Tags Posts tagged with "Jobs"

Jobs

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Immigration Victory
You know he isn't a politician because he actually gets things done!

The latest figures released by the Whitehouse paint a glowing appraisal for Donald Trump, as it shows that 30,000 criminal immigrants have been arrested by ICE officials in the past 5 months. Almost 90% of the detainees had prior convictions for arson, murder, sexual assault, and domestic violence. These are not the type of people you want coming into the United States, and it vindicates the decision of Donald Trump to tighten security on immigration.

Ever since he became president Trump has been very vocal about the need to step up vigilance on illegal immigration, and he is now carrying out everything he promised he would do. He has already signed up Executive Orders to give control to law enforcement officials about the need to clean up U.S. cities. The illegal immigrants already living in the U.S. are being identified and detained, and any new aliens trying to break into the country must try harder now.

Illegal Immigration Crackdown

Recent reports have revealed that the crackdown on illegal immigration has met with success, with reports showing a 60% fall in the number of aliens looing to cross the South West of the Border. This is indicative of the success Trump has had in only his first 6 months in office, and with stricter laws coming into place soon, the days when immigrants could take advantage of lax border patrol and control are all but over. The increase in security has greatly reduced the number of immigrants, and it has also had an impact on economic migrants and refugees.

Trumps travel ban is already being pushed through by the Supreme Court, and it is only a matter of time before the United States is going to be completely free from the refugee crisis that is threatening Europe. Countries all around the world like Nigeria, Ghana, Egypt, Brazil, Pakistan, and China are also cracking down on illegal immigrants, and have tightened visa laws.

The War on Dangerous Immigration

Donald Trump has got a very clear agenda, which is in stark contrast with the previous administration. He has not been elected to try and please everyone, and make friends. He believes that he is making the right decision by declaring war on immigrants, and his hardline stance has already shown positive results. This is something that the mainstream media is finding hard to fathom, since they are pushing the national consensus on immigration.

However, a recent report released by Politico suggests that 60% Americans, and around 41% Democrats are in favor of his travel ban. Now, all Trump is left to deal with is his Wall, and plans have already been set in motion to see it to completion. Trump has already notified construction architects and firms, and instructed them to come up with a way to build this wall, with an estimated budget of $21.6 billion.

Building Walls

Trump sat next to his Mexican counterpart when he was at the G20 meeting in Hamburg, and he insisted once again that he will ‘absolutely’ see Mexico pay for the construction of the wall. The administration officials have already suggested that there has been massive progress made on illegal immigration, and the discussions surrounding the building of the wall is linked closely to NAFTA renegotiations taking place.

Trump now has momentum on his side, when it comes to immigration, and if it continues its course, then he will have public support and the Democratic Party will be forced to acknowledge he was right. This has placed the Democrats into a tricky situation, because the 2018 elections are just around the corner, and if they don’t get their act together, they will not be able to take back the House from Republicans.

However, they are not concerned about Trump getting his wish with the wall, and pushing through the transfer ban, since Democrats are still going to fight Trump till the end. It confounds belief that the Democratic Party is refusing to see sense, and realize that there is already a legal process in place for immigration in the country.

It is only a matter of time before all of them join the Trump Train, and quickly become united in their efforts to defeat illegal immigration in the United States.

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Robot Workers
"Hey, look, the new guy is a human! These affirmative action quotas are getting out of control, who wants a human?"

When James Cameron made his Terminator films back in the 90s, few of us believed that AI could actually take over the world. As it turns out, it could!

Of course, the real version of events is much different – there are no terminators in leather jackets roaming around hunting down little kids, neither is there a nuclear holocaust around the corner.

But you could end up jobless and without a way to make a living. That’s like a disaster in itself.

“These (robots) are things that are superhuman, and we think this will be in every industry, will probably replace 50 percent of human jobs, create a huge amount of wealth for mankind and wipe out poverty.”

These words were spoken by Kai-Fu Lee, a Chinese businessman who has worked for industry giants like Apple, Microsoft, and Google before starting his own Capital Venture Company. Obviously he knows a thing or two about computers and AI.

