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China Chases Silicon Valley Talent Who Are Worried About Trump Presidency (cnbc.com)
China is trying to capitalize on President-elect Donald Trump's hardline immigration stance and vow to clamp down on a foreign worker visa program that has been used to recruit thousands from overseas to Silicon Valley. From a report on CNBC: Leading tech entrepreneurs, including Robin Li, the billionaire CEO of Baidu, China's largest search engine, see Trump's plans as a huge potential opportunity to lure tech talent away from the United States. The country already offers incentives of up to $1 million as signing bonuses for those deemed "outstanding" and generous subsidies for start-ups. Meanwhile, the Washington Post last month reported on comments made by Steve Bannon, who is now the president-elect's chief strategist, during a radio conversation with Trump in Nov. 2015. Bannon, the former Breitbart.com publisher, indicated that he didn't necessarily agree with the idea that foreign talent that goes to school in America should stay in America. "When two-thirds or three-quarters of the CEOs in Silicon Valley are from South Asia or from Asia, I think ...," Bannon said, trailing off. "A country is more than an economy. We're a civic society."
I'm fully confident America has plenty of talent for Silicon Valley. China's welcome to flood their job market with cheap labor and devalue their Middle Class. I'm looking forward to the Chinese equivalent of Donald Trump pushing a popularist message when outsourcing and insourcing wrecks their economy too.
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Live like a king in repressive China, or live like a pauper in the less-repressive USA.
Choose wisely, my friends.
Can we contact Obama to have him punish Slashdot for posting more fake news?
Meanwhile, to burst your propaganda bubble about China is so welcoming and "tolerant" of immigrants, try this: https://www.youtube.com/watch?...
AntiFA: An abbreviation for Anti First Amendment.
Totalitarianism unsurprisingly remains pro-cog.
~ Whence do you come, slayer of men, or where are you going, conqueror of space?
Seriously.....why ?
What happened to the Americans ??
I don't understand why so many are not even from there ? Are the locals just dumber or lazier or are there other reasons ??
I mean, you cant have a H1-B CEO, right ?
Not that I want to be defending the buffoon Trump or racist Bannon, I would hope that anyone prepared to live under Chinese one-party censorship can handle most of what Trump's America might throw at them.
someone who's never been ass pounded by an invading country with superior technology. hello brain drain
"A country is more than an economy. We're a civic society."
What about that statement is wrong? From a simple economic point of view, if you have no monetary value, then go die in a ditch like a good citizen.
Except, that we ARE more than an economy, humans are more valuable than just what they provide to the GDP of a nation.
I don't see China leaping over themselves to allow Americans to fully own businesses there, yet we let them do it here. Either China needs to open up, or we need to shut them out, either solution is fine.
If you train them in your country, you should try to keep them in your country unless you think your educational institutions are no more than money makers. Otherwise you will eventually lose the competitive advantage that you have over other countries that do not invest as heavily in education. If you are concerned about immigration in this regard then you should change the caps you place on the number of foreign students you allow.
Also, China can chase all they want, but I doubt that there is going to be a mass exodus of top talent to a country with a stifling authoritarian system in place. Top talent really requires freedom -- I think history teaches us at least that much.
I am not interested in articles about life extension advancements.
Just listen to him. He is a prototypical racist, and even of the worst sort, namely one of those who aren't really aware of it.
If you're wetting your pants every day because you believe made-up scary stories about future Trump Administration actions, China wants you. They have a special story they want to tell you, and they know that after you hear it, you'll do exactly what they want you to. You're the perfect recruit. Apply now.
Proposed options:
If a company uses foreign workers to lower labor costs in the US, then there could be extra payroll taxes to equalize the cost to the company.
Another form of payroll taxes could be rebates to subsidize local labor. (Might allow lowering minimum wage to company?)
Then of course penalties for an illegal hiring practice.
Likely consequences:
This would tend to nudge the companies and smart workers to pick another country to do business.
Some agriculture and building trades in the US would have a labor shortage.
Which is either a US economic death spiral or world wide depression depending on if the move successful or disruptive.
So the interesting question is what balance of stick and carrot can someone expert in finding and making good, workable deals find?
