Thursday, August 10, 2023

WHEN WILL LYING GAMER LAWYER JOE BIDEN STOP LYING? RIGHT....... US Economy in ‘Uncharted Waters,’ Fed Staff Warn

BIDEN HAS DESTROYED THE AMERICAN ECONOMY AS FAST AS HE DESTROYED THE U.S. BORDER WITH NARCOMEX


Biden Promises Aid for ‘Climate Migrants’ in Weather Channel Interview

Anna Moneymaker/RINGO CHIU/AFP via Getty Images
Anna Moneymaker/RINGO CHIU/AFP via Getty Images

The Weather Channel is promoting the open-ended claim migrants should be allowed to enter the United States if their homelands are damaged by “extreme weather” — and President Joe Biden is eager to say yes.

“Is it the responsibility of the United States to protect migrants who might be fleeing extreme weather in their countries?” meteorologist Stephanie Abrams asked Biden during a very rare and softball interview beside the Grand Canyon.

Biden replied in the August 9 broadcast:

Look, I think the United States should do everything it can to help people who are in desperate need and have no other means of help. And we’ve always done that. It is just who we are. We’re the United States of America … for example, one of the things we’re doing is we’re providing for changing the environment, the physical structures, inthe countries which they come from.

Biden then drifted away from the topic, saying “We’re replacing every single lead pipe in America.”

Business groups want to import poor people into the United States and Europe to serve as consumers, renters, and cheap workers.

One claim is “climate refugees” are being created by climate change, and should be allowed to move into Americans’ society instead of developing their own countries.


“There could be 1.2 billion climate refugees by 2050,” the Swiss-based Zurich Insurance Group Ltd claimed in June 2023:

According to UNHCR, the UN’s refugee agency, an annual average of 21.5 million people were forcibly displaced each year by weather-related events – such as floods, storms, wildfires and extreme temperatures – between 2008 and 2016. This climate migration is expected to surge in coming decades with forecasts from international thinktank the IEP predicting that 1.2 billion people could be displaced globally by 2050 due to climate change and natural disasters.

Business groups also want more migrants because it is easier and safer for them to import poor people than to invest in developing countries. Breitbart News reported in November 2021:

Throughout the 1990s, economists expected investors in wealthy countries to move job-creating investments to the developing world and, thereby, raise billions of people out of poverty, Douglas Holtz-Eakin, president of the GOP-linked American Action Forum, said.

However, “for any number of reasons — inability to enforce contracts, political problems — the capital [in wealthy countries] really didn’t flow that way. It stayed in these [wealthy] countries,” he said during an October 26 online talk organized by far-left public publication DemocracyJournal.org.

But economics does abhor a vacuum, and so “now the [poor] labor is coming for the capital,” via international migration, according to Holtz-Eakin, a pro-migration economist who formerly worked for Sen. John McCain and for President George W. Bush when he was pushing the open-borders “any willing worker” claim.

Biden has already imported at least 6 million migrants for economic purposes in less than three years.

That economic policy has helped investors by inflating real estate prices and reducing Americans’ wages.

Biden’s huge inflow include roughly 2 million legal migrants, 3.5 million illegal and quasi-legal migrants allowed through the southern border, roughly 1.6 million “gotaways” who sneaked over the border, plus hundreds of thousands of migrants who have refused to go home when their legal visas expire.

Migration — and especially, labor migration — is unpopular among GOP and swing voters. A 54 percent majority of Americans say Biden is allowing a southern border invasion, according to an August 2022 poll commissioned by the left-of-center National Public Radio (NPR). The 54 percent “Invasion” majority included 76 percent of Republicans, 46 percent of independents, and even 40 percent of Democrats.


US Economy in ‘Uncharted Waters,’ Fed Staff Warn

August 10, 2023

U.S. Federal Reserve officials are in "uncharted waters" with no clear historical guide as they set monetary policy in an environment with inflation falling but no increase as yet in the unemployment rate, Richmond Fed staff said in a new research note analyzing a central bank rate cycle they deemed "unlike any other."

"The current cycle is the first time over the entire postwar period the [Federal Open Market Committee] has made significant progress in lowering inflation without an associated increase in the unemployment rate," Richmond Fed staffers including senior adviser Pierre-Daniel Sarte wrote in the paper, published Wednesday on the bank's website.

"The current rate episode sees us in uncharted waters," with the Fed facing the largest-ever gap between inflation and the target federal funds rate when officials started tightening monetary policy in March of 2022, and now seeing the unemployment rate remain stable and low despite the fastest increase in interest rates in at least 40 years, the researchers wrote.

Whether that sort of cost-free decline in inflation can continue will be at the center of Fed discussion in coming weeks as policymakers decide whether they have moved interest rates high enough, or whether further rate hikes are needed.