Now, robots have been around for a few decades at least, and their role in certain industries has become increasingly important. For instance, in the manufacturing sector last year, a company by the name of Foxconn laid off 60,000 workers and replaced them with machines.

This is not an isolated incident by any means. In the US, every robot that enters the industry does end up taking on average 5.6 workers’ jobs.

So what do we do? On the one hand, you can’t discount the productivity that robots bring to the table. Would you prefer hiring 50 people, paying them monthly wages, dealing with their personal issues? Or just invest in a few robots and be done with it.

We live in a world where, even though unemployment is an issue, most of us get by. We don’t realize the severity of the future that is about to become the present. And when the inevitable does happen, the extreme transition required from us might be too tough to deal with.

The truth is that jobs in every single commercial sector are under threat. It’s just common sense. An entrepreneur will always prefer efficiency, the heartlessness of a robot over human workers and you can’t blame them for it.

Even the ever-popular fields of business and finance are not safe. Antony Jenkins, the ex-CEO of Barclays Bank, predicted that the number of people employed in the financial sector would drop by as much as 50 percent in the next decade.

You can argue that robots and AI are manmade and can’t survive without human intervention. That’s true. Yet, this only deals with a handful of highly specialized people. What about the working class? The working class may well disappear.

We have to accept that robots and AI will have a devastating impact on unskilled and lower-level workers in the near future. Rather than thinking about putting a stop to this through restrictions on technology or stopgap solutions, we need to adapt, retrain, and repurpose ourselves.

Advancement in robotics should never stop. You always go forwards not backwards. There are plenty of ways to diminish the social and financial turmoil that we may be thrust into. One of these, as suggested by Bill Gates, is to tax robotics and use that money to support people being replaced. Of course, it falls on the Government and employers involved to take that step.

But how far can this go? If you look at the stakes, we are talking about millions and billions of people losing their jobs all over the world. It would require a complete rethink of the way the economy works.

On a positive note, human beings are a tough bunch. Plus we can’t survive without personal connections and interactions, so the human element won’t ever be written off in its entirety. Maybe AI will make the world a safer place by removing all the hazardous, dangerous jobs that we have to do. Maybe new jobs will be created, jobs that we cannot even imagine right now.

Things might be different, our roles too, but hopefully we’ll be fine!

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China’s third richest man, Jack Ma, founder and cahirman of Alibaba, an international retail buying platform, met with President Elect Donald Trump this morning and pledged to create a million U.S. jobs.

While Ma’s company won’t be doing the hiring, he will be opening the Alibaba platform to U.S. small business that will get access to China’s 300 million buyers.

Alibaba is arguably China’s equivalent to Amazon or Ebay, but for foreign and largely bulk buyers.

The platform has simplified trade between China and the rest of the world.

For instance, if an entrepreneur wants to open a new fitness gym in the U.S., rather than deal with upcharges buying foreign-made products from U.S. companies, buyers can purchase directly from the source.

So that new gym can be stocked with custom made dumbbells, racks, treadmills and even custom embroidered towels all directly from China at a fraction of the retail or even wholesale cost.

By opening the market to small businesses in the U.S., the trade can now go both ways with specialty manufacturers offering their goods directly to Chinese consumers.

While manufacturing has been dominated by China for decades, American farmers may be the biggest beneficiaries to the buying platform according to Jack Ma.

Trump, who is yet to be sworn in, has received commitments from various companies from Ford to Carrier and now, Alibaba, that will put him on pace to easily exceed the number of jobs “created” by President Obama during his eight years in office . . . within Trump’s first year in office.

That task was not difficult as Obama took office with an unemployment rate or 5% and will leave office with unemployment at 4.7%.

While advocates for President Obama claim that over six million jobs were created by his administration, many of those jobs are government positions or part time work.

Comment below.

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Donald Trump met with another billionaire on Tuesday and the result is a staggering commitment to the United States.

Masyoshi Son, the man that controls Sprint Corp and made his fortune with SoftBank Group in Japan sat down with Donald Trump to discuss jobs.

