The wholesale displacement of over 50 workers in Silicon Valley is really about race-replacement. The older workers (who built the products that built the companies that created the valley) were almost without exception white men.
They have been replaced by low cost (at least initially) Indian and Chinese H1-B workers. Both Tandem and HP hired hundreds of ‘contractors’ from Tata Consulting starting in the early 1990s. These workers were paid a small monthly stipend (something like $1000 a month) by Tata, and a $50,000 bulk payment at the end of their contract, upon return to India.
Tata thus avoided paying millions in payroll taxes, and Social Security for these “contractors”. HP saved $50,000 or more per employee per year.
White Americans who built an industry that provided much of the growth for the American economy were sold out by politicians and greedy management. Carly Fiorina, current Republican hopeful for US Senator is a poster child for this class. Personally, I’d just as soon leave Boxer in there.
The American elite doesn’t like the large, hornry White professional middle class and will continue to find ways to replace us with more docile Indians and Asians. Plus, they like more variety in their lunch restaurants then we can provide.
Excuse my spelling. “hornry” should be “ornery”, as in: stubborn, individualistic, unwilling to be subservient.