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Equities are doing good because of massive injections of fiat currency. The stock market isn't even close to being the main indicator of economic health.
AS for the premise of this thread; Microsoft is in the top 5 paying companies with their average employee earning something in the neighborhood of $150k a year. If they're laying off their older employees they'll most likely get a golden parachute. Consider Microsoft has created 12,000 millionaires. I'd say they've done their economic duty quite well.
And meanwhile Bill Gates is in DC lobbing congress for more H1B visa's, because of the perceived lack of skilled workers.
What he really means is a lack of skilled workers willing to work for a fraction of the cost of a regular American worker
Glad to see non techies have taken notice.
Only these CEO's and ex-CEO's have been lobbying for higher H1-B visas since the mid 90's.
The Senate bill that passed doubled the number and automatically adds a percentage more each year now.
I'd be more worried about the new W-Visa the Senate passed though.
That is going to hurt non-techies more than H1-B visas.
Actually this may surprise you, but every time I check state governments it seems like they are also employing less people.
Take a look at California for example if you don't believe me.
Reality is far different then your perception apparently.
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