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anxvariety
ParticipantGlad to see some evidence of wage manipulation coming in here.. because the symptoms of it are felt in the industry I work in… no one except the employers win, the H1’s dont have much of a choice to accept the wages and it lowers the wages for everyone.
Really, it’s not hard to see.. of course a company has the advantage, why wouldn’t they use it?
For and H1 being 10,000 miles away from home on a condition that they must maintain employment to stay here isn’t exactly a strong negotiating position!!!!!
September 11, 2006 at 12:40 PM in reply to: Quick Poll: Year of trough & decline from peak to trough #34968ParticipantI see this as a much longer cycle that will need at least a generations(10 – 15 years) to clear itself out… I think this will have to do more with where wages, unemployment and lending standards end up..
The trough will be more of a long stalemate in my opinion.. will take time for people to forget before playing musical chairs again… Timing won’t really matter as most properties will flatten out and become affordable in 5-10 years, but it wont be until the 15 year are where interest rates are flat enough to get the best prices and see appreciation.
Condo-conversions will probably drop 50-75% as people realize that living in an apartment is a really shitty way to spend your months earnings…
ParticipantAnother post from yahoo stock message board for LEND…
Why LEND will work it way up to $50
One reason–Its backdoor product–It’s loans are packaged up and sold as ABS bonds. We all knew that ! BUT did you know that once in the bond market investment banks divide up these loans even further by risk. So let’s say you have a low appetite for risk but you like the yield of 10% so you do the math and say I want only the 1st 2 years of those loans —which are the least riskiest and get a very decent yield. Then someone else comes in and says I want the middle years etc… and then the riskiest guys take the last years. Thus the risk is spread out as well as the reward and the buyer who made the correct evaluations wins. THE BIG secret by all these (vulture capitalists) is that the foreclosure rates/bankruptcy rates are in reality VERY VERY low even when houses depreciate. They laugh at “stupid consumers” who thought they could flip their way to riches. These capitalist also buy high risk auto loans, AIRplane loans (ouch), yatch loans—-all seemingly very risky—all are also known as junk bonds —but these loans make them rich and allow the consumer to spend like drunken sailors and keep our economy rolling.ParticipantPost from yahoo stock message board for LEND.. I thought it was good..
Re: Why would anybody short LEND? (Not rated) 10-Sep-06 10:02 am
Okay, bright person – good question. I have a bunch of reasons. Imho opinion we are about to go into a recession and the weakest sectors/stocks usually get hit the hardest.Also, if you have studied some of the greatest speculators in history ie Jessie Livermore, William Oneil et al., their ideal entry points were to short stocks on the 52 week low and buy on the 52 week high if conditions are right. Are we headed into a recession? Just like 2000- we have a home index that has been smashed, we have a steep inverted yeild curve short fed funds vs 10 year and we have plunging consumer confidence. Also, a very strange complacency. Yes, there are tons of articles mentioning a doomsday scenario but the market participants are not buying insurance. Near record low VIX:
http://online.barrons.com/article_search/SB115715058551 952229.html?mod=search&KEYWORDS=rosen&COLLECTION=barron s/archive Okay. So why LEND? According to the 10 Q they have 15% exposure in California and 12% in Florida. Even the most adamant RE cheerleaders concede that these two regions are in a bubble that seems to be bursting. True- no big deliquencies yet. But the market, as a discounting mechanism, is beginning to smell LEND’s problems. Even after a giant sell off- it has trouble basing here. Of course, if the bears are right, it wouldn’t take much to wipe out LEND’s book value.
Imho real estate is in a classic asset bubble- global in scope. 200 years of math don’t lie. People do. Those who are planning on interest rate cuts coming to the rescue, I suggest that they study Japan in the 1990’s – when they reduced interest rates to zero. Another example would be Hong Kong in 1997. Rate cuts do not stop the problem once sentiment shifts and the ball is rolling down hill.
