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Businesses aren't run to provide charity. Tech companies are designed solely to increase housing prices in the Bay Area so poor people can't live there from what I can tell.
If they employ people at good wages and there is limited properties of course it is going to drive real estate prices up. My god, tech companies don't "design" housing prices. It has nothing to do with poor people, it's supply and demand... it's life 101
Moderator cut: .
Last edited by toosie; 12-15-2016 at 05:24 AM..
Reason: TOS - personal attack
IBM announces that it will expand jobs in the U.S. by 25,000. This is only one of several such announcements in recent days. All good news and a remarkable turnabout for our jobless, moribund economy with an estimated 9.7% real unemployment (by the U-6 measure).
Trump is partnering with corporate America to bring back jobs. The real jewel in the crown will be Apple building a domestic plant to assemble phones, something Mr. Trump has been asking Apple chairman Tim Cook to do.
The Chinese can't be too happy with the election results. A man who forcefully opposes lopsided trade deals with China and Mexico, who campaigned on bringing jobs back to America... from China... who will improve American military readiness after eight years of decline. And who wasn't afraid to take a congratulatory phone call from Taiwan.
But to get America working again, we need to take the factories from somewhere, mainly China and Mexico. By lowering taxes and regulations, notably in the area of environmental and energy, we will lower the cost basis for building and operating plants. By renegotiating--and enforcing--trade treaties, we will make it more profitable to export, and slightly less profitable to import.
Some warn this will lead to recession if not a global crash as with the Smoot-Hawley Act of 1930, which is blamed for deepening the Great Depression. However, increasing domestic economic activity is hardly the route to Depression. On the contrary, by establishing a stronger domestic economy with more and better jobs, the U.S. inoculates itself against economic downturns.
It said it will expand 25000 in US..It didnt say all those would be Americans though..IBM has a record of firing a lot of people and one of the top H1B sponsors.
If they employ people at good wages and there is limited properties of course it is going to drive real estate prices up. My god, tech companies don't "design" housing prices. It has nothing to do with poor people, it's supply and demand... it's life 101
That would make sense if the higher salaries could sustain the housing prices but they can't. The median income is much too low.
Last edited by toosie; 12-15-2016 at 05:24 AM..
Reason: Deleted personal attack from quoted material
Tech companies are designed solely to increase housing prices in the Bay Area so poor people can't live there from what I can tell.
Yep no persecution complex to see here, I think you nailed it. Every tech company I've worked for we spend so many hours in meetings trying to figure out how we can further increase Bay Area housing prices just to stick it to the poor people who are prohibited from moving anywhere else.
It is usually the number one bullet point on the CEO's slides about corporate identity.
Yep no persecution complex to see here, I think you nailed it. Every tech company I've worked for we spend so many hours in meetings trying to figure out how we can further increase Bay Area housing prices just to stick it to the poor people who are prohibited from moving anywhere else.
It is usually the number one bullet point on the CEO's slides about corporate identity.
That's believable, also it seems many try to look as much like metrosexual hipsters as possible: wearing skinny jeans and acting effeminate at earnings calls: whether you're apple, facebook, twitter, or tesla it's everywhere. It's like they're a less impressive version of robber barons.
Last edited by Perma Bear; 12-15-2016 at 07:15 AM..
It said it will expand 25000 in US..It didnt say all those would be Americans though..IBM has a record of firing a lot of people and one of the top H1B sponsors.
Small businesses optimism shot up following Trump's victory. Small and medium businesses create most of the new jobs in our economy, so their confidence is vital to our economic health. When they are borrowing more money for investment and expansion, it means more jobs, more demand for services, more business for banks, and more taxes flowing to government coffers.
Small banks do a lot of the lending to small businesses, so without this vital link, our economy is limping along, sputtering. No one hears small businesses as they die. We only hear about the big ones. This was Obama's great mistake, his utter lack of sympathy for business. Now we have not only a real businessman as leader, but a unified Republican government at both the federal and state levels (where the majority of state legislatures now have GOP majorities).
Now, finally, we can look forward to some real economic growth and hiring expansion. This is just the beginning, kids.
Trump is not opposed to the H1B program. He even said he supports it. He tricked you with how he worded the statements. He said he would remove the fraud from the program, or something to that effect. But the wording of that statement was vauge enough that it tricked some people into thinking Trump is against the program.
The vast majority of companies that use H1Bs follow the steps outlined in the rules. On paper there is no fraud. Yep - there are sneaky ways around compliance and loopholes - but these aren't fraud. So Trump could review the program and say that there is no fraud. Or catch a few companies that got sloppy with paperwork and use them as examples and then brag that the fraud is gone. This scenario is more likely because then his supporters will be delighted. But he'll still keep the same volume of H1Bs coming into the USA year after year to work or possibly increase the volume..
I predict that the H1Bs allotted volume will be increased slightly under Trump. Republicans historically want to increase H1B volume. You can guarantee that this was discussed when the tech leaders met with Trump yesterday. They all want to hire more H1Bs and surely they have good talking points to support increasing H1Bs.
"Expand" is different. That implies they will grow by 25k. Hiring 25k could also mean they are letting go of others also, like they have been for many years now. I hear from many sources they only want 20% of their workforce in the US, 80% overseas. Public company = continual focus on cost savings because they have to answer to shareholders.
Holding out hope that Trump is forcing their hand, of course.
Last edited by ovi8; 12-15-2016 at 09:50 AM..
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