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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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?
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.
"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.
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?
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.
White people who understand tech know better than to become a CEO. These people must not have any other option, or just think it'd be cool to be the boss of something.
"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.
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...
The next First Lady will be.
People said I was dumb, but I proved them.
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.
1. We're offshoring next year Q1.
Doesn't apply to me. I've never been offshored in the 20+ years of my technical career.
2. Our bitches in Congress won't allow Trump to do anything like throwing out H1-bs - it's a done deal already.
China and India will recall their workers back when it becomes obvious that America is a dangerous place under Trump.
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.
Crony capitalism. What else is new?
4. Sorry, Trump isn't the great Orange Hope you were hoping for.
I voted for Hillary. She had bigger balls.
Maybe some disruption is good. It's hard to see how yet, but I'm hoping his ad-hoc trial-and-error style will accidentally find new optimums, like a genetic algorithm.
I realize there's a good chance this view is wrong and that he turns out to be a bull in a china shop (pun half-intended), but I'll keep an open mind.
Trump is such an unusual specimen that we don't have enough precedents to say what will actually happen. Get some pop-corn, and enjoy the Great American Experiment. (Just don't forget the safety goggles.)
Whatever happens, it will make for a Yuuuuge entry in future history books. You can brag to your grand-children that you witnessed and (hopefully) survived this most notable period of history.
Table-ized A.I.
Trump remaps the decision landscape, as there is no reason to believe China will be the less repressive state in the future anymore.
Guns don't kill people; Physics kills people! - John Lithgow as Dick Solomon on Third Rock From The Sun
S/China/The USA/
Guns don't kill people; Physics kills people! - John Lithgow as Dick Solomon on Third Rock From The Sun
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)
"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.
The next Musk will not be an illegal immigrant
The next First Lady will be.
"An immigrant took my job!" - Michelle
"A white man forced me out of my house" - Barack
Socialism: a lie told by totalitarians and believed by fools.
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.
Not caring what happens to millions of children of immigrants is anti-immigrant. Saying an American born Hispanic judge is not qualified to do his job is anti-immigrant. Fueling a populist narrative that immigrants are the cause of working class problems is anti-immigrant.
If you want to see the effect of politicians' rhetoric, instead of their strategically crafted phrases meant to hide their implications, just look at the politicians' voters. Trump is very proud that he was able to target voters better than Hillary, as evidenced by winning the electoral college but not the popular vote, so take a look at the voters he targeted. They carry his true message. And they create the atmosphere other nations see when they form their view of the US.
There was a time when some people, especially on the left, thought all of his success was just an accident. Or that he was simply taking advantage of a small segment of angry voters instead of helping create enough of them to win a general election. But that is certainly a stretch now. The anti-immigrant message he was sending both explicitly and implicitly was heard loud and clear. Both here and around the world.
-- All that is necessary for the triumph of evil is that good men do nothing. -- Edmund Burke
"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.
Well, depending on how much you believe the rhetoric, anyone who isn't a white male might feel safer in China. I'm hoping that almost all of it is just rhetoric, but I don't feel any certainty about it. In fact if you believe *some* of the rhetoric anyone who isn't a rich white male might feel safer in China. This strikes me as unlikely, but remembering how a prior German democracy fell it's not beyond the bounds of possibility.
OTOH, there are a lot of signs that Trump is not an actual racial bigot, but merely someone who feels right in taking advantage of any power he can get his hands on. I'd feel happier with this interpretation if his cabinet picks were different.
I think we've pushed this "anyone can grow up to be president" thing too far.
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.
How are they going to recall their workers? Do they ring some kind of big bell?
How are they going to recall their workers? Do they ring some kind of big bell?
Mom calls to tell the kids to come home, get a new job, find a spouse and start having grandkids.
Move to Canada. Or move back, rather. Welcome home.
Oh, so China and India don't do it.
Oh, so China and India don't do it.
I find your lack of faith in Mother China and Mother India disturbing.
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-
Spinning with glee, maybe. He's the one that removed every trace of meaningful opposition to Marxism from the Republican party and the conservative movement.
See that "Preview" button?
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
https://en.wikipedia.org/wiki/...
According to Wikipedia, she is a legal immigrant, including gaining citizenship through the proper path provided by the law. There is some kind of rumor being spread that she worked in the US prior to ever being in the US, but according to Trump's lawyer, it is a fabrication. Do you have more evidence than the story that used a rumor and a guessed date of a photo shoot?
APK likes to ask for responses to the same things over and over. Maybe he just likes the responses?