We keep hearing about the “booming economy,” how the stock market has hit another “all time high:”
“…the career losses for ordinary Americans become stock-market gains for wealthy investors, whose stocks rise by roughly $25 billion for every $1 billion which is cut from annual payroll costs.”
The Department of Justice has joined with business groups to defend the program which pays investors more than $2 billion in tax breaks for hiring roughly 300,000 foreign graduates instead of their recent American counterparts.
The government lawyers replied to a lawsuit against the Optional Practical Training program by saying it is a legal extension of laws that allow foreign students to enter U.S. universities.
But the American plaintiffs in the lawsuit say the OPT program was not created by Congress. The program is merely a lobbyist-created, cheap labor program which discriminates against American graduates, and also transfers at least $2 billion each year from Social Security and Medicare to the wealthy investors in technology companies.
The OPT program allows roughly 300,000 foreign graduates of U.S. colleges to get U.S. jobs, usually at low wages, for one or three years. The program helps the foreigners compete for green cards, it sidelines American graduates into unemployment and low prestige jobs, and it also lowers salaries for a wide range of American professionals, say critics.
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India’s government strongly backs the OPT program because it funnels roughly 50,000 of India’s graduates into prestigious and well paid American jobs, usually with the mutual aid of Indian recruiters and managers. The program also feeds many Indian graduates into the H-1B program, which keeps roughly 750,000 Indian graduates in American jobs. Once in those jobs, the Indians outsource more jobs to India via the U.S.-India Outsourcing Economy, so denying those jobs to Americans graduates.
(NOTE: The majority of those American graduates are debt-laden White Americans who have been indoctrinated with microaggression, tolerance and diversity propaganda.. — ed.)
Continue….