The meeting lasted only 45 minutes, but at the end, Son made a major pledge to the United States

Masayoshi Son pledged $50 billion to help the U.S. create 50,000 new jobs.

After the meeting, Son made the announcement with Trump in the lobby of Trump Tower.

No details were given aside from his plan to “invest into the new startup companies in the United States.”

Typically start up companies doesn’t employ large numbers of workers.
With the promise of 50,000 jobs, Son and Trump need to find the best ways possible to invest the $50 billion.

In comparison, Sprint only employees 30,000 people. The goal of 50,000 jobs is ambitious and bold, but both Son and Trump have a reputation for being bold.

Son came to America by himself in order to attend high school and then studied computer science and UC Berkeley.

He returned to Japan and started a software wholesale company called SoftBank. SoftBank took incredible risks and it paid off tremendously.

Son has accumulated a net worth of over $17 billion and his SoftBank Group has ownership in over 1,300 companies.

The most notable recently is the Chinese company Alibaba who Son invested in early and his Group has 37% of the E-commerce giant.

Son has his ambitions to make SoftBank Group the largest company in the world. It is no wonder that Trump and him hit it off. Trump is an ambitious man as well.

Hopefully this new relationship will add 50,000 jobs in the United States. It isn’t guaranteed, but it is a good start for a president elect that hasn’t even taken office yet.

What do you think about the $50 billion investment? Let us know your thoughts in the comments below.

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jobs program

In the aftermath of President Obama’s mass release of federal inmates, the administration is spending huge amounts of taxpayer funds to help the prematurely discharged convicts reintegrate into society, most lately $20 million to assist them in finding jobs.

It’s all part of the commander-in-chief’s broader effort to reform the nation’s criminal justice system as a way of ending racial discrimination. The initiative was technically launched back in 2010 when the president signed a measure that for the first time in decades relaxed drug-crime sentences he claimed discriminated against poor and minority offenders. This severely weakened a decades-old law enacted during the infamous crack cocaine epidemic that ravaged urban communities nationwide in the 1980s. As part of the movement the U.S. Sentencing Commission lowered maximum sentences for drug offenders and made it retroactive.

Last month the administration began releasing 6,000 drug convicts it claims are “non-violent” offenders whose sentences were too long under the old guidelines. News reports have already surfaced contradicting the administration’s assessment that the newly released convicts are not violent. Among them is the leader of a multi-million dollar operation that smuggled drugs from Canada to Maine. Prosecutors refer to the 29-year-old con as a “drug kingpin” who was one of “America’s Most Wanted.”

Shortly before the administration’s mass release of drug convicts, federal prosecutors warned that drug trafficking is inherently violent and therefore the phrase “non-violent drug offenders” is a misnomer. The nation’s prosecutors also cautioned that reducing prison sentences for drug offenders will weaken their ability to bring dangerous drug traffickers to justice.

Nevertheless, the convicts will continue being discharged from federal prisons nationwide before completing their sentence and Uncle Sam will fund their transition into society. Just a few weeks ago Judicial Watch reported that the administration is spending $1.7 million on a “re-entry program” to ease the transition from prison and ordering public housing facilities not to reject tenants with criminal records. A key component of the program is a joint venture between the Department of Justice (DOJ) and the Department of Housing and Urban Development (HUD) to help public housing residents expunge or seal their criminal records. The administration considers these “Americans who’ve paid their debt to society” and need the government’s help to “rehabilitate and reintegrate back into their communities.”

This month the Department of Labor (DOL) announced that it is spending “$20 million in additional funds” to help end the “cycle of poverty, criminality and incarceration.” State and federal prisons release more than 600,000 people annually without the benefits of a steady job, according to an agency announcement, that concludes “far too many are likely to return.” So this allocation, on the heels of the administration’s mass release of federal inmates, will fund programs that educate and train ex-cons for jobs.

“Throughout our nation’s history, we have always been the land of opportunity, even for those who have made mistakes or fallen on hard times,” said U.S. Secretary of Labor Thomas E. Perez. “As a country, America remains strongest when everyone has a chance to contribute to our communities and our economy. These grants extend ladders of opportunity to formerly incarcerated adults to make a positive difference in our nation.”

