Net Job Growth
Since Recession Still To Foreign-Born
“The Bureau of
Labor Statistics’ March job’s data released Friday — as in previous months — again shows that net
employment growth in the U.S. since the beginning of the recession has gone to
foreign-born workers.”
“From the
beginning of the recession in December of 2007 through March of this year,
while the native-born population has experienced a net decline in employment,
their foreign-born counterparts have experienced a net increase.”
AMNESTY: The solution to keep wages
depressed
“A more recent national survey by the Federal
Reserve, based on 2013 data, suggests the problem has not only persisted as the
economy recovered but may even have worsened. More than 30 percent of Americans
reported spikes and dips in their incomes. Among that group, 42 percent cited
an irregular work schedule; an additional 27 percent blamed a span of
joblessness or seasonal work.”
“In the two advanced countries with the greatest income
inequality, Spain and the United States, job losses and wage cuts accounted for nearly all the
increase in inequality.”
Net Job Growth
Since Recession Still To Foreign-Born
“The Bureau of
Labor Statistics’ March job’s data released Friday — as in previous months — again shows that net
employment growth in the U.S. since the beginning of the recession has gone to
foreign-born workers.”
“From the
beginning of the recession in December of 2007 through March of this year,
while the native-born population has experienced a net decline in employment,
their foreign-born counterparts have experienced a net increase.”
WHY DOES OBAMA HATE AMERICA SO?
THE OBAMA REGIME’S ASSAULT ON THE AMERICAN
BORN WORKER RATCHETED
UP ONCE AGAIN!
UP ONCE AGAIN!
IMF PREDICTS THAT OBAMANOMICS and the GLOBAL LOOTING BY OBAMA’S CRIMINAL CRONY BANKSTERS WILL SOON DESTROY THE AMERICAN ECONOMY.
The International Monetary Fund
warned Wednesday that the world economy would remain locked in a pattern of
slow growth, high unemployment and high debt for a prolonged period. The
forecast, contained in the organization’s updated World Economic Outlook (WEO),
marks a shift from previous economic projections in acknowledging that there is
little prospect of a return to the growth levels that prevailed prior to the
2008 Wall Street crash.
The document’s grim analysis
amounts to a tacit acknowledgement that the crisis ushered in nearly seven
years ago by the financial meltdown is of a historical and fundamental
character, and that the underlying problems in the global capitalist system
have not been resolved.
THE ASSAULT on the
AMERICAN MIDDLE-
CLASS by the DEMOCRAT PARTY:
CLASS by the DEMOCRAT PARTY:
“By large margins, even in opinion
polls conducted by the corporate-controlled media, the American people support
sharp increases in taxes on the wealthy to fund social programs and provide
jobs for the unemployed; they oppose cuts in Social Security and Medicare and
view education, health care and other public services as basic rights; they
oppose government spying on the telephone and Internet usage of ordinary
Americans, as well as other police-state measures; and they oppose overseas
military interventions in the Middle East, Africa and Asia. The Democratic and Republican presidential candidates stand on the other
side of the barricades on all these issues.”
THE LOOTING OF AMERICA: BARACK
OBAMA AND HIS CRONY BANKSTERS
set themselves on America’s pensions
next!
OBAMA AND HIS CRONY BANKSTERS
set themselves on America’s pensions
next!
The new aristocrats,
like the lords of old, are not bound by the laws that apply to the lower
orders. Voluminous reports have been issued by Congress and government panels
documenting systematic fraud and law breaking carried out by the biggest banks
both before and after the Wall Street crash of 2008.
Goldman
Sachs, JPMorgan Chase, Bank of America and every other major US bank have been
implicated in a web of scandals, including the sale of toxic mortgage
securities on false pretenses, the rigging of international interest rates and
global foreign exchange markets, the laundering of Mexican drug money,
accounting fraud and lying to bank regulators, illegally foreclosing on the
homes of delinquent borrowers, credit card fraud, illegal debt-collection
practices, rigging of energy markets, and complicity in the Bernie Madoff Ponzi
scheme.
