Cisco and other tech companies have been outsourcing US jobs to India, East Europe, Canada and other countries for more profitability. While there is constant layoffs in the US, it must be illegal to hire citizens of other countries just because they are cheaper. Unfortunately politicians are not paying any attention to this critical issue that is causing suffering for so many US citizens. Unemployment rate in high tech is more than 20%!
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Unemployment rate in high tech is more than 20%!
https://www.hrdive.com/news/unemployment-rate-tech-industry/715460/ shows it's under 3% and across a range of sites I saw nothing is showing it over 4%. Please provide multiple sources for your "more than 20%" figure.
https://www.statista.com/statistics/220041/total-value-of-us-trade-balance-since-2000/ shows 2023 to be the first time since 2016 that the trade deficit has been reduced.
https://en.wikipedia.org/wiki/The_Light_Bulb_Conspiracy covers the cartels that force planned obsolescence which not only keeps people buying poor quality products but requires people to make those poor quality products.
I'm old enough to remember when the US put tariffs on Japanese vehicles. The US companies just raised their prices, remaining noncompetitive and people kept buying the Japanese vehicles.
IIRC someone posted a while back that Levi's did a study and found Americans weren't willing to pay more than a single penny for US made jeans.
There is no such thing as a sustainable middle class. The people who are whining the loudest that we need a government that can be drowned in a puddle want the government to control everything so they can live a world leading lifestyle while phoning in poor quality work.
Americans still can't grasp the concept that Henry Ford put forward that they need to be paid enough to buy the company's products for the system to be sustainable.
Over 40 years of doing software development the percentage of people I worked with who knew even the most basic first principles was about 10%. Most learned how to write an if statement and for loop and somehow made a career out of it until they were permanently laid off sometime after the age of 40. I can count the number of Principal Software Engineers at Cisco I worked with who understood scaling on zero thumbs.
Learn these and many more tradeoffs and outright paradoxes first, then come up with viable plans to fix everything which are so popular that those who control power from behind the scenes can't stop it.
“Indians may be a small part of the US population, but have a significant economic impact. Indian Americans pay about 5-6 per cent of all income taxes in the US despite making up just 1.5 per cent of the country’s population”
https://www.thehindubusinessline.com/data-stories/data-focus/indian-americans-pay-5-6-of-income-taxes-in-the-us-report-says/article68331867.ece/amp
Asking Government to ban hiring and providing jobs to immigrants can result in a big dip in the country’s taxes. This article just shows the 1.5% Indians (70% of whom are Indian American US citizens). If you cumulate SE Asians and other nationalities, that’s a massive hit to the US Economy. Also, you may lose the butter chicken and Chinese food that you so love from time to time 😃
300,000 US jobs lost this year alone.
Many more to come before end of year.
US high tech employees should contact their local politicians to draw attention to this critical matter.
You are competing with the corporates that donate 10's of millions per year. Why would they listen to you?
Germany does not outsource everything. They still have many companies that manufacture goods locally. Their economy is strong and innovative.
You need to catch up. A lot manufacturing in Germany has shifted eastwards since 2004. And their economy is once again the "sick man of Europe".
Germany does not outsource everything. They still have many companies that manufacture goods locally. Their economy is strong and innovative.
Apple has most of the engineering team local in Cupertino!. Hiring at apple is also good with 80% of talent are really good.
Replacing whole IT in disney, UCSF and so many companies with contractors from Indian consulting companies is nothing but abusing the whole system of H1-B. They don’t even hire non-Indians. 98% are non-us citizens.
Even Indians don’t like to work for these companies who exploit employees and take 40% of their pay.
CEOs and VPs should be held accountable. They usually donate to campaigns so that they are safe which ever party comes to power.
This is all by design. America is for sale. We buy cheap products from China. We buy cheap services from India. This creates a rich Asian class in China and India who can buy America.
"Fragile incompetent whites whining about losing their jobs to non whites. Maybe if you stopped whining and did your job you would still be employed"
I wrote this post and I am not white! I am a first generation immigrant US citizen. You are such an idi-t. lol
As much as it hurts to admit, the reason why CPF was so low this year is because of a combination of a lot of factors:
- Reduced sales
- High wage bill and hence much higher operating budget (chuck said around 20B USD)
- Complex product line that does not perfectly appease the market
If we want to continue making the profits for years to follow, hiring expensive talent and increasing operating budget is going to be definitely avoided. Two ways to do this, either outsource to cheaper countries or layoff a bulk. If we don't do the above, we’ll continue to have a cpf in 60s and drop even more unless we make a product that sells itself (like the iPhone).
"If you believe everything the politicians say during their campaign then you shouldn’t be employed anywhere!"
I think it is you who should not be employed anywhere because you are so stupid. I did not say I believe everything that candidate say but I am going with a candidate that at least acknowledges the pain and bring attention to the real issues such as illegal immigration.
All this umbrage with jobs moving to cheaper countries is bullsh-t. What is happening to Tech workers is the same that has already happened to manufacturing where majority of manufacturing across different sectors was moved to cheaper countries 30-40 yers ago. If you think politicians are going to stop this, you are naïve at best.
The Federal government should be heavily taxing corporations for outsourcing American jobs! At the same time there need to be limits in place for the massive profits these corporations are making by overcharging Americans for their products and services to turn around and pay exorbitant bonuses to CXOs.
If you believe everything the politicians say during their campaign then you shouldn’t be employed anywhere! It’s only America First, if the pockets can be lined. That’s not going to happen without so many other changes. Tax breaks turn into stock buy backs which makes the company board and other investors wealthier! The common folk are not part of any discussions ! In last 8 years, different governments what % of work moved back here ? In the off chance one of the candidates really wants to do something, the party won’t let them, and if the party aligns the donors won’t let them. The only time everyone aligns is the fund wars, and not for the common folk!
Vote for a presidential candidate that says "America First".
I do not care what I am labeled. I am speaking up against injustice to US citizens. Outsourcing US jobs to cheap countries is no different than allowing illegal immigrants to enter US and take jobs from legal immigrants. US high tech employees should contact their local politicians to draw attention to this critical matter.
That’s easier said than done - corporations are all about profitability. Hiring local doesn’t support that - unless govt takes right steps in controlling medical services , inflation, and so many other factors. Stop expecting politicians or corporate leaders to ignore the profits. Now it’s tech but a few decades back it was manufacturing - it’s finally just the bottom line that matters! When Canada or India become expensive then they are going to look elsewhere again. You can’t make laws against this or you’ll be labeled communist or socialist.