China will never innovate until there's a culture change. In China, decisions come from the top. Those below do what they are told and do not challenge authority. They don't contribute original idea and make open suggestions; that's not their job. This has been engrained in Chinese culture for centuries and ultimately why the CCP is able to rule with the (softish) iron fist they do. To think getting all this talent from the American system is going to change that...nope. You can have all the smart people you want but if you don't let them do their own thing, it doesn't really matter. The CEOs and bosses in China are going to have to adapt to allow their new imports to be themselves....but they've been actively discouraging this for years and it's not going to change all of a sudden. As long as the boss is getting the graft and making money, that's what matters.
The people who came to America left China for any of several dozen reasons. They're going to have to be thrown out before they go back, unless the Chinese government is going to hook them up with a sweet job. Working for a Chinese company? Yeah, no one's going to want to leave America to do that.
When I became a lead video game tester in 2001, I knew I was in a dead end job and I would change jobs in three years. I saw a study at that time that showed that skilled IT professionals would be in high demand as baby boomers retire en masse and Southeast Asian workers will return home en masse. So I went back to school to learn computer programming and got into the IT field. Since the Great Recession in 2008, quite a few baby boomers didn't get the memo that they needed to retire and/or drop dead. Thanks to Trump the Southeast Asian workers will be returning home. I'm looking forward to making more money for the next 30 years until I retire.
Trump is not only bankrupt, he's hiding how bad the hole is. And now he's in charge of the economy??? Kiss goodbye to the economy!
He borrowed $19 million at 5.71 percent last year. This is typical of the small money at high rates he's borrowing. If he had money anywhere in any of his companies, he'd lend it from that company so the Trump company can earn the 5.71%!
So he has no money. Even his house has an outstanding mortgage bigger than the price he paid for it.
But he also has no asset that isn't mortgaged to the hilt. If any company had any asset it could mortgage at a good rate (e.g. LIBOR+1.75%), then they'd do that and lend that money and keep the 2.31% difference as profit.
His main businesses make terrible profits, e.g. 40 Wallstreet in the latest account (revealed during a tax dispute) makes $3 million on a loan on $160 million. That's only 1.9%. Over the last 4 years its averaged a *loss*. This is supposed to be good asset, an asset he's borrowing against to keep the rest of Trump co afloat!
So 1) He has no money and 2) he has no assets that can be mortgaged.
And now he's supposed to run the US economy? So what will he do, lie about the numbers?? Blame China? The Media? Crooked Clinton?? Jews? Muslims? What?
China wants to lure people? Which people? Bleeding heart liberal faggots?
Let me pack your bags for you. Don't come back! Oh ya, I should probably mention... uh... something something death buses... it's not important. BYE! *kick*
captcha: populate
Are you afraid that your country might become an authoritarian police state? Here's the solution: move to a country that IS an authoritarian police state!
Pretty much everything people fear that Trump may do to the US is already reality in China, including no due process, no elections, censorship, heavy use of fossil fuels, assertive foreign policies, leader worship, nationalism and a Make China Great agenda. The only thing China has going is that there's no data caps - so maybe it's interesting if you're stuck with Comcast.
"the influential entrepreneur said in a recent keynote speech at a state-sponsored conference"
"State-sponsored conference" says it all about what Li's speecg really is. It's propaganda sent out by the Chinese government in an attempt to attack whatever plans the incoming administration might have. Funny that the clip here on slash dot doesn't have the stipulation for getting the $1 million dollar bonus. It's open it Nobel Prize winners, which could make considerably more in the Valley through awards, grants, salary, etc. But hey, good luck in China if that's where you think you'd like to live.
While it's not an exact match, Trump and Bannon are best described as mercantalist. Mercantilism is an antiquated and discredited economic theory and practice largely abandoned in Europe after the 18th century.
Among the flaws in that system is that it trades visible gains for hidden losses. (Over at the National Review, Kevin D. Williamson cites Frédéric Bastiat on that point in a great analysis of Trump's Carrier deal). An interesting thing about China luring away talent is that it draws attention to that loss of talent, making it less hidden.
Ceci n'est pas une signature.
Fucking up every part of the American economy, one step at a time.
You, of course, fell for the fake news. But your side was saying it, so it's true. Trump has never been anti-immigration. He realize the difference between legal and illegal immigration. The next Musk will not be an illegal immigrant. But keep spouting your bullshit.
