America Faces No Greater Threat Than Joe Biden and the Democrat Party. Their Assault to Our Borders Is As Great As Their Assault to Free Speech and Free Elections
ADP on Wednesday reported a huge revision of 6 million in its estimate of private-sector employment for May.
The data processing company originally estimated that May saw a loss of over 2.7 million jobs. Wednesday's report includes a revised estimate that the private sector gained 3 million jobs.
The report also showed that private-sector jobs continued to grow in June, with nearly 2.4 million jobs being added. The battered leisure and hospitality sector, which suffered massive jobs losses in the past, gained nearly 1 million jobs in June.
“As the economy slowly continues to recover, we are seeing a significant rebound in industries that once experienced the greatest job losses,” said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute, when announcing the June report. “In fact, 70 percent of the jobs added this month were in the leisure and hospitality, trade, and construction industries.”
Small businesses with less than 50 employees also fared well in June as nearly 1 million workers were added to payrolls.
DO WE REALLY WANT AMNESTY AND MORE CHAIN MIGRATION?
BLOG EDITOR: THERE ARE FAR MORE LIKELY TO BE 40 MILLION ILLEGALS. NOW DO THE MATH!
They will immediately amnesty 20 million illegal aliens and get them on the voting rolls, making it impossible for the Republicans to win any more national elections.
TUCKER CARLSON
Record 47.2 percent of working-age Americans without jobs
1 July 2020
According to newly released Bureau of Labor Statistics (BLS) figures, 47.2 percent of working-age Americans were without work in May, the highest level recorded since the end of World War II.
The numbers are based on the BLS employment-population ratio, which states the proportion of the total labor force who are actually working. It is a more accurate measure of joblessness than the monthly unemployment report, which counts only those actively seeking work.
At the end of May the employment-population ratio stood at 52.8 percent; it stood at 61.2 percent at the start of the year. The employment-population ratio reached a postwar high of nearly 65 percent in 2000.
Citing Torsten Slok, the chief economist at Deutsche Bank, CNBC said it would take the creation of an additional 30 million jobs to bring the employment-population ratio back to January levels.
The report comes ahead of the release of the official jobless statistics for June later this week. They are expected to reflect a marginal decline in the official unemployment rate from 13.3 percent in May to 12.4 percent in June. It is not known if the June figures will correct the previous undercount in the numbers of May and April, when millions of workers were incorrectly classified. This resulted in the official jobless percentages being about 3 percent lower in May and 5 percent lower in June.
A pregnant woman waits in line for groceries with hundreds during a food pantry, sponsored by Healthy Waltham for those in need due to the COVID-19 virus outbreak, at St. Mary's Church in Waltham, Mass. (AP Photo/Charles Krupa)
The official unemployment rate remains at Great Depression levels in a number of states. Nevada, hard hit by the shutdown of the gaming industry, had an unemployment rate of 25.3 percent in May compared to 4.0 percent one year earlier. Hawaii stood at 22.6 percent in May compared to just 2.7 percent one year earlier, while Michigan registered 21.2 percent compared to 4.2 percent in May 2019. In California and Massachusetts, unemployment stood at 16.3 percent in May.
Joblessness was the highest in the leisure and hospitality sector, 35.9 percent. Retail was at 15.1 percent, construction at 12.7 percent and manufacturing at 11.6 percent. Among young people age 16–19, 29.9 percent were unemployed and 23.2 percent of workers age 20–24 had no work.
Despite the reckless early reopening of state economies during the course of June, there were around 1.5 million new claims each week for unemployment benefits. Many workers do not have a job to come back to. This is particularly the case for those employed at small businesses, such as restaurants, which could not survive the shutdown. A further wave of larger bankruptcies is also expected.
The full impact of this economic collapse will hit toward the end of July when the temporary weekly increase of $600 in unemployment benefits enacted in the CARES bill ends. The cutoff, scheduled for the week ending July 25, will slash income by about two-thirds for 20 million workers and will lead to a surge in hunger and evictions.
Personal income dropped 4.2 percent in May, despite the supplemental payments. The cutoff will be particularly devastating for low-wage workers, since regular unemployment benefits cover half or less of weekly pay.
