70% OF SILICON VALEY'S TECH WORKERS ARE FOREIGNERS. PRIMARLU INDIANS. IT'S AL ABOUT KEEPING WAGES DEPRESSED AND DOUBLING THE WEALTH OF THE BILLIONAIRE CLASS. GOOGLE IT!
This is because despite all its declarations, the Democratic Party is not a party of workers. It, as Biden’s transition team attests, is a party of Wall Street, big banks, Amazon, and the military-industrial complex.
LAYOFFS IN TECH INCREASED 390% from a year ago - The housing market will likely be impacted
Report: Big Tech Corporations Continue Hiring Foreign H-1B Visa Workers After Mass Layoffs of Americans
The nation’s biggest tech conglomerates continued hiring foreign workers through the H-1B visa program, even as they carried out mass layoffs of American employees, investigative reporter Lee Fang details.
Since the start of the year, hundreds of thousands of Americans in tech jobs have been laid off, with about 12,000 cut at Google, 10,000 out at Microsoft, close to 20,000 laid off at Amazon, and 10,000 cut from Meta Platforms which owns Facebook and Instagram.
Just weeks after announcing such layoffs, though, the same tech corporations continued hiring foreign workers on the H-1B visa program — known as the “outsourcing visa” to many Americans.
Silicon Valley’s biggest tech corporations are continuing mass layoffs in the U.S., even as they import more than 34,000 foreign H-1B visa workers to take coveted white-collar jobs in STEM fields, new analysis shows. https://t.co/tfbWMag418
— Breitbart News (@BreitbartNews) April 12, 2023
Lee Fang, formerly of The Intercept, reports:
Sundar Pichai, the chief executive of Google, wrote a solemn letter in January, announcing his company’s decision to lay off 12,000 employees. [Emphasis added]
…
Just one month later, Pichai’s firm filed applications for low-paid foreign workers to come to America and take highly specialized tech jobs. Google filed dozens of applications for foreign workers to serve as software engineers, analytical consultants, user experience researchers, and other roles. Waymo, the self-driving car company owned by Google, also filed and received visa applications for engineering jobs. Many of the Google visas are for new employees, with some starting as soon as August 17th. [Emphasis added]
Newly disclosed data released yesterday by the Department of Labor shows thousands of recent H1-B foreign worker visas requested by firms that just underwent massive layoffs this year, including Facebook/Meta Platforms, Amazon, Zoom, Salesforce, Microsoft, and Palantir.
[Emphasis added]
That newly published data from Lee Fang matches similar research conducted by the Economic Policy Institute (EPI), detailed by Breitbart News last month, which found that the top 30 tech corporations had announced a combined 85,000 layoffs while at the same time importing nearly 35,000 foreign H-1B visa workers to take coveted white-collar American jobs.
For years, Breitbart News has chronicled the abuses against white-collar American professionals as a result of the H-1B visa program. There are about 650,000 H-1B visa foreign workers in the U.S. at any given moment. Americans are often laid off in the process and forced to train their foreign replacements, as highlighted by Breitbart News.
“Rather than turning to the H-1B program as a last resort when U.S. workers cannot be found, most employers hire H-1B workers because they can be underpaid and are de facto indentured to the employer,” EPI researchers Daniel Costa and Ron Hira write.
“This is evidenced by government data showing that technology companies continue to hire H-1B workers in large numbers while significantly reducing the sizes of their workforces,” they continue.
The H-1B visa program has caught scrutiny from Republicans for years, though not much has been done to eliminate outsourcing from corporations.
While president in 2020, for example, Donald Trump enacted reforms to require companies seeking foreign H-1B visa workers to offer the highest salaries possible and also saved a number of Americans’ jobs at the Tennessee Valley Authority (TVA) from being outsourced to foreign H-1B visa workers.
Trump is currently the frontrunner in the GOP presidential primary race.
Likewise, Gov. Ron DeSantis (R), who announced his presidential candidacy this month, has criticized the H-1B visa program for its favoritism to multinational corporations against white-collar American professionals.
“… if there’s legal immigration that’s harming Americans, we shouldn’t do that either,” DeSantis said during a press conference this month. “For example, some of these H-1B visas, they would fire American tech workers and hire foreigners at lower wages. I don’t agree with that. I think that’s wrong.”
Rep. Jim Banks (R-IN), running for the United States Senate in Indiana, previously put forth a blueprint for reforming the H-1B visa program — many provisions of which were backed by former Sen. Jeff Sessions (R-AL) when he served as a ranking member of the Senate Judiciary Committee.
The Banks bill would set a wage floor of $110,000 that companies would have to offer foreign H-1B visa workers or pay hires the same salary currently being paid to Americans doing the same job. Companies offering the highest salaries would be prioritized in the process.
Similarly, companies would be greatly limited in contracting with so-called “body shops” to replace their American employees with imported foreign H-1B visa workers under the Banks legislation.
RELATED: Fired Software Creators Have to Train H-1B Workers Replacing Them on How to Use Their Softwares, Says Tennessee Valley Authority Employee
Matt Perdie / Breitbart NewsJohn Binder is a reporter for Breitbart News. Email him at jbinder@breitbart.com. Follow him on Twitter here.
Profits of Doom: Globalist Elites Doubled Their Wealth During Coronavirus Pandemic
As the world was buffeted by a coronavirus tsunami leaving forced lockdowns, supply-chain problems, economic upheaval, and poverty in its wake, globalist financial elites “have had a terrific pandemic” according to a report released Monday.