New data released Thursday morning seemed to keep the positive trend intact.

The Consumer Price Index rose at a 3.2 percent annual rate in July, which was a slight increase over June's 3 percent reading.

But underlying price trends showed continued slowing. Once stripped of volatile food and energy costs, the annual "core" CPI fell to 4.7 percent in July from 4.8 percent in June, and much of that was driven by housing costs that Fed officials feel are set to steadily moderate.

Prices on a broad range of goods and services, from airline travel to medical care, declined last month compared to the previous month.

"Disinflationary pressures continued to build," Paul Ashworth, chief North America economist for Capital Economics, wrote in an analysis of the July CPI data.

Excluding housing prices along with food and energy, something the Fed itself has been doing to gauge the breadth of inflation across parts of the economy where officials worried inflation was becoming more rooted, Ashworth calculated the CPI actually fell month to month, and on an annual basis increased just 2.5 percent.

"The Fed is close to meeting its price stability goal," he said. Traders in contracts tied to the Fed's policy interest rate pared bets that the central bank would raise rates again, giving only a one in four chance of another rate increase at any of the Fed's three remaining meetings of 2023.

Whatever the measure, the direction for the Fed so far has been a good one, with inflation as measured by the CPI down from a peak of 9.1 percent in June of last year.

The Fed has raised the federal funds rate 5.25 percentage points since March of last year, with policymakers approving rate increases at 11 of the last 12 meetings in a sequence of actions meant to discourage borrowing and spending, and slow both the economy and the pace of price increases.

Typically, that would be associated with a jump in unemployment as businesses and consumers scale back. Yet the unemployment rate has remained below 4 percent—low for the United States—since February of 2022, and stood at 3.5 percent as of last month.

Fed policymakers have offered different interpretations of why that's happening, from "labor hoarding" among firms scarred by how hard it was to hire during the pandemic, to inflation that may have been driven largely by problems in supply chains that have slowly corrected. Others feel the economy remains slow to adjust to higher interest rates, and that the unemployment rate will ultimately rise before the Fed finishes its inflation fight.

How Fed officials analyze those sorts of nuances will determine whether they follow through with another rate increase at some point this year—the majority view among policymakers as of their latest projections, issued in June -- or decide that the current target interest rate range of between 5.25 percent and 5.5 percent is adequate.

Policymakers have been reluctant to commit. The gap between the last Fed meeting in July and the next one on Sept. 19-20 is an unusually long eight weeks, giving them two full months of data to consider.

As of June, one closely watched measure of prices, the personal consumption expenditures price index excluding food and energy, was still running more than double the Fed's 2 percent target. Only two Fed officials so far have publicly said they feel rates do not need to go higher, with others saying they want the "totality" of the data in hand before making a decision.

Given the unique circumstances, the Richmond Fed researchers noted risks on both sides.

The current Fed "has been uniquely successful thus far in lowering inflation while leaving the unemployment rate at its lowest levels in roughly half a century," they wrote, with the potential that policy tightening so far "may bring about further declines in inflation without a dramatic rise in the unemployment rate. This would be a first in the postwar U.S. economic experience."

Still, "with little guidance from past rate cycles, the FOMC will have to remain vigilant to avoid missing its target should the economy prove more resilient than anticipated."

(Reporting by Howard Schneider; Editing by Andrea Ricci and Christina Fincher)

Published under: Inflation


Inflation is Still Sticky As Consumer Prices Rise 3.2 Percent in July

Federal Reserve Chairman Jerome Powell prepares to testify during the Senate Banking, Housing and Urban Affairs Committee hearing titled "The Semiannual Monetary Policy Report to the Congress," in Dirksen Building on Thursday, June 22, 2023. (Tom Williams/CQ-Roll Call, Inc via Getty Images)
Tom Williams/CQ-Roll Call, Inc via Getty Images

Inflation remained stubbornly high last month, a sign that price increases persist despite a record pace of rate hikes from the Federal Reserve over the past year and a half.

The consumer-price index climbed 3.2 percent in July from a year earlier, the Labor Department said Thursday, up from a three percent annual rise in June. This was the first increase in the annual rate of inflation since June 2022.

Inflation has slowed sharply from the recent peak of 9.1 percent in June 2022, when gasoline prices hit an average of $5 per gallon, food prices soared 10.4 percent, and prices of new cars were up 11.4 percent.

The Federal Reserve says it wants to bring down inflation to its two percent target. Over the past 18 months, it has raised its benchmark interest rate target from a range of zero to 0.25 percent to 5.25 to 5.5 percent, the most rapid series of rate hikes in decades. Fed officials are now considering whether to raise rates again this year. Many investors and analysts think the Fed is ready to end the rate hiking cycle and hold rates steady until the middle of next year, when the Fed is widely expected to begin cutting rates.

