2014 March 16 Sunday
Capitalists Like H1B Visa Holders As Indentured Servants

Read this.

Nothing surprising.

Share |      By Randall Parker at 2014 March 16 10:19 PM 


Comments
Black Death said at March 17, 2014 8:29 AM:

Regarding the immigration "reform" bill (S.744), Edwin S. Rubenstein says:

So for native-born Americans, the primary impact of S.744 will be an enormous transfer of wealth from workers to their employers and other wealthy individuals who hire immigrants a.k.a. Facebook’s Mark Zuckerberg.

....

Also from Rubenstein, here's some unemployment data for recent US STEM graduates:

Information systems 11.7%
Mechanical engineering 8.6%
General science 8.2%
Biology 7.7%
Computer science 7.4%
Business 7.4%
Chemistry 6.6%
Healthcare 5.4%

....

The whole H-1B/immigration scam is nothing but a giant wealth transfer from labor to rich capitalists like Mark Zukerberg (Rubenstein pegs it at about $100 billion). No wonder the billionaires love Obama.

James Bowery said at March 17, 2014 11:27 AM:

"Nothing surprising."

Moreover, don't be surprised if aging engineers start going on suicide missions to off Silicon Valley execs.

One wonders what would be the response of the government. After all, these guys are mainly white, heterosexual males -- and part of the 1% to boot.

Engineer-Poet said at March 17, 2014 4:56 PM:

Cyber-attacks on the offices of major employers of H1Bs and their off-shore satellites and foreign competitors seem to be more likely possibilities, just because they're a lot safer.  If companies can't get work done overseas and have all their efforts with H1Bs mucked up somehow, they don't have too many alternatives.

Scot Dundee said at March 17, 2014 6:27 PM:

So, American are smart enough to train these foreign workers in their universities but not smart enough to do the work themselves. That seems like a contradiction to me.

James Bowery said at March 18, 2014 12:29 PM:

Engineer-Poet, the problem I see is guys scraping the bottom and getting so messed up they are debilitated. I've already seen guys who worked on the PLATO network and moved to Silicon Valley in the 80s, become physically and cognitively debilitated during the 2000s from stress, lack of health insurance and under-employment. One of them died. Like most of us they didn't know what hit them when the H-1b program was ramped-up despite the collapse of the dotcon bubble. However I see your point: It is true that the more cynical might -- before they become physically and cognitively impaired -- see where they are headed and use what time they have left to engage in cyber-attacks.

Randall Parker said at March 19, 2014 8:41 PM:

Guys,

The H1B holders will keep coming. The rates coming in might even go up.

James Bowery,

Golden ages come to an end. My response: Adapt to what is. We aren't going to return to the previous demographics of the United States. It is not the country you were born into. You can politically oppose policies that make things worse. But you've got to find ways to make money off the power of your mind.

E-P,

Cyber-attacks are a game for the young, criminal networks, and governments. We aren't going to see much in the way of cyber-attacks from the unemployed middle aged software developers.

The biggest reason I can see for some big future political backlash is when the government doesn't raise enough taxes, a sovereign debt crisis happens and the entitlements programs can't get funded. But what'll happen then? Anything smart? Not of Southern Europe is any guide.


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