Once again, the media focused on a House special election (in suburban Atlanta) as a referendum — and, once again, the outcome didn’t fit the narrative of an anti-Trump voter backlash. What we’ve known since the Clinton years: such contests aren’t a good tell of a presidency’s political health.
There is nothing novel about President Trump bashing trade agreements like NAFTA, KORUS or the TPP. What was novel was Trump’s Tuesday attack on Trade Promotion Authority.The President is challenging the means by which Congress maintains its constitutional control over trade policy.
The minimum wage for H1B visa recipients is $60,000, unchanged from 1989. Let me emphasize that for you. Our government is permitting companies to bring in foreign skilled labor at 1989 wages, completely undercutting the American workforce and driving down wages.
Today President Trump signed an executive order to reform the program.
“Right now, H-1B visas are awarded in a totally random lottery — and that’s wrong,” said Trump.
Annually, there is a quota of 85,000 new visas, with 20,000 reserved for master’s degree holders. To give you an idea how voracious an appetite American tech firms have for foreign labor, this was the fifth year in a row the cap had been met within 5 days.
The order was seen as a ceremonial media event, having little to no bearing on actual law. In order to effect real change, congress will need to change the law.
Tucker Carlson took on Mark Cuban to discuss the law — who is supportive of the H1b visas because MUH American exceptionalism and MUH capitalism. While against ‘hoarding’ visas, Cuban is supportive of the program because it allows American companies to hire skilled labor.
Tucker retorted, ‘that’s the talking point, and it makes sense […], but the reality, as you know, is 80% of foreigners admitted under H1b make less than the median income in which the work. In other words, they’re being brought over, not because of their skills, but because they save labor costs. That’s a subversion of the idea.’
Cuban’s reply was to blame the visa hoarders on causing the problem, saying ‘that’s wrong, that’s not at the core of the H1b visa.’
Then Cuban twisted himself into a pretzel, saying ‘But when it comes to competing for the best talent around the world, I’m a big believer in American exceptionalism. I believe we can compete. When we can’t get the job, we get smarter. Work harder, get smarter, you’ll get it the next time around. I think that’s good for everybody.’
WTF? What sort of bullshit was Mark chewing on before spewing out this nonsense? But what about the wage gap, Mark?
Tucker weighed in, ‘except in a lot of those cases, we don’t get smarter, we get unemployed.’ Tucker went on to explain that over 40% of college graduates describe themselves as underemployed. He added, ‘so we have a massive labor pool that’s educated in our system (Cuban nodding), and yet they’re being turned away in favor of people who are being educated abroad. That does not help America in any way.’
(awkward silence, death blow delivered)
The government has an obligation to protect American jobs. By plainly stating that the religion of capitalism can do no wrong and that ‘market forces’ will lead the path towards utopia is rhetoric. By creating loopholes that lower wages, literally taking away jobs from skilled American labor, is the very definition of abdication of duty, in some cases treasonous.
The biggest H1B visa sponsors are:
Ernst and Young
Larsen and Toubro
It’s worth noting, many of those companies are consultants, who then used the skilled labor to work on projects on behalf of their fortune 500 clients. In others words, they’re merely gatekeepers, obfuscating the true nature of how pervasive this program is in the American workforce.
Content originally published at iBankCoin.com
What do you get when you mix a baseball star with mixed martial arts fighters? You get one heck of a celebrity workout.
The mainstream narrative surrounding the sarin gas attack in Syria simply doesn’t add up. Even if you assume that Assad is nothing but a vile monster who would have no problem with gassing his own people, the attack still doesn’t make sense. That’s because even monsters have a sense of self-preservation.
Just days before the attack, Secretary of State Rex Tillerson announced a reversal of a longstanding policy in Washington. He said that the US was no longer absolutely determined to oust Assad. America’s six year war against his regime was basically over. So why would Assad reignite a conflict with the world’s preeminent superpower with a chemical weapons attack? A conflict that I might add, would greatly reduce the chances of him remaining in power?
Assad is by no means a good guy. He’s not even an okay guy. He is definitely a despot who relies on violence to suppress the population. But he’s never shown any signs of being suicidal. Six years of fighting to maintain his rule proves that. What’s much more likely is that Assad is being set up.
Don’t believe our government’s claims about satellite photography catching Assad’s aircraft dropping the sarin. In fact, the little evidence that has been provided falls on its face once you take a closer look. That’s the determination of Theodore Postol, a physicist and professor at MIT, who reviewed documents released by the White House regarding the gas attack.
Postol said: “I have reviewed the [White House’s] document carefully, and I believe it can be shown, without doubt, that the document does not provide any evidence whatsoever that the US government has concrete knowledge that the government of Syria was the source of the chemical attack in Khan Sheikhoun, Syria at roughly 6am to 7am on 4 April, 2017.
“In fact, a main piece of evidence that is cited in the document point to an attack that was executed by individuals on the ground, not from an aircraft, on the morning of 4 April.
That evidence is a photograph of the shell that delivered the sarin gas, which according Postol, shows signs of having explosives set on top of it before being detonated on the ground.