Inflation soared after the Biden administration flooded the economy with stimulus spending and the Fed kept rates near zero in 2021 even though the economy was already recovering from the sudden stop due to the pandemic and related restrictions on household and business activity. Even as inflation rose, Biden officials and Fed policymakers insisted price increases would be transitory—a miscalculation that eventually required the Fed to play catch up with inflation that had become much more entrenched after being allowed to accelerate unchecked for a year.

The Biden administration had come to power by promising to remedy what it alleged was the mismanagement of the economy during the pandemic by President Donald Trump, falsely claiming that it inherited an economy in ruins. It passed the misleadingly named American Rescue Act, authorizing trillions in deficit spending, so that it could claim credit for an economic recovery already underway. Last year, the Biden administration pushed for the falsely named Inflation Recovery Act, which authorized even more deficit spending in the near-term while promising deficit reduction years in the future. This likely contributed to inflation’s persistence even as the Fed was working to raise rates in an effort to restore price stability.

Compared with the prior month, the consumer price index rose 0.2 percent in July, unchanged from the 0.2 percent monthly increase recorded in June.

Core prices, a metric that excludes volatile food and energy prices, were up 4.7 percent for the year. On a month-to-month basis, core prices were up 0.2 percent.

Economists had forecast that CPI would rise 0.2 percent for the month and 3.3 percent compared with a year ago. Core prices were expected to be up 0.2 percent month-to-month and 4.8 percent year-over-year.

UPS made massive revenues in the last quarter, financial statement reveals

Take up the fight against the contract and the sellout union bureaucrats by joining the UPS Workers Rank-and-File Committee. To contact the committee, email upsrankandfilecommittee@gmail.com or fill out the form below.

UPS made $22.1 billion in revenue and $2.0 billion in net income in the second quarter, the logistics company announced in its financial statement Tuesday.

UPS trucks outside the Olympic Hub in Los Angeles, California.

These figures show that UPS continues to make record money off of its highly-exploited low-paid workforce, as voting continues on a new sellout tentative agreement. Announced by the Teamsters bureaucracy shortly before the August 1 strike deadline, the contract limits increases to part-time starting pay to $21 an hour and includes below-inflation wage increases for drivers. It also freezes pension contribution increases for workers in much of the country.

The quarterly results were originally due last July but were delayed by nearly a month. The obvious reason for this was to limit the impact that revelations of massive profits would have on the rank and file under conditions where the Teamsters bureaucracy was conducting cynical maneuvers, pledging to strike by August 1 if it did not have a contract by then. This was done to get in front of rank-and-file opposition and prevent it from escaping their control and developing into a full-blown rebellion.

The union bureaucracy is boasting that the new contract includes $30 billion in new money spread out over five years. This must be taken with more than a grain of salt. For the 2018 contract, which was imposed by the bureaucracy after workers voted it down, the Teamsters bureaucracy claimed that their deal created $14.5 billion in new money. But in reality, the company’s total spending on compensation and benefits, including tens of thousands of managers, overseas workers and nonunion employees, increased by little more than $10 billion by the end of 2022.

However, even if this $30 billion figure is taken as granted, UPS makes almost as much as that in revenue in a single quarter. The company’s annual revenues topped $100 billion for the first time last year and net profits surpassed $10 billion, more than double the levels before the pandemic. This has been due to the shift towards online shopping over the last three years, meanwhile the company, with the support of the Teamsters, kept workers on the job without meaningful protections from COVID-19 or even hazard pay, leading to a significant number of deaths.

While remaining at historically high levels, total quarterly revenue fell by about $2.7 billion compared to the same quarter last year and slightly missed analysts expectations of $23 billion (however, adjusted earnings per share beat Wall Street’s forecasts). Operating profit year-on-year also declined from $513 to $295 million in its supply chains solutions business.

Some of this was due to a diversion of some volume as customers sought to avoid the impact of a potential strike at the company. But UPS has also reduced its forecast for the rest of the year slightly, due to a slight shift away from online shopping now that all limits on the spread of COVID have been removed. That is already leading to a major new surge of the pandemic, according to wastewater treatment data, although exact figures are unavailable because the Biden administration discontinued its tracking of cases.

Nevertheless, the company will continue shoveling massive amounts of money to its shareholders. It intends to move forward with its previous plans to pay out $5.4 billion in dividends and $3 billion in share buybacks by the end of the year. This $8.4 billion in payments to investors amounts to nearly $25,000 for each of its 340,000 unionized workers in the United States. Many part-time workers, for whom starting pay is currently as low as $15.50 an hour and who work shifts lasting three or four hours, do not even make that much in a year.

