Posted on 08/20/2013 10:19:19 PM PDT by 2ndDivisionVet
Lucky you.
There are laws on the books that actively seek to destroy mine. Successfully, I might add.
...worked... ...were...
What happened?
In part. There's also minimum wage laws that remove the first few rungs from the success ladder, and excessive child labor laws, together they help prevent a growing youth from developing a work ethic.
There's the H-1B, L-1, J-1 and related visa programs that exclude some Americans from jobs and depress the wages of those lucky enough to find one.
And if the wage and indentured servitude provisions of the worker visa programs aren't enough the visa workers are exempt from ObamaCare expenses!
Then there is the vast thicket of regulations where no detail of a business is too petty, no penalty too great...
Ultimately the system will will collapse.
The question is whether it will be a smoking crater, or a very hard landing.
We need a transition system that doesn't cheat the people who have paid their entire lives and planned their retirement around the certainty of getting back what they put in, while assuring the current payers that they will be getting back what they are currently putting in.
I'm not wise enough to solve the problem here, but perhaps the portion of your social security you pay that goes to a personal account vs to the current recipients varies with time? This year, status quo, next year, 2%/98%, the year after, 4%/96%, etc. By the time a 20 year old gets to retirement everything in his account is actually his (plus interest!).
And we need to keep a future JFK from raiding it!
“We need a transition system that doesn’t cheat the people who have paid their entire lives and planned their retirement around the certainty of getting back what they put in, while assuring the current payers that they will be getting back what they are currently putting in.”
There’s no way to do this without stealing money from current workers.
Like I said. There are two options - boomers take the hit now or the system collapses. A ‘middle ground’ that fully funds boomers while locking their kids out is what some pensions have done. It’s not fair, but it’s probably what will happen because it gives the Boomers what they want (money), at the expense of not boomers and best of all ‘fixes’ the problem.
In Illinois. Resigned from my greatly rewarding job there because I pioneered use of computers in manufacturing and engineering in that outfit. I was offered a cushy job by a government funded outfit with very cushy benefits and I could not resist. It was boring, not challenging, no pioneering accomplishments there, but was a good way to slide into retirement :-)
Those H1B visa people are for most part programmers from India. There are 50 million programmers floating around in the world. Do not expect high wages in that field.
Nor are a majority programers. They have moved into every facet of manufacturing, semiconductor processing, biotech, energy, and elsewhere.
Employers love 'em. They work for significantly less than their American counterparts (Yeah, I know the law requires they be paid the prevailing wage. Guess who sets the prevailing wage.) They live in mortal terror that they will lose their job and be sent back to whatever 3rd word cesspit they hale from, and therefore can easily be abused both on a personal level and on a business level. They can be fired and deported if they even look for a better job. What's not to love?
Sidebar, one H-1B I worked with was deported the day after he got laid off. They shipped him of back to the Ayatollah's Iran. No one has heard from him since. No one.On my last paid job I was replaced by three H-1Bs. One Chinese, one Vietnamese, and one Indian. The Indian and the Vietnamese are still there. The employer is challenging to work for. I doubt anyone who could find other employment would have lasted as long.
Yes.
We are a wealthier country if the poor stay on welfare, than we would be if they were doing a menial job, like programming, or engineering, or sweeping floors, or flipping burgers, or customer support, or data entry.
Got it.
Maybe we can outsource the taxes needed to fund EBT cards and Section 8 as well?
Many to China.
I've attended more than one auction to buy used fab equipment only to have the event start off with, "Thank you all for showing up, but the entire factory has been purchased by a Chinese company, there will be no auction today"
Have you ever heard of the economic theory of comparative advantage?
And when the standard of living rises enough in India and China, that the workers there are no longer content with living in huts and foraging for food but demand and get more pay—what will happen to your cheap imported stuff?
Who will vote to stop the government from the endless printing of money to pay its runaway budget when the people aren’t experiencing the pain of higher prices because of cheap imported stuff?
Then who will sell us stuff at any price when the dollar is all but worthless and foreign workers expect to be paid enough to live like Americans lived when America was prosperous?
And when the third world is fully industrialized and prosperous, they will no longer be living in huts and spearing fish, but will be COMPETING WITH US BY BIDDING UP THE COST FOR RAW MATERIALS AND ENERGY. WHAT WILL THAT DO TO THE COST OF ANYTHING WHEREVER IT’S MADE???
Mujibar of India was trying to get a job.
The Personnel Manager said, ‘Mujibar,
You have passed all the tests, except one.
It is a simple test of your English language skills
Unless you pass it,you cannot qualify for this job.’
Mujibar said, ‘I am ready.’
The manager said,
You must make a sentence using the words
Yellow, Pink, and Green.’
Mujibar thought for a few minutes and said,
‘Mister manager, I am ready.’
The manager said, ‘Go ahead.’
Mujibar said,
‘The telephone goes green, green,
And I pink it up, and say,
Yellow, this is Mujibar.’
Mujibar now works at a call center.
It will be 50-75 years before wages in China & India catch up to USA levels all around. Only isolated skills in short supply get USA style wages in those countries.
Dollar is already worthless but not because of outsourcing but by printing Trillions of excess dollars to pay for the monstrous deficit spending. Try traveling in Europe, Japan, and large cities in Asia to find out first hand how worthless US dollar has become.
There is no civilization, kingdom, empire, country, etc in the history of world has stayed on top for ever. India and China had highest GDP in the world for over thousand years ending around 1700. United States no longer has the monopoly on manufacturing it once had after factories in Germany and Japan were leveled. Our standard of living will keep going down while the poorer countries of WWII will get richer.
If you are still under 50, try to switch to a line of work which is in demand. I am now retired and do not have a list of currently in demand professions. During my working years Numerical control programmers were highly sought after. Not sure if they still are. High tech manufacturing companies such as Boeing need them by the hundreds.
May be so but high value items I buy such as cars, washers & dryers, refrigerators, dish washers etc are made mostly in unionized outfits.
You should research that, cars are made all over the south by non union works - a lot of them.
“Nor am I, and since no law protects my income against global competition, no law should protect anyone else’s. “
So, you don’t believe in countries. Got it. A GenWhyMe globalist type.
Congress recognized the critical nature of my industry and the existing zero unemployment rate here in Silicon Valley (and the vast campaign bribes contributions) and jacked up the number of low paid indentured servants I have to compete with for a job.
Any way I can get back under 50 that you know would be appreciated...
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