MUCH, MUCH MORE ON
OBAMA’S ECONOMIC CRIMES PERPETRATED ON
BEHALF OF HIS CRONIES ON THE AMERICAN MIDDLE-CLASS
BEHALF OF HIS CRONIES ON THE AMERICAN MIDDLE-CLASS
One
government-organized settlement has followed another, utilizing “deferred
prosecution” deals and other gimmicks to allow Wall Street CEOs to get off
scot-free. All the banks have had to do is pay largely fictitious fines, much
of the nominal amount written off as tax credits.
Tech firms fight hiring rules in
immigration bill…. NO AMERICANS NEED APPLY!!!
Story Highlights
He will go off and collect tens of millions in backend bribes from his crony banksters in the form of “speaking fees”.
IMF report: No end to economic
breakdown
Silicon Valley Poverty Is Often Ignored By The Tech Hub's Elite
TECH
GIANT APPLE COMPUTER SAYS HELL NO TO PAYING TAXES and HELL NO TO HIRING
AMERIANS! KEEP THE BOATLOADS OF CHINESE AND INDIANS COMING!
Tech firms fight hiring rules in
immigration bill…. NO AMERICANS NEED APPLY!!!
Americans would "be shocked to know that most
of the H-1B visas … are going to outsourcing companies," Sen. Dick Durbin,
D-Ill., said during a recent hearing.
Story Highlights
- Bill provision that would require
firms to post jobs for Americans is targeted
- Technology firms have spent millions
on lobbying on immigration
- Judiciary Committee set to start
working on bill
WASHINGTON
– Technology firms, exercising new political clout on Capitol Hill, are
lobbying against a measure in the leading Senate immigration bill that would
make it harder for them to recruit workers from abroad without first taking
steps to hire Americans for highly skilled jobs in programming, engineering and
other fields.
The
measure, part of a sweeping compromise bill drafted by a bipartisan group of
eight senators, would require job openings to be posted on a new government
website for 30 days and order companies to first extend job offers to
"equally or better qualified" U.S. workers. It would give the U.S.
Labor Department the power to review and challenge those hiring decisions.
Proponents
say the measures are needed to curb abuses by companies who they say use the
visa program to hire cheaper labor. Technology companies say the proposed rules
would cripple their ability to hire the best employees from a global workforce
and represent inappropriate government intrusion in internal hiring decisions.
The
fight over hiring practices is part of the massive lobbying campaign underway
on the immigration measure and will offer a fresh test of the technology
industry's growing influence in Washington. The companies involved in the
computer and Internet sectors spent nearly $140 million in lobbying last year
-- more than twice the $69 million the industry poured into influencing
Washington a decade earlier, according to data compiled by the Center for
Responsive Politics, which tracks political spending.
The
Senate Judiciary Committee is set to begin work on the bill Thursday.
The
hiring battle centers on the program that grants H-1B visas, which go mostly to
college-educated foreigners in science, technology, engineering and mathematics
fields. Technology companies say they face a chronic shortage of qualified
workers in these fields. The United States sets an annual limit of 85,000 visas
for these companies, and the competition for them is intense: This year, U.S.
Citizenship and Immigration Services opened up the application process April 1,
and the cap was reached within a week.
Industry
groups have made big gains in the Senate's immigration proposal. The bill, for
instance, Would increase the H-1B cap to 205,000 annually. However, tech
officials warn the new recruiting requirements could drive companies to move
their skilled jobs overseas, rather than comply. A commonly cited example:
Microsoft's decision to open a software center in Vancouver, British Columbia,
after Congress failed to pass immigration legislation in 2007 that would have
significantly increased the number of H-1B visas.
Under
the bill, "employers are going to have an arbitrary government standard
imposed on every hiring decision," said Robert Hoffman, the top lobbyist
for the Information Technology Industry Council, a trade group. The proposed
rule, he said, ignores subjective factors that influence hiring. "A
perfect example: How does one define whether or not someone has the personality
to fit into a corporate culture?" he said.
"We
are not trying to change any of the fundamental policy goals that they are
trying to achieve" in the Senate, Hoffman said. "We are just trying
to tweak it, so that these goals and other goals, like retaining the best and
brightest and growing in the United States, so that those types of goals are
advanced as well."
