Are U.S. jobs vulnerable to workers with H-1B visas?

Imran posted:

 

I believe the authorities need to investigate the employment agencies... these are the scam who hired illegal immigrants and under pay them . There is people who collect unemployment and work for cash at these agencies.

Brown people needs to be careful , they will be a target by the white KKK 

 

http://www.cbsnews.com/news/ar...ers-with-h-1b-visas/

H1B people are not picking apples, mowing lawns or shoveling snow or changing oil.  They are actually highly skilled and are granted access to Companies innermost operating ERP and other systems.  It is the companies who grant access, not the employment agencies, and they (company) ensure full compliance with US labor laws before doing so.  So there is little chance H1B's are working "under the table".

However, H1B's are used to reduce costs by flooding the country with technical expertise which is available in the US, but instead of paying 100k, they get an H1b for 60k.  Trump's policies will seek to place a higher lower limit on H1B's at 100k/130k.  This means only very specialized skills workers will meet the requirement opening up opportunities for a vast amount of displaced American workers.

Just today I met a Tata Consultancy manager who said that TTC is now rebalancing it's workforce reducing their dependency on H1B and will hire more US expertise.  At 100k, the costs differential advantage is all but gone.

Trump is on the right path...on this!

Base,

Trump is doing an excellent job in protecting American interests and American jobs. He deserves full credit for that.

He recently increased interest rates and the markets responded positively.

He seems to be doing exceedingly well on the economic front, sort of a business like approach.

Tempers have cooled down as the county gets back on track. I hope that he stays on track on the economic front. It will benefit ALL Americans.

I will be visiting in April and will gauge the mood from an outsider perspective.

Health Care and Jobs are what I will be looking for and asking about when I visit. 

ba$eman posted:

H1B people are not picking apples, mowing lawns or shoveling snow or changing oil.  They are actually highly skilled and are granted access to Companies innermost operating ERP and other systems.  It is the companies who grant access, not the employment agencies, and they (company) ensure full compliance with US labor laws before doing so.  So there is little chance H1B's are working "under the table".

However, H1B's are used to reduce costs by flooding the country with technical expertise which is available in the US, but instead of paying 100k, they get an H1b for 60k.  Trump's policies will seek to place a higher lower limit on H1B's at 100k/130k.  This means only very specialized skills workers will meet the requirement opening up opportunities for a vast amount of displaced American workers.

Just today I met a Tata Consultancy manager who said that TTC is now rebalancing it's workforce reducing their dependency on H1B and will hire more US expertise.  At 100k, the costs differential advantage is all but gone.

Trump is on the right path...on this!

Trump needs to hurry up on implementing this. Over the past 8 years 90% of my colleagues fell at the wayside due to losing their jobs to h1b visa holders.  Right now the US employee to h1b visa ratio is 80% to 20% in many US tech companies. In my area they are paying H1b 85k, 60k salary and 25k extra to bring them up to current US regulations on salary floor.  In fact most US born IT professionals are telling their children to find other fields of study. 

yuji22 posted:

Base,

Trump is doing an excellent job in protecting American interests and American jobs. He deserves full credit for that.

He recently increased interest rates and the markets responded positively.

 

Trump did not increase interest rate, the FED did

Prashad posted:

When I looked at that 60 minutes story last night I could not stop thinking that some innocent brown skin East Indian person somewhere will pay the price with his or her life.

That's the point Prashad, we have seen what happens recently. And it will get worst . 

Most of these people (White American) have actually reach retirement age , and some companies let you go sooner to avoid paying benefits to the retiree.

We have seen a trend in Canada, where they let you go on retirement, then you are rehire as an independent contractor. 

As an independent contractor, you get paid less from what you were earning and you are responsible for your own taxes. 

Drugb posted:
ba$eman posted:

H1B people are not picking apples, mowing lawns or shoveling snow or changing oil.  They are actually highly skilled and are granted access to Companies innermost operating ERP and other systems.  It is the companies who grant access, not the employment agencies, and they (company) ensure full compliance with US labor laws before doing so.  So there is little chance H1B's are working "under the table".

However, H1B's are used to reduce costs by flooding the country with technical expertise which is available in the US, but instead of paying 100k, they get an H1b for 60k.  Trump's policies will seek to place a higher lower limit on H1B's at 100k/130k.  This means only very specialized skills workers will meet the requirement opening up opportunities for a vast amount of displaced American workers.

Just today I met a Tata Consultancy manager who said that TTC is now rebalancing it's workforce reducing their dependency on H1B and will hire more US expertise.  At 100k, the costs differential advantage is all but gone.

Trump is on the right path...on this!

Trump needs to hurry up on implementing this. Over the past 8 years 90% of my colleagues fell at the wayside due to losing their jobs to h1b visa holders.  Right now the US employee to h1b visa ratio is 80% to 20% in many US tech companies. In my area they are paying H1b 85k, 60k salary and 25k extra to bring them up to current US regulations on salary floor.  In fact most US born IT professionals are telling their children to find other fields of study. 

When I worked at Morgan Stanley through Compuware, I trained my replacement in the Philippines. H1B is part of corporate greed...cheap labor. 

RiffRaff posted:
yuji22 posted:

Base,

Trump is doing an excellent job in protecting American interests and American jobs. He deserves full credit for that.

He recently increased interest rates and the markets responded positively.