Cheers,
RXParticipantIf we want the jobs, we’d better get off our lazy asses and start studying. Boston_and_OC is right, American students spend too much time partying.
It’s not “us” per say.. it just comes with the territory of being on top.. the phenomena is seen everywhere especially in pro sports.. if a team or player starts to relax, the other team will come back and win.
ParticipantFrom the example you are mentioning, I am not sure a casino staff member should qualify as a specially skilled worker, but I don’t know anything about that industry, and of course don’t know what were the jobs of your coworkers.
Network engineer and software developer jobs for the casino.
ParticipantI wonder how many Boomers will have the finances to actually be able to retire?
Probably not alot.. but lifespans are longer, and medicine is more advanced so most of these folks will probably work another 5-10 years more than the generations before.
ParticipantI am repeating myself because it seems that a few people on the forum don’t get it: H1-B visa holders are NOT paid less than a similarly qualified US citizen.
I don’t see how you can say that as if it’s fact.. companies have to pay for sponsorship right? Why would they pay for sponsorship AND pay the same wage? The casino I worked for put a clause in the employment agreement that should the employee not stay with the company for a year the employee would be liable for the h1 fees/sponsorship whatever it is.
I’m speaking from actual experiences.. I’ve worked with H1s before and am friends with them.. the 2 I knew both felt like couldn’t get raises.. one was afraid to even ask because he felt that he needed to show loyalty and the other guy knew how hard it was to get a raise from a casino and didn’t feel he could safely play hardball. When I asked for a raise I didn’t get it.. so I left and they ended up hiring another H1.
I believe the issue is that both h1s and citizens gets paid less… and both are less likely to get raises or good raises because they are competing against eachother as worthy replacements for the same jobs.
ParticipantOne of the advantages America still has is that we can attract the best and the brightest.
Is that the category you put the illegal immigrants in? Most of these H1 jobs aren’t for the brilliant.. lots of these are for jobs like QA and network technicians – which are about as entry level as it gets…
ParticipantForeign H1B engineers help us keep a high level of innovation in America and help ensure that discoveries belong to American companies.
Alot of companies aren’t innovative because they don’t need to be.. casinos are one example. They hire the h1s at low wages and will starve them on their wage.. theres is no reason for a casino to be ambitious about who it hires because in that industry the supply of customers is constant/ no innovation required. This gives those types of employers an easy street to manipulating employees – since h1’s don’t really have any bargaining chips..
More opinion..
Almost anything that appears to be a drain on culture or legal residents can almost always be traced to some ‘savings’ by the rich.. I believe the rich are draining american culture through encouraging lax immigration laws. People that have lived in American their whole life are sinking in percentages, and with that a sense of belonging somewhere is diminishing.. these illegal immigrants can always fly their flag or cheer for their home country when they feel left out, while US citizens are at a disadvantage because everything good we do benefits everyone yet anything bad that happens we are the only ones who accept responsibilty.ParticipantSubdivide and sell lots individually?
Participant2. Give him a bottle of Jack Daniels and a loaded .45, again..get out of the way.
Is that supposed to be funny? It’s pretty stupid…
To feel utterly responsible for him is a control issue bordering on Co-dependence. Look that up and read it.
No thanks.. caring for family members is a normal emotion.
ParticipantParticipant1. Yes, the spenders are all spent.
2. Read, relax, save, invest, learn more about nature.
3. This is my current approximite invesment allocation. It has shifted alot over last 6 months, including a big reduction in gold position. Rounded to nearest 5% so not = 100%
5% Manufactured Housing
5% REIT Retail (Storage)
10% Gold bullion
10% Gold fund
5% Metal and Mineral Miners
10% Oil and Gas
5% Oil and Gas calls
5% Home Furnishing Stores puts
5% Biotechnology(SD company working on HIV vaccine)
40% Savings accounts
5% Cash on hand4. Don’t get to confident in a conclusion… evidence can be misleading and self fullfiling when you’re choosing which to include in your research.
5. Job skills usable during a long recession.
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