Two key parts of the Trump administration have now announced something of a get-tough policy on H-1B employers. Today USCIS released a memo announcing the policy, and DOJ released a similar statement. To my knowledge, this is the first time that American STEM workers have been given a voice.
Increased productivity no longer has an affect on raising wages, because all the gains go to the top — and the decline of labor unions plays a big part; as well as a tax code that Congress has skewed to mostly favor the very wealthy and large corporations.
Jared Bernstein, former economic adviser to Vice President Joe Biden, recently writes:
From his blog: "It’s now possible to sell a new product to hundreds of millions of people without needing many, if any, workers to produce or distribute it ... The ratio of producers to customers continues to plummet ... New technologies aren’t just labor-replacing, they’re also knowledge-replacing ... When more and more can be done by fewer and fewer people, the profits go to an ever-smaller circle of executives and owner-investors ...
For decades the top 0.01% (and their political allies) have been winning the war on working-class Americans (meaning, about 92.2% of the labor force). One particular political party always wants to cut government agencies and programs that protect workers' health, safety and welfare — such as workers' wages, workers' pensions, workers' voting rights and workers' labor unions (like they do with their so-called "Right to Work" laws).
Adam Smith (sometimes referred to as "the father of capitalism") wrote in his magnum opusThe Wealth of Nations (the first modern work of economics): "Labour was the first price, the original purchase-money that was paid for all things.
Last Friday’s payroll jobs report is another government fairy tale or, to avoid polite euphemisms, another packet of lies. Lies just like the House of Representatives Resolution against Russia and every other statement that comes out of Washington.
Washington is averse to truth. Washington can only lie.
The rich get richer and income inequality in America continues to grow in 2013. The wage situation improved from 2012, but it's still pretty bad. The median wage was $28,031.02 in 2013 a paltry 1.9% increase from 2012. While the ratio of median wage to average wage improved, the 110 super rich are now earning 2595 times more than average workers.
The Dow Jones stock average closed early September Friday at 17,137, despite the fact that the payroll jobs report was a measly 125,000 new jobs for August, an insufficient amount to keep up with the growth in the working age population.
The rich get richer and income inequality in America continues with no end in sight. The latest evidence is from the social security administration The gap between rich and the rest of us continues to grow.
Happy Labor Day! The national holiday came about as an actual day of contrition by Congress for murdered striking railroad workers, although a union, the Knights of Labor, had been organizing celebrations before the Pullman Strike, along with the Central Labor Union.
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