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calendar   Saturday - December 20, 2014

Foreigner Workforce

Jobses? You don need no steenkin jobses!

As Obama issues work permits to millions south of the border, foreigners are now 20% of our labor force. Meanwhile Americans, young, middle aged, and old, can go hang

Fewer US-Born Americans Have Jobs Now Than In 2007

Fewer Americans born in the U.S. have jobs now than were employed to November 2007, despite a working-age population growth of 11 million.

The amazing drop in employment highlights President Barack Obama’s slow recovery from the deep 2008 shock, but also spotlights many companies’ growing reliance on foreign migrant labor. [ ie the new slavery ]

Almost one in every two jobs added since 2009 have gone to foreign-born workers.

Nearly half the new jobs added (or saved!) under Obama have gone to outsiders. Nearly half.

The influx of foreign workers includes many foreign graduates. Their arrival is forcing many debt-burdened Americans graduates to start their careers in lower-wage jobs. Those American graduates will be stuck with lower wages for many years unless employers face a shortage of workers in the next few years.
...
White House officials have tried to argue that the inflow of foreign labor will boost productivity and create opportunities for American workers.

On Nov. 20, President Barack Obama announced he would provide work permits to five million illegal immigrants in the United States.

In the past, Obama has admitted that migrant workers threaten wages for lower-skilled Americans, including African-Americans.

Obama has also offered work permits to at least 50,000 Central American migrants who crossed the border in 2014 and to 110,000 Haitian immigrants.

Since 2012, Obama has also given work permits to 600,000 younger illegals, under the so-called “DACA” program.

Obama has also offered work permits to 100,000 additional guest workers and he announced Nov. 20 that he would increase the inflow of university trained guest workers for jobs sought by Americans graduates.

The only way to get America working again is to get Americans working again. I’m pretty tired of hearing this “jobs Americans won’t do” BS, because it’s only half true: no, they won’t do these jobs for illegally low wages. Pay at least a legal wage and see what happens. At the other end is the other canard, the “Americans don’t have the skills we want” which is complete and total horse manure, another half truth: No, they don’t have the skills you want, at the very low rate you’re willing to pay. And, because they are citizens and not H1-B visa holders, they can quit your crappy job and go somewhere else if working for you really sucks. Foreign workers can’t do that. If they quit, they get sent home (well, in theory anyway). So they’re stuck. No matter how much you abuse them. That ain’t right.

We need to shift the investor view back to seeing the value of a company in what they produce, how well they are run, and where they’re poised to go, instead of merely looking at how much they’re returning per share this quarter. We need to take the long view.


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Posted by Drew458   United States  on 12/20/2014 at 03:37 PM   
Filed Under: • Economics •  
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