Being an immigrant is not virtuous in and of itself. How many of those 40% 'immigrant families' immigrated here poor and climbed the economic ladder, and how many took stolen wealth from a feudal system in the old country and built a business?
Instead of investing in our domestic population with job training and scholarships, corporations are importing labor from overseas. Those people getting imported have degrees (sometimes of dubious quality) paid for by socialist states, often work for 'staffing agencies' to circumvent benefits and PTO of the real company, have very little job mobility, are most often paid below-market rates.
It's basic economics. More labor means cheaper labor.
Why are Blacks and Hispanics underrepresented in Software development [1]? If you compare the overall employment figures to the overall demographics of the country, they're almost identical, but way, way off for software development. It's because the most vulnerable people in the US don't have access to jobs and education, and corporations have no incentive to train entry level workers when they can just import them.
> so the U.S. is really shooting itself in the foot (again).
In what manner? The US doesn't need every genius walking on planet earth to reside in the US.
If you think the average wage in 1950 can get you more stuff than 2020, educate me then.
The only thing that got more expensive relatively speaking is housing. Which kind of make sense because land area don't tend to change.
Look around at your house and answer if you could get the same stuff (or even, poor replacement of the same stuff) if you're at the same percentile of income in 1950s.
There are more 'things' as a function of decreased costs of production, including, get this, importing lots of cheap goods from overseas.
1950 to 2020 looks good on paper, until you realize that the bulk of the wage growth happened prior to 1990. Since 1990, the S&P 500 has gone up approximately 10x. Meanwhile, wages have approximately doubled. That means in the last 30 years, the wealth gap has increased. If you consider only minorities, the picture is even worse.
It's almost like, US workers are losing their bargaining power for some reason. If you consider outsourcing, various trade agreements, and white collar immigration, those are all net-negative on US labor. Some demographics have been disproportionately impacted than others, just as predicted.
Instead of investing in our domestic population with job training and scholarships, corporations are importing labor from overseas. Those people getting imported have degrees (sometimes of dubious quality) paid for by socialist states, often work for 'staffing agencies' to circumvent benefits and PTO of the real company, have very little job mobility, are most often paid below-market rates.
It's basic economics. More labor means cheaper labor.
Why are Blacks and Hispanics underrepresented in Software development [1]? If you compare the overall employment figures to the overall demographics of the country, they're almost identical, but way, way off for software development. It's because the most vulnerable people in the US don't have access to jobs and education, and corporations have no incentive to train entry level workers when they can just import them.
> so the U.S. is really shooting itself in the foot (again).
In what manner? The US doesn't need every genius walking on planet earth to reside in the US.
EDIT: reference
1: https://www.bls.gov/cps/cpsaat11.htm