Warren Buffet was right

“There’s class warfare, all right, but it’s my class, the rich class, that’s making war, and we’re winning.” –Warren Buffet

Chalk up another battle victory in the War of the Classes.  According to a report released by Emmanuel Saez at the University of California, Berkeley, the top 10% of households in the US took home almost 50% of the income earned last year.  If the rich class continues to rack up battle victories like this, there’s no way this “war” will last as long as Iraq or Afghanistan.  Just in case you’re wondering where the next battle will take place, I’ll give you a heads up.

From the Washington Examiner today:

On Tuesday, the chief human resources officers of more than 100 large corporations sent a letter to House Speaker John Boehner and Minority Leader Nancy Pelosi urging quick passage of a comprehensive immigration reform bill.

The officials represent companies with a vast array of business interests: General Electric, The Walt Disney Company, Marriott International, Hilton Worldwide, Hyatt Hotels Corporation, McDonald’s Corporation, The Wendy’s Company, Coca-Cola, The Cheesecake Factory, Johnson & Johnson, Verizon Communications, Hewlett-Packard, General Mills, and many more. All want to see increases in immigration levels for low-skill as well as high-skill workers, in addition to a path to citizenship for the millions of immigrants currently in the U.S. illegally.

Looking at the list of companies, there should be millions and millions of Americans shaking in their boots tonight.  If you haven’t been outsourced, downsized, or laid off, then you definitely need to be paying attention to this upcoming debate.  These companies signed a letter stating they wanted immigration reform to pass to help them find workers because, “Even with the economy still recovering, many of our companies continue to have difficulty finding sufficient American workers to fill certain lesser-skilled positions. Thus, in addition to addressing the need for more highly skilled immigrants, we strongly support efforts to bolster the availability of a workforce at all skills levels, through a separate visa program as well as by creating a path to legal status for those already here.”

When I read their letter, the first thing that came to mind was too profane to write here, but it was something along the line of, “you’ve gotta be *intercoursingly* kidding me!!”  These companies claim to have difficulty finding sufficient American workers to fill positions yet, when you look at the companies listed in the letter, you realize how crazy that really sounds.  Here’s a sample of their difficulty finding sufficient American workers that’s exposed in the same article.

[…], Hewlett-Packard, whose Executive Vice President for Human Resources Tracy Keogh signed the letter, laid off 29,000 employees in 2012. In August of this year, Cisco Systems, whose Senior Vice President and Chief Human Resources Officer Kathleen Weslock signed the letter, announced plans to lay off 4,000 — in addition to 8,000 cut in the last two years. United Technologies, whose Senior Vice President of Human Resources and Organization Elizabeth B. Amato signed the letter, announced layoffs of 3,000 this year. American Express, whose Chief Human Resources Officer L. Kevin Cox signed the letter, cut 5,400 jobs this year. Procter & Gamble, whose Chief Human Resources Officer Mark F. Biegger signed the letter, announced plans to cut 5,700 jobs in 2012.

Those are just a few of the layoffs at companies whose officials signed the letter. A few more: T-Mobile announced 2,250 layoffs in 2012. Archer-Daniels-Midland laid off 1,200. Texas Instruments, nearly 2,000. Cigna, 1,300. Verizon sought to cut 1,700 jobs by buyouts and layoffs. Marriott announced “hundreds” of layoffs this year. International Paper has closed plants and laid off dozens. And General Mills, in what the Minneapolis Star-Tribune called a “rare mass layoff,” laid off 850 people last year.

Give me an effin’ break.  How can somebody claim to have difficulty finding workers when they have no difficulty in cutting them?  Why not bring back the same workers you recently cut if it’s really about the lack of workers?  That’s the tell in the whole charade.  It has nothing at all to do with finding adequate workers.  It’s all about finding adequate CHEAP workers.

If you think you’re safe in your jobs, beware of the impending wave of H1B workers and others coming in to take over.  Why would a company pay an American IT worker $60,000 a year and up for doing a job when they can import a worker from India for less?  The companies are already here, from Tata Consultancy Services to Infosys.  The basic infrastructure is already in place.  All that’s left is to increase the number of work visas so more workers can be imported at a cheaper cost.  Go back and look at the immigration bill that was proposed.  They want to double the number of H1B visas alone.

America just ain’t what it used to be.  I have nothing against people wanting to come here to better themselves.  What I have a problem with, though, is companies doing that at the expense of people already here.  If you want to keep repressing wages, then repress the cost of living here so people can live on depressed wages.  Americans should heed Mr. Buffet’s advice and start fighting back before it’s too late.  The first thing would be to quit voting party over substance and get rid of all the corporate owned politicians in DC who are aiding and abetting the pillaging of Americans.  Until that happens, all else is for naught.

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2 thoughts on “Warren Buffet was right

  1. If we’re not in a time warp back to the Robber Baron period, we’re damn close to it.

    First we had indentured servitude, then slavery, then the share cropper/mill town system, and now we have illegal immigrants to insure a source of cheap labor. I wonder what’s next?

    By the way, you really should tidy up your living room before you take pics to post on the internet. 😆 (Do smilies work here?)

    Like

    • I’m beginning to believe this was the ultimate goal of the “Take our country back” message from a few years ago. The money changers got the gullible to believe it was all about something else.

      I’m at a loss for words as to where we’re headed, but it doesn’t look good when you consider that history has a tendency to repeat itself.

      The smilies work here as well as HTML coding as far as I know. That pic is evidence in my lawsuit against the company that made my piggy bank. They never issued a warning that it could possibly explode due to overloading. 😉

      Like

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