Employers should have to pay double SSN/Medicare for any h1b employeeThis has a lot broader implications too. Like the tech industry and many white collar positions. I, an American in America, have to compete with the third world for jobs in my local vicinity.
When people apply to jobs today half the applicants are in India looking for H1B visas to do them. Even if the company outright states they aren't supporting visas the effects of globalism still clog up the recruitment pipelines by wasting time. We opened a junior analyst role two weeks ago. We got 500 applicants in a few hours for a job in Austin, Texas.
Of that 500?
1. ~200 Indians in India looking for H1B.
2. ~200 Indians in USA on H1B.
3. ~100 US Citizens in the US.
Not great that we failed short of 5250, I exited longs at 5212, just wait and see if we can set a higher low now.
Powell soon
I think that was the bottom (at least for now)
Yes. It's a 4 year consumer tax on an already overburdened population, thanks to an ADDITIONAL 4 years of consumer tax they've just endured.New President comes in 2028 and unravels them back to where they were. 4 years of damage without the possible eventual gains. News media simply blasts this for the next 10 years to get the far left elected.
Is this tech industry? thats nutsThis has a lot broader implications too. Like the tech industry and many white collar positions. I, an American in America, have to compete with the third world for jobs in my local vicinity.
When people apply to jobs today half the applicants are in India looking for H1B visas to do them. Even if the company outright states they aren't supporting visas the effects of globalism still clog up the recruitment pipelines by wasting time. We opened a junior analyst role two weeks ago. We got 500 applicants in a few hours for a job in Austin, Texas.
Of that 500?
1. ~200 Indians in India looking for H1B.
2. ~200 Indians in USA on H1B.
3. ~100 US Citizens in the US.
This has a lot broader implications too. Like the tech industry and many white collar positions. I, an American in America, have to compete with the third world for jobs in my local vicinity.
When people apply to jobs today half the applicants are in India looking for H1B visas to do them. Even if the company outright states they aren't supporting visas the effects of globalism still clog up the recruitment pipelines by wasting time. We opened a junior analyst role two weeks ago. We got 500 applicants in a few hours for a job in Austin, Texas.
Of that 500?
1. ~200 Indians in India looking for H1B.
2. ~200 Indians in USA on H1B.
3. ~100 US Citizens in the US.
I’m far from any sort of expert but the fact that everyone “bought the dip” yesterday (myself included for a fair chunk) makes me think we have a long way to go on the downside.Unsolicited advice for those experiencing this type of event for the first time. Go back and read this thread in the mid Feb - end of Mar 2020 timeframe. It might give you an insight as to what we saw, and how we were thinking in terms of a serious market downturn.
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