 

Trump did not increase interest rate, the FED did

The Ballahoo Brahmin is a clown. The stock market does not react positively to an increase in interest rates. 

Mars posted:
RiffRaff posted:
yuji22 posted:

Base,

Trump is doing an excellent job in protecting American interests and American jobs. He deserves full credit for that.

He recently increased interest rates and the markets responded positively.

 

Trump did not increase interest rate, the FED did

The Ballahoo Brahmin is a clown. The stock market does not react positively to an increase in interest rates. 

Listen Jackass,

Investors reacted positively to the news and the markets went up.

You cannot even wash my car when it comes down to investments in dollars and cents. 

You begger men come here and talk farth. Money talks and BS walks.

yuji22 posted:
Mars posted:
RiffRaff posted:
yuji22 posted:

Base,

Trump is doing an excellent job in protecting American interests and American jobs. He deserves full credit for that.

He recently increased interest rates and the markets responded positively.

 

Trump did not increase interest rate, the FED did

The Ballahoo Brahmin is a clown. The stock market does not react positively to an increase in interest rates. 

Listen Jackass,

Investors reacted positively to the news and the markets went up.

You cannot even wash my car when it comes down to investments in dollars and cents. 

You begger men come here and talk farth. Money talks and BS walks.

Moron, it was not the news of the rate increase that made the stock market go up. When interest rates rise, the stock market goes down. I've been working in the Wall Street industry for decades now so a lil nincompoop like you cannot fool me about the market. 

Read at the link below and educate yourself, Numpty! 

http://www.investopedia.com/in...affect-stock-market/

 

Impact of Interest Rates on Stocks

And by the way, nothing has to actually happen to consumers or companies for the stock market to react to interest-rate changes. Rising or falling interest rates also affect investors' psychology – and the markets are nothing if not psychological. When the Fed announces a hike, both businesses and consumers will cut back on spending; this will cause earnings to fall and stock prices to drop, everyone thinks – and the market tumbles in anticipation. On the other hand, when the Fed announces a cut, the assumption is that consumers and businesses will increase spending and investment, causing stock prices to rise – and the market jumps for joy.



The Bottom Line

Although the relationship between interest rates and the stock market is fairly indirect, the two tend to move in opposite directions: as a general rule of thumb, when the Fed cuts interest rates, it causes the stock market to go up; when the Fed raises interest rates, it causes the stock market as a whole to go down.




Mars posted:
RiffRaff posted:
yuji22 posted:

Base,

Trump is doing an excellent job in protecting American interests and American jobs. He deserves full credit for that.

He recently increased interest rates and the markets responded positively.

 

Trump did not increase interest rate, the FED did

The Ballahoo Brahmin is a clown. The stock market does not react positively to an increase in interest rates. 

This time it did not seem to be phased due to the offsetting tax rate reduction, capital repatriation and the infrastructure initiative which could be beneficial to languishing tradition bricks and mortar companies.

The interest rates were too low for too long but Obama's economy could not absorb an increase.  Trump's seem to be able to!

RiffRaff posted:
yuji22 posted:

Base,

Trump is doing an excellent job in protecting American interests and American jobs. He deserves full credit for that.

He recently increased interest rates and the markets responded positively.

 

Trump did not increase interest rate, the FED did

Correct but they do take their cue from the economy and sentiment.  The Feds were reluctant to raise as Obama's economy seem to always be skating on thin ice.  Trumps policy on tax reform, regulation roll-back, etc have added confidence that Corporations could absorb an interest rate increase impact!  The Feds felt safe to move this time!

ba$eman posted:
Mars posted:
RiffRaff posted:
yuji22 posted:

Base,

Trump is doing an excellent job in protecting American interests and American jobs. He deserves full credit for that.

He recently increased interest rates and the markets responded positively.

 

Trump did not increase interest rate, the FED did

The Ballahoo Brahmin is a clown. The stock market does not react positively to an increase in interest rates. 

This time it did not seem to be phased due to the offsetting tax rate reduction, capital repatriation and the infrastructure initiative which could be beneficial to languishing tradition bricks and mortar companies.

The interest rates were too low for too long but Obama's economy could not absorb an increase.  Trump's seem to be able to!

You had me confused there for a minute. You meant fazed and not phased. Yes, the market reacting positively had more to do with the tax reduction and other initiatives which you stated. Investors think that the gains from the tax reduction and other initiatives will exceed the negative impact of the interest rate hike so stock prices rose.

Mars posted:
ba$eman posted:
Mars posted:
RiffRaff posted:
yuji22 posted:

Base,

Trump is doing an excellent job in protecting American interests and American jobs. He deserves full credit for that.

He recently increased interest rates and the markets responded positively.

 

Trump did not increase interest rate, the FED did

The Ballahoo Brahmin is a clown. The stock market does not react positively to an increase in interest rates. 

This time it did not seem to be phased due to the offsetting tax rate reduction, capital repatriation and the infrastructure initiative which could be beneficial to languishing tradition bricks and mortar companies.

The interest rates were too low for too long but Obama's economy could not absorb an increase.  Trump's seem to be able to!

You had me confused there for a minute. You meant fazed and not phased. Yes, the market reacting positively had more to do with the tax reduction and other initiatives which you stated. Investors think that the gains from the tax reduction and other initiatives will exceed the negative impact of the interest rate hike so stock prices rose.

Yes yes, you got me there, fazed!

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