Posted on 01/03/2003 1:29:13 PM PST by madfly
Edited on 04/13/2004 2:41:37 AM PDT by Jim Robinson. [history]
The Bush administration, under fire for its handling of the economy, has quietly killed off a Labor Department program that tracked mass layoffs by U.S. companies.
The statistic, which had been issued monthly and was closely watched by hard-hit Silicon Valley, served as a pulse reading of corporate America's financial health.
(Excerpt) Read more at sfgate.com ...
The LAC that the poster you rebut noted are bang on. A company is required to follow all these restrictions. We have a LAC file filled with all of these, and they must be constantly updated. I will grant you, that the INS, even when an audit is requested by the employer, don't show up very often, but you must comply, regardless.
FYI, this engineer is the lowest paid in our cadre of engineers, but it is the prevailing wage.
That is NOT how the program works in reality. At least as described to me by the South Africans and the Mexicans and the Malaysians that I worked with... before all of the US Citizen contract programmers were laid off, that is.
YOU are the one who is full of it.
I find it hard to undestand too. I am amazed at the posters who cavalierly dismiss it based on their belief that all government programs are bad.
This program is important because it gives anyone wanting to discuss the state of the nation important,comprehensible data that can be used to buttress analyses that include the fact that if this country doesn't step back and rethink where we have been going for some time now,and make some adjustments,we are doomed.
I would surmise that the program was eliminated so as not to disturb the optimism that is engendered by promoting the idea that you can hold up the market by believing "that thinking can make it so."
Thanks for a good post.
Anyone who doesn't want to ever be able to be fired should employ themselves. They certainly shouldn't work for huge corporations.
The last thing we want is economists running our country.
And I'm sure the H1B worker who is paid much less than the prevailing wage will immediately report this grievous injustice to the INS.
Yep. I'm sure he's going to do exactly that. < / sarcasm >
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