UPS’ stock price dropped little more than 1 percent on the news. At the close of trading, shares were trading at $180.55, around 55 percent above the level in January 2020.

According to UPS, the new contract, if ratified, will cut into its profits, but only slightly. The company forecasts its profit margin this year will be 1 percent lower than previously estimated, in part due to the contract. By comparison, the company’s adjusted consolidated operating margin was 13.2 percent last quarter.

The financial report exposes the lie from the Teamsters bureaucracy that the contract is “historic.” In reality, it maintains a highly-exploited workforce whose conditions would not change substantially over the next five years. $21 an hour, in fact, is so low that many workers already make this due to regional Market Rate Adjustment (MRA) pay increases the company implemented to attract and retain workers. The status of their wages under the new contract is uncertain due to highly vague language.

Young UPS workers at Worldport facility

“We can’t keep making ‘record breaking’ profit every year after year. Someone’s being exploited if you’re making [hundreds of millions in profit], and your employees are fighting to make $21,” one UPS worker said.

“As someone who had gotten an MRA, then had it taken away from me [after being switched from part-time to full-time], to see part-time employees and full-time drivers have it supposedly written and signed that they get to keep theirs, plus general wage increases is frustrating,” In fact, while the union is claiming workers will not have their MRAs reduced to offset pay increases, this is far from certain. “We feel like we’ve been left behind and forgotten again. So much for ‘leave no man behind.’ So much for ‘no concessions.’”

In response to the quarterly financial results, a member of the UPS Worker Rank-and-File Committee, which is organizing workers to fight against the corrupt Teamsters bureaucracy, had this to say:

“This is a call to action. The decision before us is monumental. It sets the course of our lives for the next five years. We know what’s on the table, but not what lies ahead. We have persevered through 20-plus years of sellouts. This is no different, they are just playing with numbers.

“They say that this is the largest contract ever. Well, no wonder! We have 70,000 more workers and online shopping continues to increase every year. It will continue to do so. The economy might tighten up for a time, but the trend will continue to change the landscape of global trade in regards to the retail space. In other words, we are in a good position to win major increases!

“Now is our time to reap the fruits of our labor. To be compensated, to be rewarded. We did our job and we delivered to the whole world. It’s time we deliver to ourselves and to our families. They walked through it with us!

“Never take the first deal and beware of the consensus that endorses it! If they [the bureaucracy] won’t stand up, then we will! The time is now. The time is ours. The time has come. Without us, the whole world stops spinning. Remember that. The real strength lies in our numbers. Not theirs.”


A Modest Proposal to Defeat the Political Class

It’s time for a do-over.

Like you, I am tired of unkept promises and rampant special interests.  Faith in government has never been lower.  Patriotism is in short supply.  I hear a countdown clock ticking off the remaining days of our grand experiment before it becomes ancient history.

Our political process has had the pungent stench of partisanship and self-dealing for too long.  From the Chicago political machine to the White House Plumbers, from election shenanigans to measures undertaken in the name of a Covid-19 “emergency,” most Americans realize our political processes have been corrupted.  Marxist policies and progressivism are layered over our old politics, further suppressing two of the most important identities Americans, regardless of political beliefs, have historically had in common—a strong sense of national unity, and a belief in the sacredness of the election process.  (The death of free and fair elections comes with endless long voting).

Can’t we all agree that it is in our national interest to count the vote on election day?  Who could be against that?  (Massive voting by mail could be tied to the undoing of our country.)  If they have nothing to hide, then why not fix this unnecessary and divisive fear for millions of us for the sake of national unity? This is the nexus for many conservatives who rightfully don’t trust Democrat marionettes, because we know there’s a puppet master behind the curtain.

But what are we going to do about our conclusions?  Nothing?  So where’s the deterrence for the next time, by another enemy?  Mass murderers and those that deliberately weaken our country must face the consequences.  Bidenomics is a sham; who is going to call him out on it?  The MSM?

As previously discussed, the government no longer exists to serve we, the people, but rather itself.  Unfortunately, the fox runs the hen house in D.C.  So, as an American Thinker, I present to you a modest proposal: Let’s dump the Deep State.  Let’s gut it and save our Republic.  Such dramatic action would signal to all Americans that we have an irreconcilable crisis requiring drastic measures to fix. But how?

First, a couple of quick facts should remind us that America isn’t quite so familiar anymore, and there are American subversives afoot:

  • About seven million people have died globally from Covid-19, with almost 700 million more sickened.  Given the broad debate on the origins of Covid, it grows increasingly clearer that the Wuhan Lab, and the Chinese military with support from our own country, are complicit.