Why I Will Not Cast My Electoral Vote for Donald Trump
http://www.nytimes.com/2016/12/05/opinion/why-i-will-not-cast-my-electoral-vote-for-donald-trump.html
Florida GOP Elector: I Get 4,000 Harassing Emails from Hillary Supporters a Day
http://www.thegatewaypundit.com/2016/12/florida-gop-elector-get-4000-harassing-emails-hillary-supporters-day-video/
Rogue electors brief Clinton camp on anti-Trump plan
http://www.politico.com/story/2016/12/electoral-college-rogues-trump-clinton-232195
Report: 15 Electors Will Refuse to Vote For Trump
http://www.infowars.com/report-15-electors-will-refuse-to-vote-for-trump/
And so begins the brain-drain of the US - the core of its last comparative advantage was education, similarly discarded, and now the trained are leaving for better pastures. China is rising while the US is regressing economically, technologically, and soon even militarily. Trump will have a victory in making Russia stronger.
and it does not have such low quality of living, as Cuba does. And it is not populated by white men. So, off they go...
Don't tell Trump but bombast and provacative public pronouncements, compared to quiet policy changes, alert other actors instantly. The other actors can then act quickly to their advantage, often to your disadvantage.
Ever hear of the phrase "poker face?"
1. We're offshoring next year Q1.
2. Our bitches in Congress won't allow Trump to do anything like throwing out H1-bs - it's a done deal already.
3. Trump supporters are looking at Carrier and other manufacturing businesses that are automating and will can people anyway, meaning they'll never notice the "over paid" office workers getting it and nor do they care. Trump is a symptom of class warfare - ironically enough.
4. Sorry, Trump isn't the great Orange Hope you were hoping for.
Shades of pre-war Germany.
You are confusing political system with economic system. The dichotomies of the 1950's are mostly dead. Capitalist economies can and do have authoritarian political systems, and socialistic economies can and do have a democratic political system.
As far as what kind of economy China has, it looks pretty mixed to me. They didn't become the manufacturing power-house they are using mere socialism.
Table-ized A.I.
Wheres the US is part of the right wing so for the deluded right, Human rights violations, oppression of free speech, torture? So what, who cares. They're obviously done for a good right wing reasons such as prolonging western imperialist hegmony etc etc blah blah so any personal tragedies are just collateral damage in the path to the True Way.
The main reason people fear Trump is that he may try to take our civil rights away and essentially turn the US into China with the workforce chasing pennies down the gutter. I do not anticipate very many people would find the idea of moving to China appealing unless they were one of the people tossing pennies down the gutter for everyone to chase.
Afraid of oppressive government and racism? Come to China! *boggles*
IF they can manage to get 37 electors currently allocated to Trump to abstain or vote for Hillary, then the decision will go to the House as neither candidate will have 270 votes. Do you really thing the republican house of representatives will elect Hillary over Trump?
Also, many electors are automatically dismissed and not counted should they not vote as they are required to so(various state laws), so even if you can get 40+ electors to change their votes, there is no reason to expect that Hillary can get the 38 she needs to win.
Of course this huge number that is being trumpeted, which is almost 3 times the number of the largest number of electors that ever went rogue in a single election(6), is still less than half of what would be needed to even pass the election to the Republican House.
In American History, Faithless Electors have never changed the outcome of a presidential election(they did pass it down to the House once, but the house just voted the way the electors were supposed to vote)
Remember, China is (nominally) left wing, [...]
China is strongly right wing. [...]
There is more than one axis when it comes to politics. One chart labels them as Liberal-Conservative and Libertarian-Authoritarian:
* https://en.wikipedia.org/wiki/Nolan_Chart
* https://en.wikipedia.org/wiki/Political_compass
* https://en.wikipedia.org/wiki/Pournelle_chart (by sci-fi author and tech columnist Jerry Pournelle)
* https://en.wikipedia.org/wiki/Political_spectrum#Other_multi-axis_models
hit you in the ass on your way out.
"I'm looking forward to the Chinese equivalent of Donald Trump"
I'm pretty sure that is how the world ends...
Rig the Labor tax to a sliding scale: Labor Tax for a business = %base% X 1+(Percent of Non-Citizen workers+0.75of local unemployment rate(with DropOut workers added back in))
I would give a push and include NonTemp Green card holders as Citizens for this purpose.
