H-1B DATA MEGA-THREAD 🧵

I downloaded five years of H-1B data from the US DOL website (4M+ records) and spent the day crunching data.

I went into this with an open mind, but, to be honest, I'm now *extremely* skeptical of how this program works.

Here's what I found 👇


Before I start, one note: All charts in this thread are for applications that were “certified” (in other words, approved for entry into the H-1B lottery). I filtered out applications the gov rejected.

All numbers here are therefore for visas employers actually and realistically attempted to obtain.

My wife is in the middle of a Mexican standoff in the church nursery.

Our two year old got mad and threw a cup of animal crackers on the floor.

My wife refuses to leave until she picks them up. My daughter refuses to clean up until we promise her a cake pop and Bluey at home.

My wife (former Marine) is the most stubborn mom on the planet. My daughter (personality of an ISIS prison guard) will happily scream for hours on end.

I just dropped off a peppermint mocha for my wife. She’s digging in and playing the long game. Our pastor offered to broker a truce, but he left when the toddler hurled an elephant cookie at him, grumbling that our denomination doesn’t pay well enough to deal with situations like this (which is totally fair).

Will keep everyone apprised. If there are any hostage negotiators here with experience defusing toddler meltdowns, please reach out. Update: My daughter is now demanding the removal of all US troops and naval vessels from the Middle East. This is really escalating out of hand.

The Economist published a brutal takedown of the woke movement this week.

tldr: Wokeism isn’t dead yet, but it’s suffering a significant (and much needed) statistical decline.

Let’s dive into the numbers 👇 Contrary to what many believe, 2020/2021 represented the *peak* of wokeism, not the genesis.

The woke movement gained much of its momentum in 2015, with—you guessed it—the announcement of Donald Trump’s presidential campaign.

Don’t get an MBA. You don’t need to spend $200k to learn how to be a business leader or an entrepreneur.

You can get a better business education for $8 per month on Twitter, and in way less time than two years.

From finance to marketing to business law, here’s who to follow! 👇 BUSINESS ETHICS

Business is the voluntary exchange of goods and services. And the foundation of this is ethical behavior.

If you want to learn how to do business the right way, there’s no better teacher than @moseskagan. He’s brilliant, wise, and just a thoroughly decent guy.

What's happening on the southern border right now is nothing less than a catastrophe. But I had no bad it truly was until I looked at the data myself.

I downloaded and analyzed 23 years of Border Patrol data today. Here are six charts showing just how bad the situation is 👇 How much worse has Biden been than other presidents when it comes to the border?

In the 34 months for which data is available, Biden has had a staggering 6.7M encounters at the southern border.

In comparison, at this stage, Bush had 2.8M, Obama had 1.2M, and Trump had 1.4M.

There will never be a US vs. China hot war.

Why?

It’s not because of iPhones or TikTok.

It’s because we feed the Chinese people.

If China ever attacks us, farmland roughly the size of the state of Utah stops supplying them.

Read on for just how huge 🇺🇸/🇨🇳 ag trade is. Before I get into all the back story and details here, let me just say:

Yes, you read that correctly.

The land mass in America dedicated to Chinese agriculture exports is about the size of the entire state of Utah. All 85,000 square miles of it.

Stop scrolling! Don't shake this thread off!

Introducing...

Private equity firms as Taylor Swift looks! 🔥🔥

(Look what you guys made me do.)

Starting with:

BAIN CAPITAL

(1/16) KKR

(2/16)

Stop reading threads about office politics at the PGA.

Forget about paying Phil $200M, or offering Tiger $800M.

If you want to grasp how Saudi Arabia took over American golf, you need to understand Aramco, the greatest cash-generation machine in world history.

Let's dive in. You're probably familiar with Aramco. In fact, a lot of you have probably read books about it—the history of it is fascinating.

But, if Aramco is a new name to you, just know that it's the Saudi oil company.

And it absolutely prints money. A staggering amount of it.

My former boss’s boss’s boss’s boss’s boss controls a $100B+ conglomerate, w/ a personal net worth of $68B.

Think he has nothing in common with the world of small business?

You're wrong.

Here's what Charles Koch can teach us about the silver tsunami of SMB owners retiring. 🌊 This is going to be a looooong thread. So I'm going to break it into 3 parts.

In part 1, I'll talk about succession dynamics at Koch.

In part 2, I'll relate that to the world of SMB.

In part 3, I'll talk about a novel approach that most searchers overlook.

Ready? Let's go! 🚀

There's still *a lot* we don't know about the effects of the East Palestine train derailment.

But, if dioxins do get in the water table and the soil, the impact to the local farm industry could be disastrous.

Here's a quick summary of what the economic fallout could look like.

https://twitter.com/adoricko/status/1628162396106915841

In part one, we'll cover some background on industry dynamics, including a group referred to as ABCD, a pretentious word called "oligopsony," and Chinese political theatrics.

In part two, we'll cover why all of this matters to the East Palestine region.

Let's get started.

⚠️ Rare Serious Post Alert! ⚠️

I am one of those people who, most of the time, is annoyingly happy and positive about life. Think Ted Lasso with Jordans and in a board room instead of on a soccer field (sadly, though, no mustache).

But, on rare occasions, I lose that.

(1/n) I spent the past couple days in a funk—unmotivated. Struggling. Doubting myself.

And for no good reason. It just sort of… happened.

For 3 or 4 days, I thought it wouldn’t end. Because that’s how something like that works, right? It kills the light at the end of your tunnel.

I've been thinking a lot about the debate @thesamparr started a few weeks ago about the ethics of tech workers holding 2+ FT jobs

Many ppl said "if they can pull it off, more power to them"

Here's why I think that's wrong and why it will cause problems across the tech workforce Before I start, if you didn't see the thread when it first hit, it's absolutely worth a read. There are thoughtful comments from @moseskagan, @Jack_Raines, @girdley, and many other smart people.

https://twitter.com/thesamparr/status/1582386730501431296

The guys at @DoombergT are some of the best thread creators on this platform. This thread should give all of us pause, and the deafening silence of the American left during Trudeau’s crackdown on the protests (tweet 2) is still frustrating to me.

https://twitter.com/doombergt/status/1586301441420820485

As noted, this is not an issue on which the left or the right has more credibility or moral superiority. I have zero doubt that, had this oppressive crackdown occurred in Orban’s Hungary, it would have been front page in the NYT every day, while celebrated by the American right.

I voted for Biden and generally consider myself supportive of renewable energy, but the I find articles like this baffling.

Like, what does the administration expect XOM and CVX to do with their profits? Just have them sit as retained earnings forever? bloomberg.com/news/articles/… Okay, yeah, so they could reinvest in their business via capex or R&D (both of which they do, to the tune of 10s of $B every year). But is that *all* they should do? Is it that offensive to return capital to the shareholders who funded their growth?