L-1

Seeking Alpha Author asks the obvious, why is the U.S. flooding the labor market with more immigration?

Boy this guy's got guts. There is no doubt in my mind he will be swarmed with insults for stating the obvious, but at least he begs the question.

In Eye on Unemployment: Should the U.S. Stop Immigration? Hunkar notes:

When the private sector created 100K jobs between May 1999 and May 2009, the annual issue of LPRs averaged 1 Million per year from 2000 to 2008. Both the private and public sector combined created 3.5 new jobs in the past decade.

This is simply far less than the 10 million immigrants admitted to the country. It must be noted that not all of the one million LPRs issued are working age adults. Some of them may have been here already with jobs when they became permanent residents.

Study shows over 30% I.T. Jobs being offshored

Computer World overviews some new data on just how badly I.T. jobs are being offshore outsourced or U.S. workers are displaced by foreigners on guest worker Visas.

Okay, so where are U.S. jobs going? What's the data show? Data prepared by Everest Group Inc., a research and outsourcing consulting firm, shows in broad brush fashion the shift of jobs overseas by some major IT services vendors. In 2006, U.S. and European firms typically had less than 20% of their workforces offshore; Now, for most companies that figure may well be generally over 30%.

Now check out the ethnicity of one Indian company operating in the United States:

BoA, Wells Fargo, TARP Recipients, Forcing U.S. Workers to Train their Foreign Guest Worker Replacements Before Being Fired

Wells Fargo, a TARP recipient who bought Wachovia, is now forcing U.S. workers to train their foreign guest worker replacements before being fired. So is Bank of America.

Are you thinking wait a second, weren't those banks given billions and billions in U.S. taxpayer dollars? Aren't they supposed to first consider U.S. workers for jobs in the United States? Weren't Bank of America and Wells Fargo made H-1B and L-1 guest worker dependent employers by legislation recently passed by Congress?

L-1 Guest Worker Visa Leaves Fired Derivatives Workers in a Lurch

Bloomberg has a story which is supposed to tear at our heart strings but I have a different reaction. In profiling out of work derivatives technology workers, Fired Doctor of Derivatives Waits to Cry as Finance Jobs Vanish Bloomberg tries to show the pain of the greater than 250,000 jobs lost.

Firstly, it is precisely these derivatives, mathematical models which are part of the problem, so these people losing their jobs does at least imply banks are no longer just cranking out black box mathematical models (ahem) to generate more products and massive fees.

Also buried within this story is the L-1 Guest worker visa.

AP Investigation: Bail Out Banks sought foreign workers instead of U.S. workers!

This is a bombshell. Banks, while receiving billions in TARP bail out money and firing U.S. workers right and left sought foreign workers. The associated press did an investigation on where your taxpayer money is going and this is what they found!

SANTA CLARA, Calif. – Major U.S. banks sought government permission to bring thousands of foreign workers into the country for high-paying jobs even as the system was melting down last year and Americans were getting laid off, according to an Associated Press review of visa applications.

UK Considering Ban on Foreign Guest Workers Due to Labor Market Conditions

The United States seems to be the only country left which ignores labor economics and labor market realities.

The UK may shut its doors on foreign professionals:

Britain is planning to ban advertising jobs overseas due to economic meltdown, a process which could hit Indian professionals aspiring for employment opportunities in the UK.

The government is mulling an idea to ensure that existing jobs go to British workers. The employers are being forced to notify vacancies in employment agencies within Britain to prioritise local candidates.

Indians are among the largest foreign professionals working in Britain. Every day, thousands of jobs are being cut across the sectors in Britain. Official figures suggest that unemployment figure is reaching the 2 million mark, for the first time since the mid-1990s.

Corporations Who Lobby for Guest Workers Having Massive Layoffs

Here come the tech layoffs. Microsoft is laying off 5,000, including R&D engineers. Intel shuts 4 plants and lays off 6000, 1000 from Oregon alone.

Ebay will surely announce soon for their quarterly earnings dropped 31% and the largest garage sale in the world should be more recession proof.

Obama Picks Cheap Labor & Guest Worker Queen Janet Napolitano for DHS!

What bodes ill for United States Technical and Science Professionals is Obama's choice for Department of Homeland Security, AZ Governor Janet Napolitano.

So much for change right? So much for the United State middle class or U.S. workers!

Computerworld points out DHS controls the guest worker Visas, including H-1B.

A Corporate Feeding Frenzy

USA Today published LTE on H-1B, L-1 from Dan Stein, posted below:

Opposing view: A corporate 'feeding frenzy'

Visas push is about helping companies rather than workers

By Dan Stein

Today we are watching an amazing spectacle: Many in Congress — including allegedly labor-friendly Democrats — are pushing to increase the importation of foreign labor just as the USA slips into what may be its worst recession in decades.

Why? Because the greed of a handful of multinationals is demanding more and more access to "skilled" foreign labor.