"A country is more than an economy. We're a civic society."
Said the man most responsible for shredding the civil fabric of the country, and mainstreaming white nationalism and antisemitism.
The old decrepit and deceptive think-tank "right" is famous for thinking long and hard about everything and then supporting the sell-out of America and the sell-out of the American middle class as long as the stock portfolios of these "thinkers" goes up. Their pretense of concern for "national security" is just that: a fraudulent mask. They only like defense SPENDING (which inflates their stock portfolios) and not actual national security. They pretend to like market economics, but are frauds on that too... for when the law of supply-and-demand would cause wages to rise (thus impacting corporate profits and their stock portfolios) these fake supporters of capitalism become great fans of using slave labor in Communist countries as a safety valve.
When the Unite States was founded, the federal government was very limited in scope and it ran totally on tariffs. This meant that [1] only the rich who were importing luxuries were paying the costs of the resulting international entanglements (paying for the military, diplomats, etc), [2] use of American raw materials were encouraged, [3] use of American labor was encouraged, [4] the federal govt was almost entirely uninvolved in the lives of most citizens. Over the decades, the rich Wall St investor class (including the sorts who write for NR) gradually shifted all taxation off of themselves by eliminating tariffs and onto the middle class with the imposition of the federal income tax. These people will stop at NOTHING to argue the horrors of reducing taxes on individuals and restoring tariffs that hurt THEIR stocks. They pretend to be patriotic, while enthusiastically waving pom poms for their beloved "new world order" of unelected, unaccountable, elitist Davos-attending overloards. They are, by classic definitions, traitors as lowly as Benedict Arnold, and even as they cherry-pick bits of history to try to assert some merits for the sell-out of their country, they cannot escape the writings of so many of our founders and our most-famous Presidents. Abraham Lincoln said that he could not have saved the union without tariffs. Ronald Reagan famously used tariffs a number of times, as well as blocking the export of many vital national industries.
Don't look now, but the current embrace of "free trade" (which is NOT "free trade" at all, but actually favors tyrants, communists, etc with NON_LEVEL playing fields) is now "an antiquated and discredited economic theory and practice" which people all over the West are abandoning as they realize just how savagely it is destroying the middle class as it magnifies the wealth gaps.
There's a reason while Karl Marx was a big fan of what we now call "free trade" and the elimination of tariffs - he saw that it would lead to enormous wealth inequalities, the destruction of the middle class, and would thus ease the path to revolution... and it's pretty funny to watch the current generation of faux-conservatives who currently abuse the name "National Review" with each issue they pump out, doing the bidding of Karl Marx. The Dupes are so stupid, Bill Buckley must be spinning in his grave.
she lost, too. On the plus side Austria just kicked theirs to the curb. On the downside the Philippians elected theirs...
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anymore? When was China _ever_ communist? They've always been the same thing, a Kleptocracy.
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then he's worse. He's someone who cynically manipulates racists to meet his ends. I'll take a genuine racist over that any day of the week.
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So many places have tried to have their own Silicon Valley but it hasn't worked elsewhere because they try to get one thing right but actively stop other things from working.
It's a within a very short drive of where people desire to got to for holidays, had some electronics industry infrastructure, had a University nearby, had easy access to investors and was a place where subject matter experts from all over the world could come and work.
The only thing that came close was in Texas.
The Chinese don't currently have what it takes to inspire the founders of the next Intel or similar to flock there. Neither do we now of course, but we have something up and running.
Do you seriously think the House would vote in Trump?
You know that having a large chunk of the internet blocked is censorship right? It's more of a problem for foreigners because locals have a Chinese equivilent they can use. No so if your favourite English sites become blocked. Google, lots of news, other search engines self censoring to be allowed to remain. It's pretty bad. unless you're at a workplace, most VPN's get blocked quite often too.
Move to Canada. Or move back, rather. Welcome home.
The US is already a police state.
Look at this bullshit the TSA's been doing today
http://www.local10.com/news/talkers/breast-cancer-patient-denise-albert-outraged-by-tsa-treatment-
Your post is an intelligent interpretation of some of the issues that Trump voters fear, no matter if said fear is founded on any real or perceived experience. But the Trump electorate is really not that smart. Mr. Bannon's low-quality statements are the kind of rhetoric off of which nearly the whole Trump electorate actively reflects racism and bigotry, and so the low quality of Mr. Bannon's statements seems purposeful. Mr. Trump and his political surrogates have not disowned the racism or bigotry of his voters. Were Trump and co. to do so (disown racists, misogynists, et al.), they'd have lost. Of course, Mr. Bannon belongs to that same electorate.
