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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."
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.
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.
China's welcome to flood their job market with cheap labor and devalue their Middle Class
Did you read the fucking summary even? $1 million signing bonuses are not cheap labor.
"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.
For outstanding talent. Hint, you are not outstanding talent. I am not outstanding talent. Linus Torvalds might be outstanding talent. Most of the people that would be effected by anything Trump would do, China would kindly give them a work visa and that's it. And with the animosity I've seen between our Chinese workers and our Indian workers, if the guy is from India, they might not even be willing to do that.
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.
China's welcome to flood their job market with cheap labor and devalue their Middle Class
Did you read the fucking summary even? $1 million signing bonuses are not cheap labor.
Huh, maybe you're right.
Maybe China doesn't pay their CEOs tens of millions of dollars to be able to afford that kind of expense.
Ain't it amazing what you can offer when the CEO doesn't make 500x more than the average skilled employee? I wonder when we'll learn that lesson...
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.
I'm fully confident America has plenty of talent for Silicon Valley. C
Yes of course but that talent will be eroded over time with these stupid policies. Keeping away immigrants such as the future the Elon Musks coming from South Africa, or their parents, such as the Lebanese immigrant father who gave birth to a guy named Steve Jobs... Yeah sure, sound like a really smart thing to do.
$1 million signing bonuses are not cheap labor.
Those aren't for the average H1B, in fact probably not for H1B's at all. Those are for top tier talent, possibly white americans to basically export their knowledge and kickstart their startups. "Hey, I have money and labor, come make your idea work."
This isn't for the guy they brought in to break your exchange server and fix it for money, or write a horribly bad OS for Microsoft. They'll take them too if they're indeed cheap, but it's unclear that the labor arbitrage situation will work out well for this.
I wonder when we'll learn that lesson...
When people stopped chasing after the American Dream to have it all and learn to live a modest lifestyle.
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.
Also if you RTFA the stipulation for the $1 million is that you are a Nobel Prize winner. Other thing that stood out in the article was this Li made that announcement at a "state sponsored speech" which translates to propaganda last time I checked.
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.
$1 million signing bonuses
Also 72 virgins, luxury accommodations, white sand beaches, monkey butlers, gourmet food -- dine with your favorite celebrities! It's truly a workers' paradise.
Are you fucking kidding? You must know absolutely nothing about China's politics and history...
> When people stopped chasing after the American Dream to have it all and learn to live a modest lifestyle.
A "modest lifestyle" is for slaves and peasants. Even a single wide is better than some of the "modest" accommodations in western Europe.
Been there. Done that. No thanks.
A Pirate and a Puritan look the same on a balance sheet.
Geez, really!!!, have you looked at the definition of demagogue? This describes EVERY politician running for or already in office. To continue to state this shows just how much you have been brainwashed by the media.
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.
A "modest lifestyle" is for slaves and peasants.
That probably explain why people view me as being poor. I don't have a big house with an underwater mortgage, the newest cars on lease or $180 designer jeans. I'm never stressed out that I don't have the latest toy than the guy down the street.
Apparently you didn't study the birth of communism or the later "Cultural Revolution".
If factory automation gets inexpensive enough that it starts replacing all those factory workers in China, the country will again be ripe for some potentially ugly revolutions and demagogues. The Chinese citizens have shown multiple times they are not afraid of protesting and civil resistance, at least.
Table-ized A.I.
I'm fully confident America has plenty of talent for Silicon Valley. C
Yes of course but that talent will be eroded over time with these stupid policies. Keeping away immigrants such as the future the Elon Musks coming from South Africa, or their parents, such as the Lebanese immigrant father who gave birth to a guy named Steve Jobs... Yeah sure, sound like a really smart thing to do.
This post deserves more attention.
Such an oversimplistic reading.
1) The real thing that led enabling Hitler was the battle with communism. The Communists plus the Nazis had finally achieved just barely over half of the votes, meaning that you had to work with at least one of them - something that the moderates found horrifying. Of course, many people who voted for the Nazis did so because they thought they were the only ones tough enough to stand up to the communists. Parliament ultimately sided with the Nazis, who had sold the public and parliament on the idea that there was an imminent communist revolution about to take place.
Summary: fearmongering (and outright fictions) about "the great threat if the other side seizes power" causes the public and parliament to acquiesce to someone they're very apprehensive about.
