As reported in this article “Greenspan: U.S. economy on edge of recession”, Greenspan, like many economists, are warning of an impending economic downturn. However, as I had pointed out in my interview with Adam Geller (see article), the economy, particularly for technology workers hasn’t been that great for several years. Wages and opportunities for American technology workers have been dropping, due mainly by the belief in the Free Trade mythology and the global labor arbitrage that goes with it.
Part of that labor arbitrage scam is the guestworker Visa programs, such as L-1 and H-1B. What I don’t get is why is he so concerned about me, a technology worker, “making too much money”? I would like to see Greenspan give up all his wealth and live on my income for a while. I’m sure he would change his tune. It is unfathomable how he could ever think that lowering my salary even further will help the economy.
Advice to Greenspan: stay off the news and go in to see a shrink.
What is it with the super wealthy in this country? They make their billions in this country and instead of just retiring and disappearing, they keep pushing economic policies that continue to run the middle class into the ground? And they continue to do this even though the economy is going into the tank.
Bill was up in Canada spreading the “technology worker shortage myth” claiming that poor Microsoft, the alleged victim of the “strict government H-1B policy” cannot hire enough technology workers in the U.S. This is his big lie that he continually repeats.
If hiring talent was a problem for Microsoft, I would probably be working there right now, instead of working temporary contract jobs with weak benefits and no hope of being able to save for retirement. If Microsoft has a problem hiring talent, it is due to the age discrimination that they practice, along with all the other big corporations based here in Washington State (and across the country). Also, they need to fix the way that they deal with contractors. They hire thousands of contractors, which make up most of their workforce now days. The contractors also have a limit of 1 year on the job, after which they are forced to leave Microsoft and seek employment elsewhere. If Microsoft was really having trouble hiring, they would put a stop to this practice as well.
Also, if the talent is abroad and not here, why doesn’t Microsoft just move its headquarters out of this country? I’ll tell you why. The United States has become a tax haven for big business. Don’t let the advertised corporate tax rate fool you. With all the loop holes that have been systematically worked into the tax laws, and the neutering of the IRS where it can no longer enforce these laws, corporations can limit their tax to a negligible amount, or to nothing. On top of that, they get tax breaks/payoffs from the U.S. government at the taxpayers expense (because the government is still under control of the “trickle down voodoo economics” crowd).
What it boils down to is this: Microsoft stays in the U.S. for the huge tax incentives, and yet still wants the cheep labor from abroad, all because the name of the game today is to get nothing short of record profits and more money for the super wealthy. It’s that simple.
Here is a real non-answer email from one of my “centrist” senators – Patty Murray. It also kind of disgusts me lately on how they use your address to punch in your city into the last line of their emails: “I hope all is well in [insert city here]”. If she really hoped that I was doing well, she wouldn’t be pushing for all the stuff that she does that makes me “not well” in Snohomish.
Thank you for writing to me regarding S. 1959, the Violent Radicalization and Homegrown Terrorism Prevention Act of 2007. It is good to hear from you.
As you know, S. 1959, the Violent Radicalization and Homegrown Terrorism Prevention Act of 2007, was introduced by Senator Susan Collins (R-ME) on August 2, 2007. S. 1959 would establish a National Commission on the Prevention of Violent Radicalization and Homegrown Terrorism to examine the root causes of radicalization and homegrown terrorism in the United States and ways to prevent it. S. 1959 would also create a university-based Center of Excellence for the Study of Violent Radicalization and Homegrown Terrorism in the United States. It would also require the Secretary of Homeland Security to ensure that research efforts do not violate individuals’ constitutional rights or civil liberties.
S. 1959 was referred to the Senate Committee on Homeland Security, of which I am not a member. An identical bill, H.R. 1955, was introduced in the House of Representatives by Congresswoman Jane Harman (D-CA) on April 19, 2007 and passed the House on a 404-6 vote on October 23, 2007.
Should either S. 1959 or H.R. 1955 come before the full Senate, please know that I will keep your views on this issue in mind. If you would like to know more about my work in the Senate, please feel free to sign up for my updates at http://murray.senate.gov/updates. Thank you again for writing, and please keep in touch.
I hope all is well in Snohomish.