Even in Silicon Valley, only 10% of people work in tech. What are the other 90% supposed to do? If you look at the US population, what percent are in tech? It must be under 10%. The other 90%+ of the population needs a way to make a living.
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Unemployment rate in Jan is 4.8% i.e employment rate is 95.2% 
. Looking at these figures simplistically which is obviously not true, just to get a feel, is the number of H1Bs more or less than 4.8%?
Tech companies employ 20+% of workers in the Bay Area. The whole world is moving toward services. I donât think we should go backward and move to low skill manufacturing work. Assembling iPhones is exactly the kind of work we donât want. Itâs low skill and mind numbing.
There are plenty of service jobs in health care for example. Not necessarily full blown registered nurses. How about dental hygienists? I have never seen a male dental hygienist, why is that? Or lab technicians. These jobs only take 2-year programs in community colleges.
Or if they are ambitious, they can go full tech and take on coding.
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Holy crap, I didnât know dental hygienists make this much in CA⌠must be even more in Bay Area.
This requires an associate degree from CC, and then pass some state licensing exams. But after that you are set for life. These jobs will never be outsourced to India. And as far as I know nobody is working on robots to drill our teeth. Remind me why we want to assemble iPhones again?
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I get my dental work done in MexicoâŚCosts one fouth of the cost in the BAâŚNobody wants a male hygienist. Hands are too bigâŚI go to Gental Dental in Cabo San JoseâŚThe dentist is a woman with very small handsâŚLeast painful dental experience ever. âŚ
Whatâs wrong with you? Get Trump! He has small hands! 
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Itâs the same old story. Cut taxes, repatriate money, blah, blah, blah. Itâs time to put to pasture the famous âtrickle effectâ theory. It doesnât work, it hasnât, it never will! Greed is killing this country.
Sorry to get into politics, but look who is in the white house and whom he surrenders with. Goldman Sachs, the âGoldman Sachs is getting away with murder folksâ said by the same Trumpâs mouth. That sweet $5 billion deal in Russia for what Lynn was the lame guy to pay the price while his boss is running crazy with the guilt.
They are building the base for another recession with killing some or all provision in the Dodd-Frank act. At least, they will turn us into another China where you will need a mask to walk on the street.
Politicians, no more B chit please!
Trump sticks his foot in is mouth everydayâŚI wouldnât want his hands anywhere near meâŚ
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Politicians sell the idea that lowering corporate tax would bring back jobs.
How does that work?
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Bring back overseas profit to invest in ⌠what are these? R&D? Ainât most of these already in USA. Marketing? They are spread all over the world, canât market in USA and expect other nations to know your products. Logistics/distribution? Location specific. Retail? Location specific.
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Relocate factories here? Corporate tax only affects net positive earnings.
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Relocate HQ here? Necessary if already overseas?
Hard press to see how it works.
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Presently, lot of rep senators+congress unable to get better returns on their invest by strong Dodd-Frank reforms.
Tax cuts, Repatriation I am really doubtful. FED Janet will be sidelined by a new supervisory committee chaired by a vice president. Relax Dodd-Frank reforms, banks will be loosened with low capital reserve, buyback and dividends increase. Changes in affordable care, changes in defense spendingâŚetc. Inflation high, rate hikes back to normal.
It is going to be crazy. save some cash in case there is a correction, we will have better opportunity to buy at low !
Frankly didnât pay attention much to Dodd-Frank reforms⌠lazy to read⌠any cliff notes? What kind of regulations are done away with? Dodd Frank donât allow short without scripts, right? Need higher reserves, right? That is about the only thing I think I know about that reform.
https://www.c-span.org/video/?423747-1/federal-reserve-chair-janet-yellen-testifies-economic-outlook
Talking about creating jobs, and many hi-tech employers complain that there are not enough experienced guys, one solution is Trump-bullied employers into employing undergraduates in their 3rd year and new graduates as interns for a year or two.
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Do not believe them. When Trump changes to $130k/year pay for H1B, they will not tell the same.
They want low cost high tech experienced people like H1Bs. Otherwise, lot of local candidates are available and highly skilled.
I keep telling you guys, you donât listen. He has something against Silicon Valley. Maybe thatâs a part of the economy he canât control. But he can destroy it, and be docile and noble later so he can become their savior.
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That wasnât my point. My point is the other 90% of people need a place to work. Tech isnât going to employ all of they.
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I think tech employs 20% of non-government workers not total.
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They are employed⌠not unemployed⌠that is my point.
Thatâs ignoring the people working part-time that want full-time work. It also ignores people that quit looking. Those groups add up to 15%+.
No need to include them since at a macro level, it doesnât matter who is currently part-time, who is not. Quit looking is a phony category since many housewives quit to take care of kids, similar for some older men, they are not sitting around doing nothing.
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