2) The way Hitler leveraged that into a dictatorship was through driving out those likely to oppose him on bills to consolidate his power, and negotiating with the rest. First, with fear of a Communist revolt stirred up by the Reichstag Fire, he got the Reichstag Fire degree passed, allowing for the elimination of his communist opponents. Intimidation from Nazi paramilitaries also managed to intimidate some other people from taking or attending office. The key element he needed to gain full state power was the Enabling Act, which required a sizeable supermajority. This was achieved with a combination of paramilitary intimidation and horse trading. The Catholics failed to see, until it was too late, how much of a threat he really was, and so traded the enshrinement of provisions favorable to the Catholic Church for the extra votes needed to get the Enabling Act passed.
Summary: Paramilitary intimidation and use of the powers of the state to get enough power to horse trade your way to complete control.
#1 is fully and completely applicable, and anyone who pretends it can't apply to the US is kidding themselves. #2 is at present, not applicable. However, I should stress "at present". First, the Republicans control all branches of government (or at least will shortly after appointing at least one, and likely two or more) Supreme Court justices. Fear of the base has so far shown effective at keeping wayward Republicans in-line. Republicans also control nearly the 75% of state legislatures needed to pass constitutional amendments. So the prospect of an "enabling act" type amendment is actually plausible, so long as the grounds for it can be stirred up.
Stirring up? You have a president elect who directly coordinated actions with foreign state intelligence services to dig up dirt on his opponents (as now admitted to by the Russians, both the coordination and the giving the info to Wikileaks). He obviously has no qualms about this sort of thing. Now he's getting the keys to the candystore, so to speak - full control over US intelligence services. J. Edgar Hoover managed to maintain a disturbing level of control through such means, and he's far from the limit of what sort of pressures can be exerted. Things need not be only backroom, Hoover-style blackmail, but can also be very public "airing of dirty laundry" to rally the public against desired targets - political or public, foreign or domestic.
One thing that Trump thankfully lacks is a paramilitary. As long as this remains the case, I'll feel a lot more comfortable.
But still uneasy.
No, I don't think that it's at all likely Trump will try to achieve "President for Life" status. Honestly, that's near the bottom of my list of concerns, and it's a long list. But I think it's naive to pretend that it couldn't happen, given the right combination of provocations. Nobody in Germany in the 20s would have ever guessed that the 30s would see them in a Nazi dictatorship. The concept seemed the height of absurdity.
People said I was dumb, but I proved them.
Huh, maybe you're right.
Maybe China doesn't pay their CEOs tens of millions of dollars to be able to afford that kind of expense.
Ain't it amazing what you can offer when the CEO doesn't make 500x more than the average skilled employee? I wonder when we'll learn that lesson...
Well... that covers 10 employee of the 1 million dollar bonus.
Sorry, but the pool for CEO is a lot smaller than the average skilled worker. That drives wages up. Just like the pool of skilled workers is smaller than unskilled which is what drives those wages up.
People would be a lot happier if they weren't so worried about keeping up with the Jones.
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.
Well considering that the Smith Mundt act was repealed under President Obama, our government can now use propaganda on it's citizens. The dumbing down of the snowflake, "lets protest everything" generation makes it easier for them to push that, but they missed one thing. No one trusts the mainstream media here and it's losing viewers left and right. That's why they come up with sensationalism like this story to try and snag a viewer or clicker in with bullshit. Anyone with a little bit of reading comprehension can see past the bullshit. But back to your original, stupid post. Compared to China, we are a thousand times more free. Don't think so? Try the same protest we've seen over here in Tiananmen square. Enjoy the tank tread tattoo.
Or, we could stop rubber-stamping the process of importing cheap labor for the express purpose of driving wages down. I have no problem with the legal visa process. I just have a problem with what it's actually used for in many cases.
Irony: Agile development has too much intertia to be abandoned now.
When people stopped chasing after the American Dream to have it all and learn to live a modest lifestyle.
Which is interesting, because "a modest lifestyle" was the norm until the mid 1950s.
I grew up with my grandmother and heard plenty about what life was like in the first half of the 20th century, which is to say, much, much different that what we have now.
This over the top consumerist planet killing lifestyle we have enjoyed since then is quite an anomaly, and won't last.
We play the game with the bravery of being out of range
> The visa system just need to be restructured to give all the power to the worker allowing them to easily move from one company to another without fear of getting kicked out of the country.
There's two common complaints- one of them is that the visa system can be used as a way to guarantee very compliant workers. The second is that these compliant workers compete with local workers. I have no real idea what Trump thinks about the system: he certainly hasn't spent much time talking about the plight of the foreigners who come into the corporatist system with a set of rules that would never be allowed to be laid upon citizens, to make them some kind of labor-class, be it visas that glue you to a specific company or farm workers who are forced to put up with terrible conditions. If he's serious about cutting these numbers down with deportation, that solves the problem via fiat. If he actually tries to get anti-corporatist laws that do what you suggest through Congress, that solves the problem via market. Both of these would be pretty big efforts, but the Republican Congress is a lot more likely to go along with the first than the second.
