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| Economy |
| Bloomberg: White-Collar Visa Workers Take 2/3 of New Tech Jobs Each Year |
| 2021-03-14 |
| [Breitbart] Two-thirds of entry-level tech jobs go to compliant foreign guest-workers, not to the young American professionals who may create a new wave of establishment-shaking companies, according to a report from Bloomberg. In 2018, "the U.S. had between 96,000 and 143,000 openings in IT occupaÂtions that typically went to candidates with a bachelor’s degree or higher in computer science or engineering," said the March 10 report, headlined "STEM Graduates Deserve a Better Path to Good Jobs." But the government each year provides "Occupational Practical Training" (OPT) work permits to hundreds of thousands of foreigners who have paid tuition to American universities. It also invites roughly 85,000 foreign graduates on H-1B work visas, the report says. "So, OPT participants accounted for anywhere from one-third to one-half of new hires. If you add H-1B candidates, up to two-thirds of openings went to guest workers," said the report, which relies heavily on Hal Salzman, an expert on high-tech employment at Rutgers University. Few of the OPT workers are high-skilled, Bloomberg acknowledged: "More than 70% of nonresident computer science master’s degrees awarded in 2018 came from unranked programs, or those ranked 50 and lower by U.S. News and World Report. Just 17% came from schools ranked in the top 25. [universities]" Breitbart News has extensively reported on the fraud-ridden OPT program — and its sister program, the Curricular Practical Training program — which provides Fortune 500 companies with roughly 400,000 cheap foreign workers each year. The OPTs — and the many similar H-1B, L-12, J-1, and TN visa workers — fill many starter-jobs and mid-career white-collar jobs in a wide variety of industry sectors, including tech, healthcare, academia, accounting, and design. |
| Posted by:Slusoting Crans9404 |
| #10 GE got bounced from the Dow Jones Industrials for a reason. Sad in a way, but maybe taking on too much debt didn't help. |
| Posted by: Clem 2021-03-14 21:19 |
| #9 I'm speaking about the days when GE trained their people rather than hiring H1Bs, ie up till about 2000. In those last two decades (the Welch era), GE's - revenues grew five-fold from $25 billion to $130 billion - income grew ten-fold, from $1.5 billion to $15 billion - market cap increased 30-fold i.e. more than $400 billion Outsourcing and offshoring, and more generally, the refusal to invest in training of American workers and managers, are not the only causes of American industrial decline, but they're definitely part of the problem. |
| Posted by: Hupinerong Barnsmell8626 2021-03-14 19:39 |
| #8 GE? Smart? Well-managed? Can I have some of what you're smoking? Please? |
| Posted by: CrankyOldYankee 2021-03-14 19:19 |
| #7 Smart well-managed companies like GE, P&G, and other blue chips used to do plenty of training. Learn the GE approach, or "the HP Way," or how build a brand as P&G has done brilliantly 100x over. The demise of in-house training coincides with the decline of the Fortune 500 and America's economic supremacy. Now that American education is cratering thanks to COVID lockdowns, Zoom-idiocy and Raging Wokeness, US corporations will likely have no choice but to train the next generation of leaders and managers. |
| Posted by: Flavimp Borgia1139 2021-03-14 16:07 |
| #6 That said, the corporations hiring these worker bees should be forced to give the jobs to American graduates and train them Why? If the schools won't train them and they're too delicate to train themselves, a company, in business to make money for it's owners and stockholders, should go with the hire that doesn't need training. If, OTOH, the companies still have to train the imports in how to do the job, then it's a different story. |
| Posted by: CrankyOldYankee 2021-03-14 14:47 |
| #5 And their families back home have access to the companies "proprietary" information that can be sold to foreign companies for good money. |
| Posted by: Ebbomoger Speaking for Boskone4589 2021-03-14 13:35 |
| #4 Most of these jobs require only minimal skill. These are the Information Revolution's factory worker-equivalents. That said, the corporations hiring these worker bees should be forced to give the jobs to American graduates and train them as needed to backfill any skill deficits. Maybe as a condition of receiving a federal tax holiday for the trillions in corporate profits that have been stashed overseas the last 2-3 decades. |
| Posted by: Cue Bubble1674 2021-03-14 09:26 |
| #3 OTOH - do you want your pacemaker programmed by an American who probably majored in Intersectional Womyn's Studies and Diverticulosis |
| Posted by: CrankyOldYankee 2021-03-14 07:17 |
| #2 Fine. When their work isn't up to par you are stuck with them because it would be rayciss to fire the "immigrant." |
| Posted by: M. Murcek 2021-03-14 03:16 |
| #1 No mention about the cultural disparity. |
| Posted by: Skidmark 2021-03-14 00:29 |