Posted on 02/11/2016 8:12:49 PM PST by MarchonDC09122009
75% of Silicon Valley's Tech jobs go to Foreign born workers - Palo Alto Online
http://www.paloaltoonline.com/news/2016/02/10/silicon-valleys-year-amazing-but-with-perils
Palo Alto Online News Uploaded: Wed, Feb 10, 2016, 8:34 pm
Silicon Valley's year: 'amazing' but with 'perils' 2016 Silicon Valley Index finds phenomenal economic growth but questions if it will last
by Sue Dremann / Palo Alto Weekly
Joint Venture Silicon Valley's annual economic study found that 2015 was a year of record-breaking growth and prosperity, but it cautioned that there are perils associated with this kind of break-neck trajectory. It cautioned that a fourth-quarter slowdown, raised the question of whether it marks the beginning of the burst of a bubble.
The 2016 Silicon Valley Index, which has been published since 1995, found that Silicon Valley employment increased 4.3 percent in 2015, a level that has been unprecedented in any other year except 2000, Russell Hancock, president and CEO, said during a Wednesday press conference.
-snip-
The area's ethnic demographics related to jobs is also shifting. Thirty-seven percent of the population in San Mateo and Santa Clara counties are foreign born, compared to 13 percent in the U.S. overall. *Among the working population, 45 percent are foreign born, but in the tech, computer and STEM industries, that number rises to 75 percent, according to the Index.*
(Excerpt) Read more at paloaltoonline.com ...
RubiOwned by them.
I had a nightmare last night, Washington,D.c, was leveled by a nuke......and there were survivors.
If 75% are going to foreign born workers and they’ll work for less. Then how are all the white hipsters in SanFran, who are supposedly in the tech business, able to pay $4000 a month for 300sf studio?
Your posted link does not match the title of the article.
Silicon Valley’s year: ‘amazing’ but with ‘perils’
The H1B scam - it’s about pumping up the real estate values in places where nobody wants to live.
Typical. I wouldn’t be surprised if our next President is a foreign born worker.
I am going to be in the minority here on good old FR on this issue. It’s simple math for me.
75% Foreign born engineers and those with technical skills.
3%-5% unemployment for those groups.
My interpretation of these facts: We are not generating enough scientists, engineers and technical types to meet the demand of the high tech industries. So industry imports the help they need.
Although I don’t have the facts at my finger-tips the last time I looked engineers still wet behind the ears and just out college were being offered $70-$85K. Not bad.
Bottom line: Tell your kids that we don’t need any more psychology majors and actors. Study something where there is a real demand: STEM.
in a sane world, we could expect maybe 5% of jobs to go to foreigners
like, most of them do not have unique skills Americans lack!
(keeping in mind, too, that SillyCon Valley was spawned by Stanford University right there at Palo Alto (and Stanford remains, depending on what polls you read, the number 1 or 2 or 3 engineering college in the world). Also, while ost of its graduates generally get good jobs, there have been times when some of its very top graduates have been unable to even get any interviews by high-tech SillyCon Valley firms... and there are other engineering colleges both in the area and in USA with available graduates...
there is almost no need to be importing foreign labor!
Here is some insider info, as well.
The number one being hired now isn’t Indians for example, which in fact have become “too expensive”, nor Philippians - it is Pakistanis. God’s truth. It is Pakistanis.
And as far as field workers, the Mexican illegals are going to be competing with Somalis from Africa for picking lettuce or grapes. You watch. However, most of the Somalis are HIV positive, but that is ok, we will be paying for their meds.
That means you have to study too hard and can't connect with your friends on your iPhone all day.
Don't they all get a trophy?
Let me help you with your grossly incomplete information:
http://cis.org/more-us-stem-grads-than-jobs
And that is from 2013.
I used to do employee benefit enrollment so in Silicon Valley 20 years ago. There were many Indians there and the white guys were being pushed out. H1b visas. The big companies could pay the foreign born half what they had to pay the white engineers. Half is a very large amount of money for the investors. Clinton was President at the time.
I don’t know why the white American engineers didn’t March on Washington or try to make their plight better known.
Engineer Irwin Feerst in New York tried to fight this hiring of foreigners problem...way back in the 70’s....
(he testified in Congress, wrote many essays and letters to editors, and came within a hair of winning the presidency of the IEEE, too, but the captains of the industry managed to defeat him...and his entire record, effort has somehow been magically almost erased off the internet (history is written by the victors....Orwell/Churchill/and many additional). But at any event, the engineering firms were hiring tons of foreigners a half-century ago....verily, there’s very little genuinely new under the sun these days....
Yep. I’m a QA lead on a project with a major bank in Boston that is staffed at 70% foreign born.
If your numbers are correct we should see technical salaries dropping like a rock and huge unemployment numbers in the tech sector.
Neither is happening.
that would make it two in a row
“75% Foreign born engineers and those with technical skills.
3%-5% unemployment for those groups.”
“My interpretation of these facts: We are not generating enough scientists, engineers and technical types to meet the demand of the high tech industries. So industry imports the help they need.”
Unfortunately, I agree with your post. “hard” science is...well...hard. And it takes long hours of study and work. I’m not seeing a lot of US-born students doing those things.
People think that Chinese and Indian kids with math contests and spelling bees because they are “just smart”. Bull. Behind what seems effortless was a lot of hard work by those kids AND their parents.
I can confirm by visual inspection the same numbers at another huge technology company outside the Bay Area.
I watched the U.S. born workforce go from around 65% to 25% in four years at my company.
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