Internet billionaire Marc Benioff is urging the GOP Congress and President Donald Trump to fast-track 400,000 foreign visa-workers — plus 400,000 family members — to green cards, the U.S. job market, and the ballot box.
“This is good for our economy,” Benioff said in a Tuesday tweet that was applauded by Silicon Valley lobbyists. “We need to grow our workers to grow our economy.”
Benioff’s comment is a tautology: Expanding the population by importing more than 800,000 people would obviously grow the nation’s economy, retail sales, government taxes, company profits, and Wall Street stock options.
But Benioff’s cheap-labor importation plan would also shrink the income and careers sought by millions of American college graduates, many of whom will vote in 2020 for or against Trump.
The planned giveaway is in a pending House bill, dubbed H.R. 392. It is also hidden in the House version of the 2019 funding package for the Department of Homeland Security. If Trump accepts that funding package, he will help companies import more cheap visa-workers from India and China an inflict more economic and career damage to the nation’s professional-status workforce of at least 55 million American college-graduates.
The nation’s workforce now includes roughly 1.5 million foreign college-graduate contract-workers who are imported via the H-1B, L-1, OPT, O-1, J-1, and other visa programs. These outsourcing workers are not immigrants, but instead, they are contract workers hired for one to six years, at lower wages, to take jobs that would otherwise go to American graduates.
This massive level of middle-class outsourcing has suppressed the wage growth needed by many American graduates to repay their college debts, get married, buy homes, and raise children. For example, the salaries for 21 million “professional and business services” employees rose by just roughly one percent after inflation from the second quarter of 2017 to the second quarter of 2018, according to the Bureau of Labor Statistics. Their after-inflation pay was flat from 2o15 to 2016.
The Americans’ salary loss, however, would be a gain for the CEOs who see their profits rise and their stock options spike as middle-class salaries decline.
The MyVisaJobs.com site shows that Benioff’s company asked for 1,063 H-1B visa workers in 2018, up from 880 in 2017. The site also shows job titles and work locations.
Benioff also sought 1,071 green cards for his contract workers in from 2016 to 2018.
The company’s stock price has doubled since Trump’s election, but Benioff and most of his employees have strongly supported Democrats, including Hillary Clinton in the 2016 election. For example, only 5.2 percent of employee donations to candidates went to GOP candidates in 2018.
Now Benioff and his fellow executives as asking Trump to raise their stock portfolios by fast-tracking green cards to roughly 400,000 foreign contract-workers — plus 400,000 family members — who sidelined hundreds of thousands of American college graduates.
Benioff’s support for the visa workers was echoed by Todd Schulte, who is the director of a pro-migration lobbying group. The Democratic-aligned group, FWD.us, was formed and funded by Facebook’s Mark Zuckerberg, Microsoft’s Bill Gates and numerous other CEOs and investors who prefer to import visa-workers instead of hiring Americans.
Without irony, Schulte’s website declares that “We believe that when every person has the opportunity to achieve their full potential, our families, communities, and economy thrive.”
Amazon is also urging Trump to approve the green-card giveaway. Amazon’s founder, Jeff Bezos, also runs the Washington Post and supported Clinton.
In 2018, Amazon asked the government for almost 6,000 H-1B visa workers and almost 5,000 green cards. Facebook asked for almost 2,400 H-1B workers and 1,400 green cards. Those outsourcing requests add up to 15,000 white-collar jobs sought by U.S. graduates.
Business lobbyists are trying to minimize publicity about their demand for a green-card giveaway and they are pressing GOP leaders behind closed doors to keep the giveaway in the 2019 DHS budget.
But opposition is rising as Americans graduates have begun organizing to block the giveaway. For example, Protect US Workers helped defeat Rep. Kevin Yoder who used his authority as an appropriations chairman to insert the giveaway into the DHS budget.
The American graduates are also using federal data to show U.S. legislators how many Americans’ middle-class jobs are being outsourced in their districts to the foreign workers.
The managing director of Thiel Capital, Eric Weinstein, tweeted to Benioff to highlight his report which shows that the federal officials created the H-1B visa program to lower salaries paid to American technology experts:
The mass outsourcing also adding pressure to the lives of many American technology workers, many of whom have already lost jobs to cheaper contract-workers. An informal survey of tech workers shows that almost four-in-ten say they are depressed.
One of the leading advocates for the green-card giveaway is Leon Fresco, an immigration lawyer who helped Democratic Sen. Chuck Schumer pass the disastrous 2013 “Gang of Eight” amnesty through the Senate. The bill was so unpopular that the GOP gained nine Senate seats in 2014, preventing Schumer from becoming Senate Majority Leader.
On December 6, Fresco suggested there is only a small chance that the giveaway will get into the final DHS bill:
Many Indian contract workers are lobbying to help pass the green-card bill:
In the United States, the establishment’s economic policy of using migration to boost economic growth shifts wealth from young people towards older people by flooding the market with cheap white collar and blue collar foreign labor. That flood of outside labor spikes profits and Wall Street values by cutting salaries for manual and skilled labor that blue collar and white collar employees offer.
The policy also drives up real estate prices, widens wealth gaps, reduces high-tech investment, increases state and local tax burdens, hurts kids’ schools and college education, pushes Americans away from high-tech careers, and sidelines at least five million marginalized Americans and their families, including many who are now struggling with fentanyl addictions.
Immigration also pulls investment and wealth away from heartland states because coastal investors can more easily hire and supervise the large immigrant populations who prefer to live in the coastal states.
… internal legal reviews that the foundation conducted on itself in 2008 and 2011.