You're modded insightful? Fucking Mao was a populist demagogue who murdered like fifty fucking million Chinese. He's one of the top murderers in human history, and he happened within the lifetime of many alive today.
By the dumbed-down snowflake "let's protest everything" generation I assume you mean the ones who are protesting that foreign workers are stealing jobs (when most of those jobs are gone due to automation), and all Muslims are terrorists. Or possibly the people who believe Steve Bannon claiming that two thirds or three quarters of Silicon Valley CEOs are Asian - you'd have to be pretty dumb to believe that. Still, I'm glad to hear that people are finally waking up to the fact that mainstream media, like Breitbart, are full of lies.
The one advantage of the Chinese setup is you don't get a demagogue rising to the top purely by promising the ignorant and hateful everything they hope to get....
True, they tend to rely more on torture and execution of political dissidents over there.
Ceci n'est pas une signature.
so basically you are cattle
Why would I be "cattle" if I'm not following the herd that's stampeding for no reason at all?
Is france in western europe? Because they seem to have a problem with cars burning and muslims.
_ _ _ Go for the eyes Boo! GO FOR THE EYES!
What occurs in the media and from the quoted post is conflating illegal immigration with legal. The United States grants more people entry than any other country. Naturalization trends of the last 30 years. Permanent Immigrants last 10 years which shows anywhere from 2-5 times what the next country, Germany, permits. Despite what that the media portrays and your sympathies with respect to another post the US welcomes people coming in legally.
Man blir trött av att gå och göra ingenting.
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 are a fucking idiot. Recognizing the historical pattern of how democracy is subverted into totalitarianism is legitimate. Recognizing the risk to identifiable minorities when supremacists gain political traction is legitimate. The rest of it is a sign of your immaturity and obsession with Internet BS. Go outside kid.
No one trusts the mainstream media here and it's losing viewers left and right.
Agreed. No one trusts Fox because of their direct connections to the Republican party, lack of any opposing voices and putting out fake news.
The only people who keep saying they don't trust the "mainstream media" are the same people who ignored all the criminal assaults on women Trump has done, ignored his use of illegal foreign workers, his use of Chinese steel, his bankrupt casinos and numerous other businesses despite claiming he's a great businessman, not to mention having his name brand products made in China and Mexico while claiming he'll bring jobs to this country.
Anyone with a little bit of reading comprehension can see past the bullshit.
Except for the people I just mentioned who swallowed the con artist's bullshit hook, line and sinker. They believe he'll put up the internment camps for people of the Muslim faith (he's not), that he'll put Hillary Clinton in jail (he's not), that he'll get rid of Obamneycare on his first day in office (he's not), that he'll drain the swamp (he's filling it), that he'll do this or that, which he won't.
As Idiocracy showed us, people have gone down the rabbit hole of stupidity and Trump is the result.
We will bankrupt ourselves in the vain search for absolute security. -- Dwight D. Eisenhower
(*) About 1/3rd of America, ditto Brexit voters and the coming Ixit voters.
I believe the proper term is Splitaly
https://www.washingtonpost.com/world/moscow-had-contacts-with-trump-team-during-campaign-russian-diplomat-says/2016/11/10/28fb82fa-a73d-11e6-9bd6-184ab22d218e_story.html?tid=sm_tw
I'll repeat for emphasis: staying in touch with most of his entourage during the campaign. And what did they have to talk about?
https://www.theguardian.com/us-news/2016/nov/09/putin-applauds-trump-win-and-hails-new-era-of-positive-ties-with-us?CMP=share_btn_tw
Whether or not you choose to believe that Putin and his party are responsible for his win, they think that they are.
As for the other stuff, I'm not sure what you're questioning - that's just history; pick up a history textbook.
People said I was dumb, but I proved them.
Or it could be that they've had 40 years of politicians wrecking their communities through bad trade deals and corporate shilling, they've had the nominal party of the left spend more time on identity politics than helping their core voters through a time of very destructive change and they've had legal and illegal immigration used by employers to drive down wages. Finally someone's come along and actually talked about those issues and said that they'll do something about it and they flocked to him.
Call people morons if it makes you feel better but all Clinton had to offer was four more years of exactly the same Wall St misrule and the way the DNC basically crowned her stuck in a lot of throats. Had Sanders been the candidate, who know what could have happened.