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This is an incorrect statement to make with the red hot jobs market that we have now. Extremely low unemployment, sky high salaries in a typical H1B sector - te

This is an incorrect statement to make with the red hot jobs market that we have now. Extremely low unemployment, sky high salaries in a typical H1B sector - tech. It has rarely been easier to get a job than it is now.

whenanother 7y ago
this has been debunked. some speculate that most of the difference in employment is in how the us counts uber drivers as being employed. considering that it is the tech companies most involved in hiring h1b. it is not surprising that they are the main entities pushing this lie.
- H8crilA 7y ago
  Why don't you show those studies that prove how the world finance, including the FED, has it backwards so I can pull a 2008-style big short? If you're right it shouldn't be hard to pull off a 5x return on investment through well placed shorts. Also, the hot jobs market is not an American phenomenon. It's worldwide: The Economist | The great jobs boom https://www.economist.com/leaders/2019/05/23/the-rich-world-is-enjoying-an-unprecedented-jobs-boom https://www.economist.com/leaders/2019/05/23/the-rich-world-...
  - whenanother 7y ago
    uber is global. bet there is a direct correlation with uber setting up shop and countries suddenly getting low unemployment.
    - H8crilA 7y ago
      Let's make that bet together! I'm willing to put 50k USD on this. Show me the numbers.
      - whenanother 7y ago
        https://www.businessinsider.com/uber-lyft-drivers-gig-economy-unemployment-numbers-2019-4 https://www.businessinsider.com/uber-lyft-drivers-gig-econom... It's so obvious that this is a gig economy thing where survey data are being manipulated for the benefit of these tech companies. the issue is that these companies can't justify all the h1b requests if so many us citizens are out of work. to fix that it's clear they are fudging the definition of an employee. https://www.cbsnews.com/news/feds-first-rate-cut-in-10-years-what-it-could-mean-for-your-finances/ https://www.cbsnews.com/news/feds-first-rate-cut-in-10-years... they've lowered the fed fun rate for the first time in over 10 years. the unemployment numbers are effectively a sham. you can't have recessionary pressures and "full employment".
thephyber 7y ago
I'm not going to say you are wrong, but I would say your characterization is overstating the quality of the current job market in the US. > Extremely low unemployment This is accurate, if you measure U3 -- which is short term unemployed, as measured by surveys required to get short term unemployment insurance. If you measure the labor participation rate (U6), it shows something less than "extremely low unemployment". That said, I think it's largely a problem with the candidates/employees and their mismatch between company expectations. Many unemployed have already filed for disability, so it's illegal for them to apply to work again. Many are convicted felons and have a criminal record which makes them unemployable in many careers. Many have life problems (learning disability, extreme substance abuse, illiterate, can't hold down a job, live in a region with a death of job openings and unable/unwilling to move, caring for a dependent, etc).

whenanother 7y ago

this has been debunked. some speculate that most of the difference in employment is in how the us counts uber drivers as being employed. considering that it is the tech companies most involved in hiring h1b. it is not surprising that they are the main entities pushing this lie.

H8crilA 7y ago
Why don't you show those studies that prove how the world finance, including the FED, has it backwards so I can pull a 2008-style big short? If you're right it shouldn't be hard to pull off a 5x return on investment through well placed shorts. Also, the hot jobs market is not an American phenomenon. It's worldwide: The Economist | The great jobs boom https://www.economist.com/leaders/2019/05/23/the-rich-world-is-enjoying-an-unprecedented-jobs-boom https://www.economist.com/leaders/2019/05/23/the-rich-world-...
- whenanother 7y ago
  uber is global. bet there is a direct correlation with uber setting up shop and countries suddenly getting low unemployment.
  - H8crilA 7y ago
    Let's make that bet together! I'm willing to put 50k USD on this. Show me the numbers.
    - whenanother 7y ago
      https://www.businessinsider.com/uber-lyft-drivers-gig-economy-unemployment-numbers-2019-4 https://www.businessinsider.com/uber-lyft-drivers-gig-econom... It's so obvious that this is a gig economy thing where survey data are being manipulated for the benefit of these tech companies. the issue is that these companies can't justify all the h1b requests if so many us citizens are out of work. to fix that it's clear they are fudging the definition of an employee. https://www.cbsnews.com/news/feds-first-rate-cut-in-10-years-what-it-could-mean-for-your-finances/ https://www.cbsnews.com/news/feds-first-rate-cut-in-10-years... they've lowered the fed fun rate for the first time in over 10 years. the unemployment numbers are effectively a sham. you can't have recessionary pressures and "full employment".

thephyber 7y ago

I'm not going to say you are wrong, but I would say your characterization is overstating the quality of the current job market in the US. > Extremely low unemployment This is accurate, if you measure U3 -- which is short term unemployed, as measured by surveys required to get short term unemployment insurance. If you measure the labor participation rate (U6), it shows something less than "extremely low unemployment". That said, I think it's largely a problem with the candidates/employees and their mismatch between company expectations. Many unemployed have already filed for disability, so it's illegal for them to apply to work again. Many are convicted felons and have a criminal record which makes them unemployable in many careers. Many have life problems (learning disability, extreme substance abuse, illiterate, can't hold down a job, live in a region with a death of job openings and unable/unwilling to move, caring for a dependent, etc).