Not all Republicans reflect those views (racism, misogyny, etc.), but these party members are a minority that's getting smaller with time. Many people who are Democrats now, could have readily joined the Republican Party in the past, and remained members by way of inertia—as it now is with so many.
But since Trump is still on his way to power (with the R party tagging along), I'm not sure if I should write too much about what's wrong in the U.S.
Large U.S. corporations sheltering money off-shore (outside the U.S.) is in Trump's own parlance a 'smart move,' so he won't do anything that would in any way run against the wishes of corporations, as his businesses are in about the same boat, one way or another. And if they are not, I wouldn't be surprised, if some of them actually are.
That H1-B thing is terrible. The trick therein is, that many Indian companies have set up shop, and they only hire people from India. It's essentially a form of colonisation. Really. But policymakers in many advanced economies fail to recognize the long-term aspects of this.
U.S. citizens made redundant |by way of H1-B replacements| are still able to find jobs because of demand. The only obstacle to such labor demand meeting supply is probably limited mobility (stuck in a house on a long-term mortgage, for ex.).
The U.S. political system is far too stale to legislate internally effective reform. Yes, law is made and written, but the kind of reform that would actually improve the economy, is nigh-impossible. The ACA (Obamacare) was one attempt at that.
a military focused on domestic defense, not overseas adventures
One way of defending your economy is defending your allies, because a diverse economy may require export markets, if internal demand is jittery. A strictly domestic defense essentially ensures, that a dictatorship / global competitor will take all your allies and all those places you could have exported to. Less export markets = less revenue.
Some overseas adventures are needed in order to quell actual terrorism and possible dangers that may sprout and take root. Stationing troops where allies need defense, is also sound (see above para).
This is what Keith Ellison said, care to find the anti-semitism in it?:
Stop, you know why are we sending a mill — $2.8 billion dollars a year over there when they won’t even honor our request to stop building in East Jerusalem? Where is the future Palestinian state going to be if it’s colonized before it even gets up off the ground?
Now you got Clinton, Biden, and the president who’s told them — stop. Now this has happened before. They beat back a president before. Bush 41 said — stop, and they said — we don’t want to stop, and by the way we want our money and we want it now. [Ellison laughs.] Right? You know, I mean we can’t allow, we’re Americans, right? We can’t allow another country to treat us like we’re their ATM. Right? And so we ought to stand up as Americans.
The guy said that America should change its financial aid policy if Israel continued ignoring America's foreign policy opinion. Mind, even Bush told them to halt construction, and Israel's hawks never changed tany of their policies.
Sorry, even if his positions were much more extreme, and the guy were an anti-zionist (which in the last two decades for sure he wasn't), that is different from anti-semitism. There are many anti-zionist jewish, did you know?
If Trump does not get a majority, the three top vote-getters go to the House. They will be Trump, Clinton, and a Republican to be named later. The House is likely to choose the last.
The "dismissed and not counted" is speculative. It isn't clear that the states can do that. We'd likely need a Supreme Court ruling. Moreover, the majority is of the number of electors selected, so if the state can retroactively unselect, the number needed for a majority goes down. (Or so I think; this looks pretty clear to me but not necessarily to the courts).
It's also possible that Clinton will pick up a state or two in a recount, although I'd currently bet against it.
There really hasn't been this big an incentive for electors to vote other than their states did before. Trump scares a LOT of Republicans.
I'm also not really comfortable with electors doing what Federalist 68 calls for being called "faithless".
"When you have eliminated the unacceptable, whatever is left, however improbable, must be the truthiness" - Holmes
... or maybe just worthless news.
So, some Chinese entrepreneurs see an opportunity. So what? Entrepreneurs see opportunity in everything. Not all ideas bare fruit.
This story isn't complete. The author needs to talk to GC and H-1B holders to find out if the premise is true. Does Trump's presidency really make them more interested in leaving the U.S. for China?
Without that bit of information, this story meaningless.