Why The Cold War Between Tech CEOs and Trump Is About To Go Nuclear

Why The Cold War Between Tech CEOs and Trump Is About To Go Nuclear, by Tyler Durden.

Over the weekend, openly defiant CEOs, particularly among the tech sector, expressed their displeasure with Trump’s Friday executive order temporarily banning refugees and limiting travel from seven Muslim countries. …

The biggest reason for the anger by tech CEOs at the Trump administration is a simple and … selfish one. The reason for the simmering cold war between tech CEOs and Trump can be summarized in just three letters: H1-B.

The bottom line is that tech CEOs fear Trump will single them out for outsourcing jobs or shut down the so-called H-1B visa program they use to hire high-skilled foreign employees for crucial engineering and technical jobs. …

On the campaign trail, [Trump] promised to “end forever the use of H-1B as a cheap labor program.” He later signaled in a meeting with tech leaders that he’s most concerned about companies misusing the visas to displace lower-wage American workers. …

Tech companies such as Microsoft, Google, IBM, Cisco, Apple, Intel and Facebook say the visas are crucial for specialized jobs they can’t fill domestically because of a shortage of American graduates with the right technical skills. When CEOs spoke out over the weekend about the ban, they pointed out the importance of allowing the “best and brightest” to work in the U.S.

Bloomberg reports that the Trump administration has drafted an executive order aimed at overhauling the work-visa programs technology companies depend on to hire tens of thousands of employees each year.

If implemented, the reforms could force wholesale changes at India companies such as Infosys Ltd. and Wipro Ltd., and shift the way American companies like Microsoft Corp., Amazon.com Inc. and Apple Inc. recruit talent. Companies would have to try to hire American first and if they recruit foreign workers, priority would be given to the most highly paid.

Many US tech companies hire cheap programmers from India and elsewhere to work in the US, while the American programmers have to teach the newcomers how to do their jobs before being sacked. The Americans forgo a bonus if they refuse to teach their replacements how to do their job. These H1-B visa have been shamelessly exploited to replace Americans in jobs in America with cheaper imported laborers.