  • The American middle class shrank due to government policies following the takeover of the economy during the pandemic era.  This is entirely different than the issue of the disease itself and flies in the face of Biden’s claim that Bidenomics triumph—nearly half of Americans would have trouble coming up with $500 for an emergency.

On an average day, about 140 people die in the U.S. from fentanyl, more than from any other drug in history.  Not limited to viral agents, China is also a culprit behind our fentanyl crisis.  Precursor chemicals are made in China and sent to Mexican labs to be manufactured into fentanyl.  The penalty for manufacturing and distributing most illicit drugs in China is death, while here, you get a clean needle or a shot of Narcan.  China exports this killer to America to disrupt and distract our country.  Secretary of State Antony Blinken, engaging in meaningless negotiations with China and somehow expecting our enemy to change its ways, is another symptom of our weakness.  How many ministerial-level Chinese have ventured here, compared to the wave of high-level officials we have dispatched, hats in hand?  Isn’t it obvious our strategy is wrong?

The Civil War saw “only” 500,000 dead.  But, because it was a virus this time, we seem to treat this differently.  Covid-19 was likely weaponized.  Whether through accident or intent, it was an attack on our country.  Try to prove me wrong.  You can’t.  Why?  The Chinese won’t cooperate.  In a civil trial, you only have to prove that the preponderance of evidence would make a reasonable person believe the assertion was true.  I think we have exceeded that bar in the Covid-19 contention.  China is responsible, just as President Trump stated.

Our government’s now almost complete control of our economy has led to the introduction of initiatives impossible without the extraordinary power it granted itself during the still ongoing pandemic emergency that unofficially continues.  Unprecedented concepts such as the Green New Deal encompass everything from energy, population control, transfers of wealth, universal government, and even more Wokeness (if you can believe it).  Through the coercion of financial institutions, major corporations, and local governments, and the initiation of a selected winners-and-losers economy have reordered our country without anyone voting to do so.  We’ve seemingly been overthrown in a bloodless revolution.  How many truly understand this?  Worse, how many care enough to take ownership over the state of the nation?

Perhaps the most significant limitation any free country has is the ability to efficiently and reliably share an understanding of what’s true and what’s not.  Our country is confused on a fundamental level as this or that authoritative-sounding person or group uses highly scripted and tested language to influence you to adopt their position.  Freedom of speech is under attack in a manner and means few can fully comprehend.  We must understand who is behind that speech, particularly when the government is said to be the assailant.

The answer is decentralization. 

Why not move large parts of the government out of Washington, D.C.?  We should demand from our federal legislators that entire departments be disbanded, such as the Department of Education, which interferes with how states decide to educate your children.  We outgrew Washington, D.C., years ago—250 years of the Potomac two-step has mainly delivered a better-paid political class that considers itself superior to the rest of us.  Mockingjay anyone?

Technology has eliminated the need for centralized government.  Although many nominally work in D.C., many are still at home.  That is all the proof you need.  Time to spread around some of the largesse of working for the U.S. Career Civil Service, where the average employee makes $117,228 a year!  That’s more money than the average entrepreneur earns who takes on risk and invests hard work, all without guarantees.  Yet, many (not all) federal workers take their jobs as a right.

The numbers are overwhelming: 364,000 federal employees “work” in the District of Columbia.  Hundreds of thousands more lawyers, lobbyists, contractors, and others there aim to figure out how to game the system in a client’s favor; frequently successfully!

Countless minds have attempted to figure out how to undo this abomination, and yet, here we are.  But, things can be done to limit federal influence, and that starts with decentralization, just as the Founders envisioned.  Restricting the revolving door arrangement between government and the bureaucratic political employment that fosters out-of-control spending and minimizes the value we receive for our money, must happen.

There’s nothing more powerful than an idea whose time has come.  What’s your favorite way to save the Republic?

God Bless America!

Allan J. Feifer—Patriot, Author, Businessman, and Thinker.  Read more about Allan, his background, and his ideas to create a better tomorrow at www.1plus1equals2.com.

Image: Free image, Pixabay license, no attribution required.


Federal Data Shows 2 Million+ Foreign Grads in U.S. White-Collar Jobs

graduation
AP Photo/Mel Evans

President Joe Biden’s deputies are hiding a huge and growing population of at least 2 million foreign white-collar contract workers in the U.S. jobs needed by U.S. graduates and their families.

“Americans should be outraged that the federal government is not disclosing the number of long-term, so-called ‘temporary’ workers who are here,” Jessica Vaughn, policy director at the Center for Immigration Studies, told Breitbart News. She continued:

It almost seems as if the government’s actually trying to hide it from the public because these statistics are reported in such an opaque way and some of these numbers are never reported. You have to resort to detective work to figure out how many foreign workers are actually here.

