THREAD: So for millennials, this hits home.

As a lawyer, I see behind the common HR practice of "purple unicorn" qualification-bloat two wrongs:

- race/sex discrimination

- specialty-visa fraud

Employers purposely inflate qualifications to impossible, to cover lawbreaking.
2) How's it work? Race/sex is most obvious.
- post ad where NO ONE qualifies.
- quietly hire only white males (who also DON'T qualify)
- if challenged, say "but all those POC/female resumes we threw out weren't qualified!"
- hope no one checks quals for wms you DID hire.
3)Even easier to get away with in an equality-hostile gutted EEOC in a diversity-hostile WH admin.

So moving on to H1-B fraud, where employers ship lower-salary employees in from overseas?

It's not supposed to happen when the jobs can be filled HERE.

See how it's gonna work?
4)
- Post your "purple unicorn" ad.
- wait few months, hire no one at US market rate.
- apply for H1-B and ship in a candidate (who ALSO doesn't meet the impossible quals) bc you claim "no one in the US meets requirements"

Also shitty. Also illegal. But CRITICAL POINT:
5) H1 visa fraud's committed by megacorp employers, to shave few $$ off salaries, hurting employees so the CEO can buy his 3rd yacht, 4th trophy wife, and send the rest up his nose.

It's not the foreign employee's fault.

We need H1 visa reform as part of any immigration bill.
6) And we need to return to Warren's version of the Reagan-era tax structure, so that employers have incentive to pay employees better, not simply loot and pillage.

Yell at your MoCs not your co-workers.
7) So here's a question I often see:

"Why do non-US employees seem to survive on lower wages? Is it because we're all overpaid and spoilt here, as GOP likes to suggest?"

Nope. This relates to the "strong dollar" vs. "weak dollar" issue you may have heard about.
8) Policy for several decades has been "strong dollar" - i.e., the value of each $$ is "strong" in relation to other currencies it can be exchanged for.

So when US-natives exchange wage dollars in stores that conduct business in dollars, they are exchanging dollar-to-dollar.
9) That's a neutral exchange.

So pretend you came here from Wakanda, whose currency is the wakando. They have a weak-wakando monetary policy, so it takes 200 wakandos to buy a US dollar.
10) Some of your salary as an H1 visa immigrant (on a plane, with a job, not at border) is exchanged dollar-to-dollar. Rent, local groceries, utilities.

But the rest of it, if you're like most, goes home to Wakandan family. In US dollars exchanged for wakandos.
11) You have 20 dollars left over after necessities each month - a meager amount if exchanged dollar-dollar.

You send that $20 home though? Your family now has $2,000 gleaming wakandos to spend in THEIR local economy.

Which runs on wakandos.
12) So your $20 each month comes back in a W2000-value care package, stuffed with clothing, electronics, importable non-perishable food items, anything you can imagine.

Each H1 employee is her/his own mini currency trading exchange.
13) Employers are exploiting this. Years ago, they didn't think it was worth it to take all these steps just to avoid spending a few extra dollars on salary/wages.

What changed?

Tax code.
14) Over the past 4 decades, we removed the high top-marginal individual tax rates that incentivized already-wealthy CEOs to spend profits within the company.

We made it ridiculously-cheap for them to pocket those profits instead. So they do.
15) Lousy EEOC and visa enforcement is also a factor, of course.

But mostly, it's top marginal tax rates plummeting that incentivized the dismantlement of the middle class.

(Thread's getting too long. Drank my coffee too fast.)
16) And of course, monetary policy plays a role.

But we had a strong-dollar policy back in the Eisenhower-to-Reagan years also, when the middle class thrived and prospered.

The factor that changed is the top-tier marginal tax rate. So now CEOs loot, instead of keeping money in.
END/ Thank you for coming to my caffeine talk.
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