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by _callcc 3433 days ago
Management is upset they will no longer be able to use H1Bs to cheapen the value of labor. This executive order won't have a big impact but they see it coming.

The real issue is competition on the world market.

If capital loses a single cent due to this competition they argue for (and win) trade protections and capital controls.

If labor fights against increased competition they're seen as provincial racists who can only compete if they maintain an artificial advantage.

Google should be forced to repatriate its $50 billion in cash held offshore and pay some damn taxes for a change. If they get a tax holiday on $50 billion I should get one for life. Why am I paying nearly 40% of what I earn in taxes while these companies pay nothing?