The world’s 10 richest men have more than doubled their fortunes to $1.9 trillion, at a rate of $1.6 billion a day, over the past 12 months, proving elites have largely been spared the misery and financial ruin inflicted on so many by endless enforced lockdowns.
A confederation of charities that focus on alleviating global poverty, Oxfam said members of the globalist financial elites saw their wealth rose more during the pandemic more than it did the previous 14 years, when the world economy was suffering the worst recession since the Wall Street Crash of 1929.
These are some of the main points from Oxfam’s latest report, Inequality Kills, which has been released as global business leaders meet virtually this week for the World Economic Forum (WEF) in Davos, Switzerland.
“We have a situation where 10 men hold more wealth than that of two-thirds of humanity,” Lyn Morgain, chief executive of Oxfam Australia, told Australia’s ABC news outlet.
“Not only that, but that bottom 40 percent are hanging on by a thread.”
The report highlights what the charity says are “unprecedented” levels of global inequality as coronavirus sharpens the divide between “us and them,” the “haves and have nots.”
Jeff Bezos speaks about his flight on Blue Origin’s New Shepard into space during a press conference on July 20, 2021 in Van Horn, Texas. (Joe Raedle/Getty Images)
Meanwhile the likes of Tesla co-founder Elon Musk, Amazon’s Jeff Bezos, and Facebook’s Mark Zuckerberg, enjoyed the greatest year-on-year growth since records began, the report outlined.
At a time when a group of these men were using their riches to rocket into outer space, the charity said, the World Bank had projected that more than 160 million people had been pushed into poverty.
In all, 20 new “pandemic billionaires” have also been created in Asia thanks to the international response to coronavirus, according to the charity.
Forbes listed the world’s 10 richest men as: Tesla and SpaceX chief Elon Musk, Amazon’s Jeff Bezos, Google founders Larry Page and Sergey Brin, Facebook’s Mark Zuckerberg, former Microsoft CEOs Bill Gates and Steve Ballmer, former Oracle CEO Larry Ellison, U.S. investor Warren Buffet and the head of the French luxury group LVMH, Bernard Arnault.
The Oxfam report follows a December 2021 study by the group which found that the share of global wealth of the world’s richest people soared at a record pace during the pandemic.
Analysis: Joe Biden’s ‘Build Back Better’ Would Make the Rich Even Richer
President Joe Biden’s “Build Back Better Act” is set to give a tax cut to about 67 percent of the nation’s richest Americans — those earning more than $885,000 every year.
A new analysis from the Committee for a Responsible Federal Budget reveals that the filibuster-proof reconciliation package will give a tax cut to two-thirds of the top one percent of earners even as the top one percent now hold more wealth than the entire American middle class.
“This is true despite the fact that Build Back Better would raise taxes substantially for the extremely rich (mainly those making over $10 million per year),” the analysis states.
In effect, those in the top one percent would receive an average tax cut of more than $16,000 in 2022 under Biden’s plan. The tax cuts for the wealthy would be a result of the plan’s increasing the State and Local Tax (SALT) deduction cap.
As Breitbart News has reported, the plan amounts to a $625 billion tax cut for the wealthiest of Americans living primarily in blue states.
(Chart via Committee for a Responsible Federal Budget)
“In other words, the largest tax cuts in dollars in Build Back Better would go to households in the top five percent and especially the top one percent,” the analysis continues. “Many make millions of dollars of annual income and tens of millions of dollars in assets.”President Joe Biden’s “Build Back Better Act” is set to give a tax cut to about 67 percent of the nation’s richest Americans — those earning more than $885,000 every year.
A new analysis from the Committee for a Responsible Federal Budget reveals that the filibuster-proof reconciliation package will give a tax cut to two-thirds of the top one percent of earners even as the top one percent now hold more wealth than the entire American middle class.
“This is true despite the fact that Build Back Better would raise taxes substantially for the extremely rich (mainly those making over $10 million per year),” the analysis states.
In effect, those in the top one percent would receive an average tax cut of more than $16,000 in 2022 under Biden’s plan. The tax cuts for the wealthy would be a result of the plan’s increasing the State and Local Tax (SALT) deduction cap.
As Breitbart News has reported, the plan amounts to a $625 billion tax cut for the wealthiest of Americans living primarily in blue states.
At the same time, Biden’s plan would squeeze an extra $200 billion out of American taxpayers by mostly targeting working and middle class earners with more Internal Revenue Services (IRS) audits.
The plan ensures nearly 600,000 more working and middle class Americans earning $75,000 or less a year would be audited by the IRS. Of those new IRS audits, more than 313,000 would target the poorest of Americans who earn $25,000 or less a year.
Biden’s “Build Back Better Act” has already passed the House, thanks entirely to Democrat support, and now awaits scrutiny in the United States Senate.
In 2017, former President Trump had the SALT deduction capped at $10,000. Since then, Democrats have sought to deliver their wealthy, blue state donors with a massive tax cut by eliminating the cap altogether or greatly increasing it.
Biden, for instance, had sought to include tax cuts for his billionaire donors in a Chinese coronavirus relief package earlier this year. The plan was ultimately cut from the package. House Speaker Nancy Pelosi (D-CA), in May 2020, also tried to include the plan in a coronavirus relief package.
John Binder is a reporter for Breitbart News. Email him at jbinder@breitbart.com. Follow him on Twitter here.