The laws, regulations, and loopholes effectively allow U.S. companies to import are many foreign white-collar workers as they want, for as long as they want. This reality means that CEOs can easily import more foreign workers to prevent any rise in U.S. salaries.

For example, the U.S. economy is shedding white-collar jobs, but lobbyists and journalists are pushing “labor shortage” claims for new jobs in government-funded chip factories in the Midwest. So far, Republican senators have blocked industry efforts to expand the flow of foreign workers into those factories.

The State Department’s incomplete data reviewed by Breitbart News shows a population of at least 1.5 million foreign workers in U.S. white-collar jobs. That huge population is the output from almost two years of American business, healthcare, and STEM graduates, and it allows major U.S. investors to hold down salaries and minimize the ability of U.S. graduates to enforce professional standards for quality and security.

“We have seen how it dilutes the clout of American workers because employers will either replace Americans who are doing certain kinds of work… and they can threaten to do so,” Vaughan said, adding:

It puts them in a weaker position with respect to their employment because they become afraid to complain because they don’t want to be replaced, right?  They just shut up and keep their nose down.

The huge inflow also skews the geography of wealth, she said. The foreign workers “are not evenly scattered across the economy,” Vaughan said. “They’re concentrated in certain sectors that have figured out how to manipulate the visa system — technology, physical therapy, accounting … [and] university science,” she said.

The inflow has also helped suppress the salaries of U.S. college graduates since the 1970s. For example, the inflation-adjusted hourly salary earned by U.S. graduates of four-year colleges has inched up from $32.21 in 1990 to $41.60 in 2022, according to the Economic Policy Institute. That’s an annual growth of just 0.9 percent, even as the cost of housing, education, and healthcare have climbed far faster.

Bloomberg.com reported in January:

In 2022, median annual pay was $52,000 for Americans with a bachelor’s degree, according to data released by the New York Federal Reserve Friday. That’s a 7.4% decline in inflation-adjusted terms — the steepest plunge since 2004, erasing nearly all of the pandemic-era gains. It was sharpest for those earning the most.

Starting salaries for U.S. computer experts are also falling, the National Association of Colleges and Employers reported in February: “The average starting salary for bachelor’s degree graduates studying computer science is expected to fall by 4.0% compared to a year ago.”

Most visa workers will work for lower salaries than American graduates. That is rational because any job in the United States is often better than a decent job in their home country. Moreover, CEOs know they can dangle the government subsidy of green cards and citizenship — easily worth $1 million — to extract the long hours of labor that they cannot extract from American graduates.

The hidden army of foreign white-collar workers mostly threatens new American graduates. The Wall Street Journal reported in March:

Jim Fish, chief executive of Waste Management Inc., described the situation this way: “We can’t hire a truck driver to drive a trash truck for $90,000 in Houston, Texas, but I can hire an M.B.A. from a small school for $60,000, and I can get them all day long.”

National Center for Education Statistics

The salaries lost by U.S. graduates have been mostly diverted to profits and stock values. For example, a group of economists estimated in 2021 that President Donald Trump’s short-lived 2020 curbs on corporate use of additional H-1B contract workers nicked the stock market value of Fortune 500 companies “by about 0.45% — representing a total loss of around $100 billion.”

Roughly 30 million Americans hold jobs in the healthcare, computer, engineering, science, or financial sectors. Many of these American professionals are swing voters, yet few politicians talk about the visa worker programs that take their wealth, careers, and jobs. Presidnet Joe Biden’s “approval among college grads slipped to 48%-42% in July from 52%-40% in June and 55%-37% in May,” Investors.com reported in July.

Numbers

The scale of the white-collar workforce inflow in 2022 is revealed by a State Department document. The document shows the number of 2022 work visas awarded to many categories of foreign graduates.

Breitbart News added the annual inflow of uncapped E-2H-1B, H4, J-1L-1,  O-1, and TN visas, to show roughly 543,000 arrivals in 2022.

Most white-collar arrivals are allowed to stay and work for several years. For example, H-1B graduates can stay for three years, so the total number of working H-1Bs in the United States should be about 550.000. The E-2 managers can stay for five years, so the 2022 inflow of 50,000 arrivals suggests a resident population of 225,000. The L-1 visas can stay up to years, prompting a 2021 population of an estimated of almost 340,000 workers.

Overall, the 543,000 arrivals in 2022 suggest a resident population of 1.5 million white-collar workers, not counting the workers’ spouses and children, and not counting the many workers who have converted their temporary visas into green cards.

But many temporary workers can stay forever once their employers file a request for a green card. This wait-and-work population of visa workers has reached 700,000, according to a 2022 report by the pro-migration Cato Institute.

