Housing Values May Drop Over 50% In Silicon Valley (San Jose, Sunnyvale: renting, unemployment)

[Dave Coe]

Originally Posted by silverkris

There isn't anything preventing people from these countries immigrating to the US on talent or merit vis-a-vis your big boogeymen of China and India. They can and apply for H1Bs like any other nationals, and have done so, It's just that India and China have a very large established population and talent base for technical talent.

It's a massive problem having one or two country make up a large portion of immigrants. Besides both of those countries having over a Billion people each immigration is geared towards family reunification which favors a handful of countries that already have established populations. Also Corporations prefer labor from India that they can exploit then workers from say Germany who come from a society where there is strong labor standards. Basically the corporate elite want Americans workers to be at the same level as third world workers where there are no labor rights. Indians in tech are willing to work longer hours for less but that only benefits the CEO's and shareholders and not society at large or technological innovation.

[Pruzhany]

Originally Posted by Dave Coe

... Also if merit base immigration is implemented it will diversify the pool to include countries such as the UK, Germany, Russia, Poland, South Africa Israel, Argentina ect.....

Most of these don't want to come to the US as H1B's. They come as L-1's, do their specific job, go home and come back again when needed again.

[silverkris]

Originally Posted by Dave Coe

It's a massive problem having one or two country make up a large portion of immigrants. Besides both of those countries having over a Billion people each immigration is geared towards family reunification which favors a handful of countries that already have established populations. Also Corporations prefer labor from India that they can exploit then workers from say Germany who come from a society where there is strong labor standards. Basically the corporate elite want Americans workers to be at the same level as third world workers where there are no labor rights. Indians in tech are willing to work longer hours for less but that only benefits the CEO's and shareholders and not society at large or technological innovation.

Well then the issue is really about enforcement of labor standards on an international basis, rather than trying to assign blame to certain countries or nationalities.

[phantompilot]

Originally Posted by Dave Coe

It's a massive problem having one or two country make up a large portion of immigrants. Besides both of those countries having over a Billion people each immigration is geared towards family reunification which favors a handful of countries that already have established populations. Also Corporations prefer labor from India that they can exploit then workers from say Germany who come from a society where there is strong labor standards. Basically the corporate elite want Americans workers to be at the same level as third world workers where there are no labor rights. Indians in tech are willing to work longer hours for less but that only benefits the CEO's and shareholders and not society at large or technological innovation.

Exactly. When I explained these unethically acquired excess profits are the source of the current Tech bubble, I was scoffed at by people that are clueless about economics.

[phantompilot]

Originally Posted by MediocreButArrogant

We can't hire fast enough. We have so much unspent cash just piled in the hallways that I have to use a shovel to clear a path to my office, on those days I bother to even show up. We need to hire people just to stack the money.

Life is good.

Well we all know what goeth before a fall.

[phantompilot]

Originally Posted by JohnSoCal

The stats don't support this.

I don't even know what stats you're referring to.

But the party is over. Just the usual drunks that want to shut down the bar still hanging around.

[JohnSoCal]

Originally Posted by phantompilot

I don't even know what stats you're referring to.

But the party is over. Just the usual drunks that want to shut down the bar still hanging around.

The unemployment rate for San Jose/Sunnyvale/Santa Clara has been dropping every month since January.

January: 3.7%
February: 3.6%
March: 3.5%
April: 3.2%

These are the official rates from the BLS. April is the last month listed.

I have been hearing the same old gloom and doom BS that the sky is falling for the last 40 years. Silicon Valley is doing just fine.

[SportyandMisty]

Originally Posted by Dave Coe

It's a massive problem having one or two country make up a large portion of immigrants.

Uh, for whom would that be a massive problem?

[JohnSoCal]

Originally Posted by SportyandMisty

Uh, for whom would that be a massive problem?

It was certainly not a problem for us. We love the diversity of Silicon Valley.

[Perma Bear]

Originally Posted by JohnSoCal

The unemployment rate for San Jose/Sunnyvale/Santa Clara has been dropping every month since January.

January: 3.7%
February: 3.6%
March: 3.5%
April: 3.2%

These are the official rates from the BLS. April is the last month listed.

I have been hearing the same old gloom and doom BS that the sky is falling for the last 40 years. Silicon Valley is doing just fine.

In 2007 and 2000 unemployment was low too.