OBAMA-CLINTONOMICS: SERVE THE RICH, WALL STREET CRONIES AND LA RAZA, THE MEX FASCIST PARTY of AMERICA....
Then hand what is left of the American middle class the tax bills for bailouts and Mexico's crime wave in our open borders and LA RAZA "The Race" welfare state on our backs!
MORE HERE:
http://mexicanoccupation.blogspot.com/2016/03/hillary-clinton-says-hell-no-to-hiring.html
March 11, 2016
Oops! Clinton Foundation outsourced tech jobs to H-1B visa holders
The Bill, Hillary, and Chelsea Clinton Foundation, which does “wonderful work” (if you ask Hillary), also has sought to hire a lot of foreign tech workers brought to the country under the H-1B visa program to fill
jobs Americans supposedly can’t be found to perform. Breitbart reports:
The Clinton family charities have outsourced many U.S. white-collar jobs to foreign college graduates instead of hiring American college graduates.
The outsourcing started in 2004 and it continues to this year. When asked if the foundation is still hiring foreign white-collar workers via the controversial H-1B visa program, Vena Cooper, one of the foundation’s personnel officers, responded “We do.”
The foundations declined to answer questions from Breitbart News, but available data shows they sought to hire up to 130 foreign graduates. That’s roughly half the number of 250 jobs outsourced by Disney last October, which has reignited political criticism of the middle-class outsourcing program.
The 130 foreign graduates sought by the Clinton’s foundations were and are not immigrants. Instead, they’re temporary “guest” workers who fill outsourced professional jobs for up to six years.
The Clintons’ foreign graduates have been hired via the H-1B visa program that also is used by Disney and U.S. corporations and universities to employ a population of roughly 650,000 young and cheap foreign professionals in business, design, healthcare, software, science, education, p.r. and media and pharmaceutical jobs. After their six years in the United States, most H-1Bs return
home with the work-experience and connections that help them compete against U.S. professionals in the global marketplace.
The young foreign H-1B professionals are also used to push down average salaries earned by experienced and older American professionals. In turn, those salary cuts boost profit margins and company values on Wall Street.
Hey, those private jets and 5-star luxury hotels favored by the traveling Clintons don’t come cheap, so they’ve got to pinch pennies wherever they can. And besides, a lot of their money comes from foreign sources, so
they’re just returning it to some of the home countries.
MORE HERE:
http://mexicanoccupation.blogspot.com/2016/03/hillary-clinton-says-hell-no-to-hiring.html
Wage gap: 'Average' CEO salary less than one Hillary speech
Democratic presidential candidate Hillary Rodham Clinton's
charge that corporate CEOs earn 300 times more than their workers isn't
just wrong. It hides another very real wage gap: She earns more in just
one speech than the average American CEO in a year.
Mark J. Perry, a University of Michigan professor and author of
the American Enterprise Institute's popular Carpe Diem blog, did the
fact-checking of Clinton's numbers and came up with that result.
The average CEO, using Bureau of Labor Statistics figures, makes
$216,100. On the stump, Clinton's agent, the Harry Walker Agency Inc.,
charged $275,000 a speech and packaged three for Wall Street's Goldman
Sachs at $675,000.
Perry used the BLS average salary for all CEOs, not just the top
ones Clinton likes to cite. He also found that the average worker
salary is $48,920, about what it was in 2009. That translates into an
apples-to-apples wage gap of 4.4-to-1.
Paul Bedard, the Washington Examiner's "Washington Secrets" columnist, can be contacted at pbedard@washingtonexaminer.com.
US employment report: Payrolls rise, wages fall
By
Barry Grey
5 March 2016
President Barack Obama seized on the February employment report,
released Friday morning by the Labor Department, to tout the supposed
“success” of his economic policies and paint a picture of a thriving US
economy. The report, which showed a larger-than-predicted growth in
private nonfarm payrolls of 242,000 jobs, confirmed that the US economy
was “the envy of the world,” Obama told reporters at a White House
appearance.