The State Department, however, does not manage the Optional Practical Training or the Curricular Practical Training work programs. In 2022, those two programs provided work permits to an additional workforce of roughly 350,000 foreign graduates, including many working in Fortune 500 jobs. Many additional students take jobs within universities, such as in university laboratories.

The data also excludes the inflow of TN workers from Canada. This loophole allows Canadians — including recent immigrants — to get approval at the U.S. border to take a wide variety of jobs via a little-recognized section of the NAFTA treaty.

The department’s data also excludes the number of migrants who take white-collar jobs after overstaying their visas. Those numbers are difficult to track because the federal data does not hide white-collar overstays from blue-collar overstays. But the 2022 overstay report shows that officials allowed 50,000 foreign graduates and short-term workers in 2022 — such as H-1Bs workers — to overstay their visas.

The State Department also does not track the number of people who take white-collar jobs after arriving with B-1/B-2 visitor visas.

However, Breitbart News has learned from U.S. professionals and from Indian visa workers that many Indian graduates enter as tourists to get jobs in the layers of subcontractors working for Fortune 500 companies. Top officials at the Department of Homeland Security largely ignore this large population of white-collar illegals, even when their employers are exposed.

City Journal reported in May 2023:

Customs and Border Protection (CBP) officers authorize most foreign tourists who arrive with B1/B2 visas for a six-month stay, and some can legally extend their stays for up to 18 months. They can’t work legally, but many work anyway …

It’s also legal for foreign “tourists” to come here and interview for jobs. If they find one, their employer can file an adjustment-of-visa-status request for them. The bottom line is that the U.S. is likely the only Western country where one can arrive as a tourist and never go home—all legally.

Many companies, particularly those that can’t capture as many H-1B visas as they want, send employees here with B1/B2 visas, claiming that they’re here for training when in fact they work here. The government doesn’t have the manpower to investigate what foreign employees on B1/B2 visas actually do when they set foot in offices.

President Joe Biden’s border chief, Alejandro Mayorkas, has tried to grow the population of foreign white-collar contract workers. For example, he expanded the J-1 program to let companies — not just universities — employ J-1 visa workers.

He has also twice expanded the OPT program to let companies hire foreign child psychologists, landscapers, accountants, and many other categories of white-collar workers.

He accelerated the award of work permits to the spouses of L-1 white-collar workers and E-2 managers. Many of the beneficiaries then take white-collar jobs alongside their spouses but are not included in the state department’s account.

Mayorkas also discarded the 2020 reforms of the H-1B program that would have opened up more starter jobs to American graduates.

The vast majority of the imported white-collar visa workers are lower-skilled migrants who are slotted into the career-starter jobs needed by young U.S. graduates. In many cases, foreign workers use the Internet to hire very cheap home-country experts who can do their daily workload in the United States — even when they are working with private data.

Without starter jobs, many American graduates are sidelined into lower-pay, low-promotion jobs while foreign workers are promoted via kickbacks and ethnic hiring networks. For example, a 2021 study by the Census Bureau reported:

The vast majority (62%) of college-educated workers who majored in a STEM [science, technology, engineering and math] field were employed in non-STEM fields such as non-STEM management, law, education, social work, accounting or counseling. In addition, 10% of STEM college graduates worked in STEM-related occupations such as health care.

The path to STEM jobs for non-STEM majors was narrow. Only a few STEM-related majors (7%) and non-STEM majors (6%) ultimately ended up in STEM occupations.

Some of the OPT and J-1 white-collar workers do not take jobs, or get sidetracked into menial jobs, such as in a dog-food factory.

The total inflow of blue-collar visa workers is also huge — and even more difficult to track.

They arrive via the H-2B seasonal program for about 120,000 workers, the uncapped H-2A program for agriculture workers, and the J-1 program for seasonal workers.

Many white-collar E-2 foreign managers also import blue-collar workers via various illegal routes. These home-country illegal workers allow the E-2 managers to profitably operate their franchise hotels, 7-Eleven stores, and other retail outlets — while also paying high franchise fees to the investor-owned companies that own the brand names.

Worse, the State Department data shows about 1.2 million active “border crossing cards.” They allow people who live in Mexico to work in U.S. jobs within 75 miles of the border. In 2020 Reuters reported:

While such B1/B2 “border crossing cards” are officially recreational, Reuters spoke to nearly two dozen residents of Tijuana, Nogales and Ciudad Juarez who use their cards to reach jobs or to care for relatives on the U.S. side of the frontier.

All said they could no longer make the crossing, dealing another blow to businesses already suffering from shutdowns on the U.S. side of the border, including vital industries like agriculture.

“I don’t know what I’m going to do without money. I’m just waiting for a miracle,” said 28-year-old Rosario Cruz, a mother of two young children who works for a cleaning company that subcontracts with major retailers in California.

