Posts Tagged ‘’

A Market Failure

Tuesday, October 15th, 2013

The penultimate paragraph of a nice post by TM Lutas:

So why has CEO production not drawn attention of the same people addressing the “IT shortage”? Why doesn’t the CEO grooming process create more candidates that drive costs down? Why is shareholder value being squandered in so many cases in highly compensating a stream of short lived, not very good chief executives, who drive the company into disaster time and again?

Go read the whole thing there.

We, the worker bees of this economy, are faced with the prospect of billionaire CEO’s lobbying congress to admit more workers to this country. More workers will only mean depressed wages for us worker bees. This is especially true for the people with the lower skill sets.

I think we should have a contest, like was done in Million Dollar Arm, only this time we search for CEO talent. My preference would be to find some guy that just didn’t quite make the cut for IIT. You know, someone of the wrong caste, or maybe some poor farmer, one of the types that never gets a break in India. There is only about 500 million people that fit this category. There must be a really hardworking and smart young guy that is capable of being the CEO of Facebook within that group. He’s probably do it for about one quarter of what Zuckerberg takes home.

Who’s in?

The Bogus High-Tech Worker Shortage

Tuesday, July 30th, 2013

How Guest Workers Lower US Wages.

From PBS, no less.

I see that people are starting to push back on this nonsense that there is a shortage of U.S. IT workers.

You couple the lobbying efforts of Mark Zuckerberg and his buddies with the H-1B Visa scams that operate with impunity right now, and the result will be reduced wages for Americans. For both citizens and our current immigrants.

Our immigration policy is a mess. It is not going to be improved by the current immigration bill that was recently passed by the Senate. This should not be surprising to anyone paying attention to Washington. It is difficult to name one single piece of recent legislation from Washington that has improved any thing.

HT: Crimson Reach