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.
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:
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?
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.
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.
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.
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.
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.
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