Posted on 02/01/2009 3:22:44 PM PST by balls
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.
The dozen banks now receiving the biggest rescue packages, totaling more than $150 billion, requested visas for more than 21,800 foreign workers over the past six years for positions that included senior vice presidents, corporate lawyers, junior investment analysts and human resources specialists.
The average annual salary for those jobs was $90,721, nearly twice the median income for all American households.
As the economic collapse worsened last year—with huge numbers of bank employees laid off —the numbers of visas sought by the dozen banks in AP's analysis increased by nearly one-third, from 3,258 in the 2007 budget year to 4,163 in fiscal 2008.
This is why a “producers strike” would not work. The powers that be would simply ship in foreign workers
Bring them on!
http://www.freerepublic.com/focus/search?m=all;o=time;q=quick;s=Foreign%20Workers
variant of same AP story (C-LSD too lazy to write their own)
Banks have no problem shipping the technical support roles offshore. The help desks are already there. Soon the entire IT shops will be offshore.
The controls over our private information are not in place.
So American companies must just take the load of talentless, entitled people we are presented with us as possible hires, instead of doing what it takes to make the business do well? I can tell you I have a lot of employees. My friends who are business owners have a lot of employees. Between me and a few friends we employ close to 800 people.
The quality of workers today is terrible. Twenty years ago, Americans knew how to work, and took pride in it. Now its a crap shoot to hire good employees, particularly for something as detailed as commercial finance. People who should be qualified by means of a college education, are not as they spent many of their years partying, and the only thing they learned to do was follow.
I have to hire from all over the country to get decent candidates. It is pathetic anymore.
And yes I am ripping on American workers who no longer know how to work. Americans have an attitude, or bring their personal life into the company, that affects their jobs. I could have latinos, asians, or Indians to do their job, and they would be diligent about it, and not have to be told how to work. Other cultures take work more seriously than Americans do today.
And it is the companies that pay the price for this.
If an immigrant is making 90K....then more than likely an American was being paid a lot more...
Which is totally bad for our economy....when consumption is such a big part of it.
It is bad...always bad...to replace Americans with foreigners (legal and illegal)...especially with unemployment growing. It is also Anti-American, too....especially when we are paying thru taxpayer bailout money
There will always be someone who’s pedal to the metal patriotism literally stops on a dime.
There's no reason for those jobs to go to foreigners. Job's should go to Americans first. A war against the middle class is being waged by the globalists. I see more and more foreigners doing IT jobs every week. Their skill set is not special and we have many unemployed IT workers.
Cosmopolitinism kiddies.I mean after all love of one’s country and its people is so passe’.
If you believe that a college degree actually confers upon a graduate anything at all... then you’re deluding yourself.
Experience and knowledge is key.
College degrees, nowadays, are the equivalent of being a card-carrying party member. (ie - you can spout off Marxist propaganda... and that’s about it)
Here you go. Now let’s watch and see who gets their panties in a twist shall we. LOL
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aZSSMtC6ynNY
“....positions that included senior vice presidents, corporate lawyers, junior investment analysts and human resources specialists.
I work in a large financial institution, and I do not find this story credible. I have never seen an H1B in a position like that, because they don’t have the knowledge of US business practices needed to do them. It is one thing to be a skilled Solaris SA or Oracle DBA - you don’t even need to be able to speak English that well if you can do the work. But these types of positions require the ability to interact in a complex environment that takes years of experience in the US.
If everyone does that, won’t there be a massive glut of oil on the market in the summer?
And they are used to undercut in the marketplace people who, by dint of great application and insane overtime hours, self-improvement and industrial/business currency in their skill area, command a fair compensation of $120k.
It's all about chiseling people who have earned their pay. It's about subverting honest effort and self-improvement. It's about demanding a discount because, as an old boss once told me, "I want the money."
It's about NOT an honest day's pay for an honest day's work.
Maybe but they don’t intend to sell it cheap.
You must have your eyes closed. The story is very credible. Where do you think all these Indian and Pakistani programmers came from?
Lots of idled tankers, look for that situation to change. If many jump on this trend, I would think that it would cause a glut.
FTA
Traders have hired tankers to store at least 15 million barrels of North Sea oil, according to the median estimate of six North Sea traders and analysts surveyed this week. As many as 80 million barrels of crude are being stored at sea globally, Frontline Ltd., the largest owner of supertankers, said yesterday
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