The moratorium on evictions from federally subsidized housing contained in the CARES Act is also set to expire at the end of July, meaning that millions of families could soon confront the possibility of being in the street. According to the latest US Census Bureau Household Pulse Survey, 30 percent of renters had little or no confidence that they could meet housing payments for the next month.
A patchwork of state and local temporary bans on evictions are expiring or are being challenged by landlord associations. A statewide eviction ban was set to expire in Florida on July 1, barring a last-second extension by the governor. A statewide ban in Virginia expired June 29. In San Francisco, a citywide ban is being challenged in court. Earlier this month, an eviction ban expired in New York City, leading to warnings that 50,000–60,000 eviction cases could soon be filed in housing courts.
Andy Winkler of the Bipartisan Policy Center issued a warning reported in Politico of a “tsunami” of evictions following the expiration of the $600 unemployment supplement.
It is clear that corporations are using the crisis caused by the pandemic to carry out a major restructuring, including the permanent elimination of huge numbers of jobs. According to the International Monetary Fund, the world economy will contract by five percent in 2020, with US GDP down by eight percent. The GDPs of Mexico and Europe are expected to decline 10 percent, while China will show no growth. The second quarter in the US is expected to show the largest quarterly contraction since the end of WWII.
In an indication of what is to come, Airbus announced 15,000 job cuts worldwide by 2021 as it restructures its operations, an 11 percent reduction. Ten thousand job losses will be in Germany and France alone.
Graph showing the sharp fall in the employment-population ratio
In recent years, spokesmen for the ruling class have been bitterly complaining that record low unemployment had created “tight labor markets” and demands for rising wages. The destruction of tens of millions of jobs will now be used by corporations as a hammer to demand a new wave of wage and benefit cuts from workers. This has already been seen in the airlines and among public-sector workers.
Amidst this devastation, the US stock market closed June with one of the best quarterly rises in history. The Dow Jones Industrial Average rose 216 points Tuesday. For the second quarter, the Dow Jones rose 16 percent, erasing most of the losses of the first quarter of 2020. Apple, Home Depot, Dow and Microsoft were among those making the strongest gains. The S&P 500 showed a 19.1 percent gain for the quarter, while the Nasdaq is up 11 percent for the year.
The rise in the markets comes as COVID-19 cases surge in the United States, with record numbers of new infections, following the lifting of all attempts by federal and state governments to control the virus. The stock rise has been fueled not by an improving real economy, but the unlimited infusion of cash by the US Federal Reserve. Like a heroin addict, the markets rely on ever-greater injections of liquidity to maintain their inflated levels. Meanwhile, the attacks on workers’ jobs and living standards become ever more ferocious as the corporate oligarchy attempts to claw back the money from the hides of workers.
Workers should not accept that they shoulder the economic burden for the criminal and inept response of the capitalist authorities to the coronavirus pandemic. The massive resources going to the financial markets must be redirected to meeting pressing human needs. Workers made jobless by the spread of the virus and necessary health measures must have their incomes and livelihoods protected. This requires the independent political mobilization of the working class on the basis of a socialist and internationalist program.
Joe Biden: H-1B Foreign Workers ‘Built this Country’
Joe Biden told NBC News that he would immediately lift President Donald Trump’s June 22 moratorium on the inflow of H-1B contract workers if he wins the 2020 election.
Trump “ended H1B visas the rest of this year,” Biden said in a June 27 town hall meeting organized by NBC News. “That will not be in my administration.”
“The people coming on these [H-1B] visas have built this country,” Biden added.
“He said the H-1Bs built this country? So the country didn’t exist before 1990? That is interesting,” responded Rosemary Jenks, policy director at NumbersUSA. If Biden is elected, she said:
I think we will see an increased number of parents realizing that their children will not do better than they did, and that is the antithesis of the American dreams. If many college graduates cannot get good jobs, well-paying jobs, they are not going to be as successful as their parents, and we will have reversed one of the foundational principles of America. – that we are a country of opportunity.