That sounds a lot more like the work of the rebels, not the Syrian government.
“The explosive acted on the pipe as a blunt crushing mallet,” Postol said. “It drove the pipe into the ground while at the same time creating the crater.
“Since the pipe was filled with sarin, which is an incompressible fluid, as the pipe was flattened, the sarin acted on the walls and ends of the pipe causing a crack along the length of the pipe and also the failure of the cap on the back end.”
Keep in mind that Postol is an expert in this field. He’s been advising our government on weapon technologies since the Gulf War. He’s not some armchair scientist. More importantly, after working with our government for so many years, he’s all too familiar with how unreliable intelligence reports from the White House can be.
“All of these highly amateurish mistakes indicate that this White House report, like the earlier Obama White House Report [from Ghouta in 2013], was not properly vetted by the intelligence community as claimed.
“I have worked with the intelligence community in the past, and I have grave concerns about the politicisation of intelligence that seems to be occurring with more frequency in recent times – but I know that the intelligence community has highly capable analysts in it.
“And if those analysts were properly consulted about the claims in the White House document they would have not approved the document going forward.”
Once again, our country has made an attack against a sovereign nation without any justification.
As Liberty Blitzkrieg's Mike Krieger so eloquently concludes:
Pretty much every official statement emanating from the U.S. government these days is a deception, fabrication, or outright lie. I understand that this is a hard thing for a U.S. citizen to admit, but as James Baldwin so accurately stated: “Not everything that is faced can be changed, but nothing can be changed until it is faced.”
So let’s go ahead and face the facts. Governments lie. Governments have always lied. Extremely corrupt, imperial governments overseeing societies in deep economic and cultural decline lie even more. This isn’t conspiracy theory, it’s what obviously happens when you combine tremendous power with human nature.
The U.S. government is completely rogue and determined to drive the U.S. into an unwinable war based on false pretenses, which doesn’t serve the national interest. These lunatics must be stopped.
Tree Planet hopes to one day help 100 million people plant 100 million trees “to make green the most visible color on our planet.”
A ‘shocking’ discovery was made when a pair of researchers at Harvard Business School decided to analyze the impact of higher minimum wages in San Francisco on restaurant failures…hint: they went up.
Entitled “Survival of the Fittest: The Impact of the Minimum Wage on Firm Exit“, this latest study on the devastating consequences of minimum wage was conducted by Dara Lee Luca and Michael Luca and concluded that each $1 increase in the minimum wage results in a roughly 4-10% increase in the likelihood of a restaurant going out of business.
In this paper, we investigate the impact of the minimum wage on restaurant closures using data from the San Francisco Bay Area. We find suggestive evidence that an increase in the minimum wage leads to an overall increase in the rate of exit.
This paper presents several new findings. First, we provide suggestive evidence that higher minimum wage increases overall exit rates among restaurants, where a $1 increase in the minimum wage leads to approximately a 4 to 10 percent increase in the likelihood of exit, although statistical significance falls with the inclusion of time-varying county-level characteristics and city-specific time trends. This is qualitatively consistent but smaller than what Aaronson et al. (forthcoming) find; they show that a 10 percent raise in the minimum wage increases firm exit by approximately 24 percent from a base of 5.7 percent. Differences in sample and specifications may account for the differences between our study and theirs.
Moreover, as we’ve pointed out the past, it’s the low-income workers, the ones that minimum wage hikes are intended to help, that end up getting hurt the most when misinformed liberal politicians decide to meddle in labor markets. But, as this new HBS study points out, low-income workers don’t just lose their jobs when minimum wages are hiked…they also lose access to cheap casual dining options as lower-rated, cheaper restaurants are much more likely to fail when their costs are artificially raised.
Next, we examine heterogeneous impacts of the minimum wage on restaurant exit by restaurant quality. The textbook competitive labor market model assumes identical workers and firms who therefore are equally likely to share in the minimum-wage generated employment and profit losses. However, models that depart from the standard competitive model to allow for heterogeneous workers and firms suggest that a minimum wage increase would cause the lowest productivity firms to exit the market (Albrecht & Axell, 1984; Eckstein & Wolpin, 1990; Flinn, 2006). We show that there is, in fact, considerable and predictable heterogeneity in the effects of the minimum wage, and that the impact on exit is concentrated among lower quality restaurants, which are already closer to the margin of exit. This suggests that the ability of firms to adjust to minimum wage changes could differ depending on firm quality. Finally, we provide evidence that higher minimum wages deter entry, and hastens the time to exit among poorly rated restaurants.
And while we enjoy the affirmation of a conclusion that we’ve presented multiple times from such a reputable organization as Harvard, one which pretty much anyone could deduce with the application of just a moderate amount of common sense, for some reason the following scene from “Good Will Hunting’ comes to mind.
“You dropped $150,000 on a fucking education you could’ve got for a $1.50 of late charges at the public library.”
The full study can be read here:
Beijing shouldn’t confuse India’s Modi with Philippines’ Duterte.
One Ring to rule them all, One Ring to find them,
One Ring to bring them all and in the blueness … bind them.