically, a US corporation will layoff employees, and outsource their jobs, which is what is happening in this case, even as the Obama administration and some congressional Republicans are trying to expand the H-1B program. They want to reduce worker wages and increase corporate profits by doing so even though there is no shortage of high skill tech workers in the United States. There’s not even a shortage of low skill workers.

In all, about 500 people are being phased out at SCE, 400 of whom are being laid off. According to Computerworld, the H-1B visa-holding replacements are employees of two Indian companies — Infosys and Tata Consultancy Services — that have contracted with SCE.

According to USA Today, “If a shortage (of tech workers) did exist, wages would be rising as companies tried to attract scarce workers. Instead, legislation that expanded visas for IT personnel during the 1990s has kept average wages flat over the past 16 years. Indeed, guest workers have become the predominant source of new hires in these fields.”

The H1B visa is being used to keep Americans unemployed, wages down, and corporate profits up. In other words, H-1B is an income redistribution scam. Money is redistributed from the 99 to the 1 percent. Apparently, US economic policy is simple. It’s used to only benefit the 1 percent at the expense of the 99 percent.

Wall Street profits handsomely from these visas. Higher profits mean more stock transactions, corporate bond issues, more highly profitable IPOs. Tech corporations see their stock prices soar, due to their artificially higher profits caused by their government induced artificially lower labor costs.

For more on the story, click on the links below.

Southern California Edison Workers Beyond Furious Over H1b Replacements–Computer World

Personal Liberty–Angry California Stem Workers Train H1b visa replacements

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