We’re already seen that the most recent high school and college grads are looking at what’s ahead of them and they are very insecure and they are very depressed. The question is how to they respond to that environment? They can take whatever job they can find, or do they rebel and go out and tear down statues?
On June 22, Trump announced H-1B reforms that will open up jobs for young U.S. graduates. He blocked the entry of new H-1B workers until January 2021, and he directed officials to complete a regulation that would allocate H-1B visas to the employers who offer the high pay. Trump adopted the reforms amid determined resistance from globalist aides because of grassroots pressure by U.S. professionals.
The H-1B program keeps roughly 600,000 foreign H-1B workers in U.S. white-collar jobs, including many who are doing on-the-job training so they can bring those jobs back to India. The H-1B and other visa workers are not immigrants but are foreigners who are allowed to take jobs in the United States, even if Americnas can do the job
Antifa's youth are college-grad losers in a stock-market economy. Blue-collars were slammed by mass immigration & free-trade outsourcing. White-collars are being hit by visa-worker outsourcing to India & China. 'Diversity' is the estb.'s hegemony.#H1Bhttps://t.co/DLx5EAyqi4
Many of the H-1Bs work for prestigious technology companies, but many others are low-wage gig workers for foreign-owned subcontractors of Fortune 500 companies.
The gig-worker H-1B workforce works alongside the resident population of illegal professionals, and the growing population of roughly 500,000 foreign workers who get work permits via college-approved Curricular Practical Training and the Optional Practical Training programs.
Many U.S. executives prefer foreign workers because they work compliantly for longer hours and lower wages in the hope of eventually getting green cards from their employers. Many of the foreign workers also pay kickbacks to the immigrant managers who are quietly allowed to hire them, Indian workers tell Breitbart News.
Executives exclude Americans from the growing ethnic labor market because they do not need green cards and so must be paid in cash from company shareholders. Americans are also excluded because they have the right to question their managers and to quit for better opportunities.
This disparity in wages, rights, and compliance ensurse that many Americans never get offered jobs that match their college training. In a February hearing, Hal Salzman, a workforce professor at Rutgers University, told a Senate committee:
Overall, our colleges and universities graduate twice the number of STEM [Science, Technology, Enginering and Mathematic] graduates as find a job each year; that is, only about half of our STEM graduates enter the STEM workforce. Of the entire workforce, only about a third of those with STEM degrees are employed in STEM jobs
….
The fundamental problem of U.S. and foreign [Information Technology] outsourcing firms’ hiring practices is the exclusion of U.S. workers–whether native or immigrant, citizen or permanent resident—which is made possible by specially crafted [visa worker] legislation for this purpose; it is legislation that serves as a congressionally-provided subsidy to a highly profitable industry to hire guest workers at the expense of jobs for U.S. workers.
But there is another, curiously overlooked outcome, which is the creation of workforces that are highly segregated, that have a level of exclusivity seldom seen in the U.S. in the past half-century. That is, IT workforces that are not just majority, but have levels over 70, 80, often over 90 percent from one demographic group (in the case of one large IT company, between 94 percent and 100 percent of its workforce at its various worksites are a single demographic group, and other news reports suggest this is not uncommon).
If Biden is elected, said Jenks, “he would reverse the whole thing… I have no doubt the people he would put into [the Department of Homeland Security] will be more than happy to rewrite the regulation to bring in as many foreign workers as possible.”
She continued:
It is just amazing. You have 47 million Americans who have filed unemployed claims, and nobody cares that we have 600,000 H-1Bs working in this country? It is mind-boggling. We’ve got about 1.4 million Americans graduating from college this year. The job market they are going into is nonexistent, yet we have 600,000 H-1Bs working in this country, most of whom have no higher level of credential than a [U.S.] college graduate.
On day one, I’m going to send the legislation for an immigration reform bill to Congress to provide a roadmap to citizenship for 11 million undocumented immigrants who contribute so much to this country, including 1.7 million [Asian American and Pacific Island people].
My immigration policy is built around keeping families together, modernizing the immigration system by keeping families [together], unification, and diversity as pillars of our immigration system, which it used to be.
