Thread regarding Ernst & Young layoffs

It's the outsourcing of the American workers. It's called globalization.

They are currently replacing older US, UK, CA workers with younger, less expensive foreign remote workers. (Indian, Mexico, Manila). It's their 2020 strategy to save a dollar.

The headquarters was moved out of the US a few years ago. It was thought in order to work with other nations they didn't want their location seen as centered here. I was told the US is seen as bullies. Now as much as legally possible they are replacing all workers with foreign workers, or filling the gaps with them.

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Post ID: @OP+FoDJuhp

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"USA is a net global exporter of goods and services. What would happen if China, India, Malaysia and other emerging markets close their borders to US imports."

Not much call for economics classes down in Hyderabad, eh, mate? The US hasn't had an overall trade surplus in over 30 years:

http://www.tradingeconomics.com/united-states/balance-of-trade

And the US has had a trade deficit with each of the countries you listed since at least 1985:

https://www.census.gov/foreign-trade/balance/index.html

PS: Just fixed another bug in some #H1B import code, bro! Long live the H-1B visa!

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Post ID: @3sygq+FoDJuhp

The US economy added 255, 000 jobs in the month of July, 70,000 in the Professional and Business Services (source: BLS July Report). And you're arguing that the influx of 85,000 new employees per annum is stagnating wages? This is demonstrably false.

USA is a net global exporter of goods and services. What would happen if China, India, Malaysia and other emerging markets close their borders to US imports. You can't enjoy open access to the free market and then turn around and complain about increased competition.

Or is it just that you don't like us brown folks?

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Post ID: @3maje+FoDJuhp

I have nothing against globalization or outsourcing. I have an issue with the #H1B abuse that's taking place everyday and EY is contributing here. The H1B program was designed to bring in the best and brighest of the world the the States. However, all people that we bring are low level engineers and analysts, often paid around 60K for a job that a US based resource would be paid about 100K. This depresses wages for folks in that 100K tier, no wander that wages in IT are stagnant - we allow an unlimited supply of indentured servants who will toil for 60% of the regular wage up to 5 years as they are hoping that their green card will be granted at the end of the period.

This gaming of the system was invented by the Indian pureplayers but it was wholeheartedly embraced by EYs and Accentures of the world - now it's a race who will bring in more H1B resources as that enables them to improve margins (charge as you were deploying a 100K resource but plug in an H1B guy for 60% of the cost).

We need to fix this and we need to continue to support globalization as well.

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Post ID: @3lhkj+FoDJuhp

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