“We have no idea how those cards are being used because [the government] doesn’t track them,” said Vaughan.

Extraction Migration

The federal government has long operated an unpopular economic policy of Extraction Migration. This colonialism-like policy extracts vast amounts of human resources from needy countries, reduces beneficial trade, and uses the imported workers, renters, and consumers to grow Wall Street and the economy.

The migrant inflow has successfully forced down Americans’ wages and also boosted rents and housing prices. The inflow has also pushed many native-born Americans out of careers in a wide variety of business sectors and contributed to the rising death rate of poor Americans.

The lethal policy also sucks jobs and wealth from heartland states by subsidizing coastal investors with a flood of low-wage workers, high-occupancy renters, and government-aided consumers.

The population inflow also reduces the political clout of native-born Americans, because the population replacement allows elites and the establishment to divorce themselves from the needs and interests of ordinary Americans.

In many speeches, border chief Alejandro Mayorkas says he is building a mass migration system to deliver workers to wealthy employers and investors and “equity” to poor foreigners. The nation’s border laws are subordinate to elite opinion about “the values of our country” Mayorkas claims.

Migration — and especially, labor migration — is unpopular among swing voters. A 54 percent majority of Americans say Biden is allowing a southern border invasion, according to an August 2022 poll commissioned by the left-of-center National Public Radio (NPR). The 54 percent “invasion” majority included 76 percent of Republicans, 46 percent of independents, and even 40 percent of Democrats.


Analysis conducted last year reveal that 71 percent of tech workers in Silicon Valley are foreign-born, while the tech industry in the San Francisco, Oakland, and Hayward area is made up of 50 percent foreign-born tech workers.

Despite his Wall Street, big business, Big Tech, and billionaire donations, Biden has attempted to portray himself as a small-town fighter from Scranton, Pennsylvania

By failures of border security, a lack of the enforcement of our immigration laws from within  the interior of the United States and huge numbers of visas for high tech workers, the lives and livelihoods of Americans and their children, are being stolen by America’s corrupt political elite who are doing the bidding of those who provide them with huge “Campaign Contributions” (Orwellian euphemism for bribes) pursue legislation that is diametrically opposed to the best interests of America and Americans.

                                                       MICHAEL CUTLER


NLRB Complaint: Google and Accenture Violated Labor Laws by Laying Off Contractors Who Voted to Unionize

Sundar Pichai, senior vice president of Chrome, speaks at Google's annual developer conference, Google I/O, in San Francisco on 28 June 2012
KIMIHIRO HOSHINO/AFP/GettyImages

Google parent company Alphabet and Accenture are facing allegations of violating labor laws, after about 80 Google Help subcontractors who recently voted to unionize were laid off. The workers have filed a complaint with the National Labor Relations Board (NLRB) that claims the layoffs were in retaliation for the union vote.

Engadget reports that around 80 Google Help subcontractors who recently voted to unionize were fired, prompting accusations that Alphabet and Accenture violated labor laws. The Alphabet Workers Union-Communications Workers of America (AWU-CWA) has filed a complaint with the NLRB, claiming the layoffs are retaliatory and in violation of labor laws.

Google walkout protest

Google walkout protest (Bryan R. Smith/Getty)

“When my coworkers and I announced our union with overwhelming support, Google and Accenture management refused to acknowledge us,” said general writer at Accenture and Google, Anjail Muhammad. “A few short weeks later they announced their response — that they would be laying off dozens of employees. These jobs aren’t going away though, we’re just being asked to train our replacements abroad.”

The team, primarily involved in content creation, will be reduced from 130 people to around 40. They were reportedly instructed to train replacements working from India and the Philippines.

Alphabet’s response to the situation has been to distance itself from the issue, stating that “Google does not control [the contractor’s] employment terms or working conditions” and that the situation was “a matter between them and their employer, Accenture.” The company further added that the layoffs were for savings and efficiency and no other reason, and that it “chooses its partners and staffing agencies carefully and reviews their compliance with its Supplier Code of Conduct.”

The situation has raised significant questions about the rights and protections of contract workers, especially in the tech industry, where the majority of Google’s employees have been contractors since 2018.

“We had exercised our right to organize as members of the Alphabet Workers Union-CWA in order to bring both Google and Accenture, a Google subcontractor, to the bargaining table to negotiate on several key demands, including layoff protections,” said senior writer and union member Julia Nagatsu Granstrom.

“If it’s Accenture and Google’s goal to demoralize us, they have failed,” said Casey Padron, a general writer on the team scheduled to lose her job in August. “We are more united than ever and will continue to fight for this job that so many of us love and rely on.”

Read more at Engadget here.

Lucas Nolan is a reporter for Breitbart News covering issues of free speech and online censorship. Follow him on Twitter @LucasNolan


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