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star-citizen

American tax policy has a long history of sending US entrepreneurs and their money to foreign destinations. As video game development continues to be one of our largest growth industries – and potential employers of jobless Millennials – gaming start ups should be encouraged to remain domestic. Add crowdfunding to the mix, an important and emerging form of capital investment such as Kickstarter and Indigogo, and video game creation could become the new dot com boom.

Unless of course, the greedy hand of government grabs the controller and crashes the ship.

If you already know what Star Citizen is you might be a nerd, which is a good thing. If you follow economic or tax policy or are a politician, you might want to pay closer attention. Star Citizen is not only the largest crowd funded video game ever, but the largest crowd funded project of all time.

As of August 14th, Star Citizen took in over $87 million from just under 1,000,000 individuals. That’s an average of close to $100 per person. Star Citizen also averages a little over $2 million a month in pledges. The company has hired over 255 people internally with a few dozen more as outside contractors.

So what is attracting a multitude of mini-investors to Star Citizen? Star Citizen is an ambitious title promising to deliver an entire galaxy of realistically sized celestial bodies for you and your friends to pilot over forty individual ships in all shapes and sizes. Want to be Han and Chewie flying illegal freight past government checkpoints? You can do that. Captain Kirk with a massive ship and crew of people on peaceful missions of exploration or Luke Skywalker in a small nimble fighter? You can do that too. The attraction to Star Citizen is truly the scope of what you can do, and dream. Hundreds of thousands of people who used to be kids imagining they were a hero in far off galaxies can be one now, and are willing to spend hard earned cash for the chance.

Star Citizen is a populist cash cow and economic growth opportunity ready to launch, made possible by Chris Roberts — the brains behind the project — taking advantage of beneficial tax breaks.

Large businesses in the United States pay an average effective tax rate of 12.6%, and even more once state and local taxes are factored in. In fact, the total corporate taxation level is somewhere around 35%. That means that of the $87 million Star Citizen has raised, a theoretical minimum of roughly $11 million dollars would go to the government – which has no risk, cost or investment. That’s $11 million that backers have paid Roberts to fulfill childhood dreams. Fortunately, Chris Roberts has outsmarted governments, which is, arguably, not hard to do.

Star Citizen’s production is done by four studios, two of which, for creative reasons, had to be placed in specific areas — Santa Monica, California where Chris Roberts started his project, and Frankfurt, Germany which was the only location where uniquely skilled professionals Roberts needed were located. The other two studios are located in Austin, Texas and Manchester in the United Kingdom.

The Austin and Frankfurt locations currently hold the majority of Chris Roberts employees, bringing jobs to the local industry. However, a large shift of production and employees is accruing to Austin and the UK, and both for the same reason — both offer massive tax exemptions for video game companies.

Within the US, Texas and Florida offer great breaks to emerging companies, wheres California tax strangles them nearly to death. Ater specific tax incentives expired in Canada, the UK saw an opportunity to extend similar enticements, which is why so much of Star Citizen’s growth will be offshore.

Where the tax break goes, the money moves and the unemployment rate drops.

In Texas, Chris Roberts will enjoy up to a 20 percent reimbursement of expenses he accrues per year as well as sales tax exemptions on purchases of professional equipment necessary for the project. The UK offers an even higher tax break of 25 percent. This has prompted Roberts to grow Star Citizen’s UK branch into their largest with over fifty employees.

While Star Citizen is a relatively small project compared to corporate giants, it demonstrates how tax breaks can help deliver jobs, and better products that consumers have been quite literally dreaming about.

Politicians often spout fiery rhetoric about tax policy, and at times it’s unpopular to support tax cuts for multibillion dollar corporations. Typically, we see fiscal policy in a vacuum in outer space. But lowering taxes and helping people and businesses keep their money in the US allows them to deliver better products that individuals actually desire, and in the case of Chris Roberts’ Star Citizen, a product fans have truly been dreaming about and are willing to insert cash into the spending stream to experience.

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