Ending Trump’s cruel, inhumane policy at the border to rip children from their mothers’ arms. Take immediate action to protect [younger illegals] Dreamers — including the more than 100,000 eligible Dreamers from East and South Asia. Rescinding the un-American Muslim ban immediately …
So streaming, streamlining the naturalization process. Make it easier for qualified green card holders to move through his backlog … He ended H1B visas [for] the rest of this year. That will not be in my administration. The people coming on these visas have built this country. And so you ask the other parts of a question? I can’t remember what the other ones were. One was what I’m going to do about immigration, what was the other part? Was that it?
Trump's DHS admits Congress allows Fortune 500 CEOs to keep 600,000 #H1B (mostly semi-skilled) foreign graduates in US jobs. Other pipelines push the #s above 1.3M, not counting many white-collar illegals. Of course salaries are stagnant & stocks are highhttps://t.co/7Aeje5Qws9
If President Donald Trump can push his H-1B reforms into 2021, he will dramatically increase the marketplace power of U.S. college graduates, complains a top manager at the Fortune 500 business group the Conference Board.
“If the [H-1B] suspension continues beyond 2020, recruiting high-quality tech workers could become much more difficult,” wroteGad Levanon, who heads the group’s Labor Market Institute that has repeatedly recognized that a smaller supply of workers tends to raise wages and salaries.
Under Forbes‘ headline, “Tech Workers Were Already Hard To Find. The H-1B Visa Suspension Just Made Recruiting Them Even Harder,” Levanon wrote:
Hundreds of thousands of foreigners will no longer be able to attain work in the U.S. as a result.
This halt will deal a one-two punch to employers of computer-related occupations, which includes jobs such as software developers and computer systems analysts. First, people in this field receive the overwhelming majority of H-1B visas. Out of the nearly 400,000 H-1B petitions approved in fiscal year 2019, about two-thirds were in that line of work. Most went to software developers.
Second, computer-related workers are the one group for which the labor market will soon become tight again. When that happens, new foreign workers may be sorely missed.
Computer experts are “likely to regain their hot commodity status in the next year or two,” he wrote.
Levanon’s Jue 26 warnings are good news for Americans, said Kevin Lynn, founder of U.S. Tech Workers. “I would do a jig,” because Levanan is admitting that Trump’s reforms are helping American professionals, he said.
Trump announced the reforms on June 22. His Executive Order blocks the arrival of new H-1Bs this year and ordered a new regulation that would bar CEOs from using the H-1B pipeline to import cheap labor. Currently, 600,000 H-1Bs — and at least 700,000 other visa workers — are used to displace skilled American graduates, to lower career salaries, and to spike stock prices.
But a shortage of foreign workers also would be good for companies because it will shift CEOs’ focus from cost-cutting to quality improvements, Lynn said, adding:
They are now engaged in a race to the bottom, and at the bottom is the end of innovation for America. This [reform] will enable them to pull out of that nosedive, and to put quality first …. [and] they will get productivity, and so they’ll win because their business will be live longer.
They don’t understand this because they are trying to maximize quarterly profits, trying to appeal [to Wall] Street that loves to see employers cut headcounts, to slash wages … instead of raising productivity so stocks can rise because they are building better, more innovative products.
We know that Trump is under immense pressure to make all kinds of exceptions that would water his [June 22] Executive Order down to meaninglessness.
The next step is up to the productive class. We need to be bombarding the White House with ‘Thank You’ cards, with Tweets, with emails, for what he has done because this is a first. This is the first time we have gained ground from offshoring and outsourcing.
For the first time since the 1970s, immigration policy is being crafted to help Americans, not immigrants. We need to be thanking Trump, to build up his resolve against the Koch [brothers] wing of the White House and all of the corporations.
“What they want to do is ratchet wages so low that they are comparable to wages in India,” Lynn added.
Former Google chief Eric Schmidt offers the usual bait-and-switch: Tells Trump the nation needs genius immigrants – but fights to replace outspoken US graduates with compliant, low-skilled #h1B college-workers. It's all about executives vs professionals.https://t.co/fv5G0FaQYs
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