Ron
Hira, an associate professor of public policy at the Rochester Institute of
Technology, has criticized the visa program, saying it allows firms to hire
"cheap indentured labor."
"The
technology industry is asking the government to come in and intervene in the
normal functioning of the U.S. labor market, specifically on their
behalf," Hira said.
Bruce
Morrison, a former Connecticut congressman who lobbies on behalf of a group
that represents American engineers, said the organization will object to any
effort to "dilute worker protections" as the measure moves through
the Senate. "The arguments from the companies is that there aren't any Americans
to take these jobs," he said, "so there shouldn't be any
problem."
The
biggest users of H-1B visas are not brand-name companies, but little-known
staffing companies that provide foreign workers on a temporary basis to U.S.
companies — including banks, health insurance companies and big retailers.
Cognizant, a New Jersey-based company that employs 27,000 people in the USA, is
the top user of the temporary visas, U.S. Citizenship and Immigration Services
records show. Most of its workers come from India.
In
addition, three India-based outsourcing companies rank among the top five
recipients of H-1Bs, according to the federal data.
Americans would "be shocked to know that most
of the H-1B visas … are going to outsourcing companies," Sen. Dick Durbin,
D-Ill., one of eight senators who drafted the immigration bill, said during a
recent hearing. "They're going to these firms, largely in India, who are
finding workers, engineers, who will work at low wages in the U.S."
Durbin
is a driving force behind the hiring requirements in the Senate proposal.
The
measure would make business harder for staffing companies dependent on foreign
workers. It would impose higher fees on firms that rely on overseas employees
for more than 30% of their workforce. Starting in 2016, the bill would bar
granting any new temporary visas for foreign workers at companies with more
than half their workers on the visas. Both measures apply to companies that
employ more than 50 people.
Cognizant
spokesman John Procter said he did not have a breakdown on the percentage of
the company's workers in the USA on H-1B visas. He said the bill imposes an
"arbitrary, detrimental restriction on the number of skilled
immigrants."
"It
would really change the way America does business," he said. "The
company is very focused on educating legislators and making sure this language
doesn't make its way into any final outcome."
Cognizant
hired its first federal lobbyist in 2010 andby last year, it had spent nearly
$1 million on federal lobbying, congressional records show. Its team includes
Democratic power broker Heather Podesta, who did not return a telephone call.
Other companies also have stepped up their political activity.
Last
month, Facebook founder Mark Zuckerberg, Netflix's Reed Hastings, Google's Eric
Schmidt and other technology executives teamed up to underwrite an advocacy
group to promote their views on immigration. Two of its subsidiaries began a
seven-figure advertising campaign to shore up voter support for key senators in
the immigration debate.
The tech
industry "has clearly come of age," said Ellen Miller, executive
director of the Sunlight Foundation. "In the last decade, we've seen this
tremendous recognition from Silicon Valley of the need to play in the power
circles — to both protect their bottom line and to alter the political scene to
their advantage."
March jobs number are 'a punch to
the gut' as Americans flee workforce and young people lose optimism
Official unemployment rate sits at 7.6 per cent, dipping
only because of Americans who dropped out of their job hunts
More realistic government statistic is 13.8 percent
Group
representing 'millennials' says 1 in 6 workers age 18- 29 are jobless
Former Obama adviser calls numbers 'a punch to the gut'
OBAMA’S
CRONY CAPITALISM: SOARING PROFITS FOR OBAM’S WALL STREET LOOTERS! And then the
jobs go to illegals!
JUDICIAL WATCH
OBAMA’S SECRET AMNESTY! WHAT WILL IT
COST US?
MELTDOWN
BARACK OBAMA will
finally leave office having destroyed the American middle-class, leaving a nation with staggering debts and open
borders invaded and looted by NARCOmex.
He will go off and collect tens of millions in backend bribes from his crony banksters in the form of “speaking fees”.
This “Hope and
Change” clown who was nothing more than Bush’s third and fourth terms on
steroids will continue to blame the republican party he hoped to destroy with
amnesty for 40 million looting Mexicans.
IMF report: No end to economic
breakdown
Almost six
years after the eruption of the global financial crisis, the International
Monetary Fund has effectively ruled out any return to the economic growth rates
that preceded September 2008.
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