“The fact of the matter is that the plans that we have put in place
to grow the economy have worked,” he boasted.” He derided “an
alternative reality out there from some of the political folks that
America is down in the dumps.” He countered, “America is pretty darn
great right now.”
He did not attempt to explain why the “alternative reality,” which
his labor secretary, Thomas Perez, attributed to “fear-mongers and
fact-deniers,” is believed by tens of millions of Americans, whose anger
over economic injustice is dramatically reflected in the current
election campaign.
One does not have to look too closely at the Labor Department’s
report, however, to get an idea of what is fueling the social
indignation of working people in the eighth and final year of the Obama
administration. Behind the top-line number for new jobs and the
quasi-fictional official unemployment rate of only 4.9 percent, ongoing
trends with disastrous consequences for the working class are evident.
They account for two other important indices in the report: a decline in
average earnings from the previous month of 3 cents, or 0.1 percent, to
$25.35, bringing the increase for the year down to just 2.2 percent,
and a fall in the average private-sector workweek of 0.2 hours to 34.4
hours, a two-year low.
These two figures arise from the fact that the vast bulk of new jobs
created in February were low-wage and a huge percentage were part-time.
The low-paying service sector—retail, bars and restaurants, health
care—accounted for 245,000 jobs. The reality of recession in basic
production was reflected in a 16,000 decline in manufacturing and the
loss of another 19,000 mining jobs, bringing to 171,000 the total
decline in mining since September 2014. The only better-paying
industrial sector that saw an increase was construction, which recorded a
gain of 19,000.
Another figure highlights the hollow and socially regressive
character of Obama’s so-called “recovery.” The financial cable network
CNBC pointed out that according to the Labor Department’s household
survey, which is the basis for the unemployment rate figure (the figure
on payroll growth is derived from a separate survey of business
establishments), full-time jobs increased in February by only 65,000,
while part-time positions increased by 489,000. This means that a mere
11.7 percent of new jobs in February were full-time!
These statistics point to the fact that the American ruling class,
through its instrument, the Obama administration, has utilized the
financial crash of 2008, for which it was responsible, to fundamentally
reorganize the US economy, transforming it into a low-wage system. The
millions of decent-paying jobs that were destroyed have been largely
replaced by poverty-wage, part-time and temporary jobs.
The median household income has fallen sharply. Pensions and health
benefits have been gutted, schools closed by the thousands, teachers and
other public workers laid off by the millions. At the other end, the
Federal Reserve and the US Treasury have pumped trillions of dollars
into the financial markets, driving up the stock market and bringing the
concentration of wealth at the very top to unprecedented levels. This
is what Obama lauds as “success.”
Meanwhile, millions of Americans remain mired in long-term
unemployment. The number of long-term unemployed, defined as without
work for 27 weeks or more, was essentially unchanged at 2.2 million in
February. This number has not shifted significantly since last June. The
long-term jobless accounted last month for 27.7 percent of the
unemployed, a far higher percentage than in any previous period
categorized as an economic recovery.
A broader measure of unemployment that includes people working
part-time but wanting full-time work and those too discouraged to seek
employment registered 9.7 percent last month, nearly double the official
jobless rate. There are, in addition, millions of people who have
dropped out of the labor market and are not even counted in government
employment reports.
While the employment-to-population ratio edged up to 59.8 percent and
the labor force participation rate rose slightly to 62.9 percent, both
measures remain extraordinarily low by historical standards.
The impact of soaring social inequality and falling living standards
for broad sections of the population is reflected in a growing crisis in
the retail sector. This week, sporting goods chain The Sports Authority
filed for Chapter 11 bankruptcy protection and announced it was closing
at least 140 of its 463 stores and laying off 3,400 of its 13,000
employees. This follows recent announcements by Walmart, Sears/Kmart and
Macy’s of hundreds of store closures and thousands of layoffs.
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