Anonymous wrote:It’s definitely a demand issue. The Reuters story makes that clear:
“ Amazon (AMZN.O), opens new tab is planning to cut as many as 30,000 corporate jobs beginning on Tuesday, as the company pares expenses and compensates for overhiring during the peak demand of the pandemic, according to three people familiar with the matter.”
Anonymous wrote:Anonymous wrote:And we are hiring without experience. Paying $30-40 an hour and still can't find workers.
They just need to find us.
care to share who you are?
Anonymous wrote:It’s definitely a demand issue. The Reuters story makes that clear:
“ Amazon (AMZN.O), opens new tab is planning to cut as many as 30,000 corporate jobs beginning on Tuesday, as the company pares expenses and compensates for overhiring during the peak demand of the pandemic, according to three people familiar with the matter.”
Anonymous wrote:I spoke to a friend in an unrelated industry and AI is eliminating the need for middle management. Their company is just waiting for people to leave and not rehiring vs doing a mass layoff.
Anonymous wrote:And we are hiring without experience. Paying $30-40 an hour and still can't find workers.
They just need to find us.
Anonymous wrote:Anonymous wrote:Anonymous wrote:
The Optional Practical Training (OPT) for foreign students who have graduated from American universities allows all foreign graduates to receive a 12-month work permit, but STEM graduates are eligible for an additional 24-month work permit. Businesses are using this program to circumvent H-1B visa caps and American and legal immigrant graduates are losing out:
OPT has grown more than 400% in recent years and is bigger than the H-1B program.
From 2007 to 2017, employers hired 2.5 million OPT and CPT workers.
Employers don't have to pay payroll taxes on OPT employees, making them 15.3% cheaper to hire. The FICA fund loses out on $2.5 billion each year due to this.
FICA is used to fund Medicare and Social Security, something a temporary worker is not entitled to receive.
Would it be better if we pay to train these fresh graduates and then kick them out, meaning they provide no economic output to the US?
Better that than have our own citizens be unemployed after finishing their education.
Anonymous wrote:Anonymous wrote:
The Optional Practical Training (OPT) for foreign students who have graduated from American universities allows all foreign graduates to receive a 12-month work permit, but STEM graduates are eligible for an additional 24-month work permit. Businesses are using this program to circumvent H-1B visa caps and American and legal immigrant graduates are losing out:
OPT has grown more than 400% in recent years and is bigger than the H-1B program.
From 2007 to 2017, employers hired 2.5 million OPT and CPT workers.
Employers don't have to pay payroll taxes on OPT employees, making them 15.3% cheaper to hire. The FICA fund loses out on $2.5 billion each year due to this.
FICA is used to fund Medicare and Social Security, something a temporary worker is not entitled to receive.
Would it be better if we pay to train these fresh graduates and then kick them out, meaning they provide no economic output to the US?
Anonymous wrote:Sighhh spouse works there. Just praying they are not impacted.