I work for a fortune 500 company, I see the workforce transition.
Hundreds of foreign workers here on campus now. The almighty H1B visa program you see. Bring’em here to work at their home country wage.
Longtime workers of 15 to 20 years are layed off, then brought back in as contractors for less pay and NO benefits.
At a time of record corp profits, American workers are seeing their jobs shifted overseas, frozen wages, benefit cuts.
All the while, top level exec’s are hauling in the doe in the form of lavish compensation packages.
We had one exec leave the company with a golden parachute of close to $30 million. This was more than one of our divisions made in profit for that particular year.
We read all the time about how low the unemployment rate remains.
Americans do not realize that these numbers posted by the government are a complete sham.
Just how many unemployed illegals are here in America?
Replacing well paying positions with lower wage service sector positions will make the unemployment rate appear low....what is this doing to middle class America?
I know, I have been seeing it for years.